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19 October 2026

Tenstorrent raises $1.5 billion to challenge Nvidia in AI chips

First reported

Bloomberg and SiliconANGLE ran this on , all on the same day.

  • Tenstorrent, a Toronto AI chip startup led by Jim Keller, raised $1.5 billion at a $6.2 billion valuation.
  • It sells complete AI computing systems, from desktop workstations to Galaxy servers, built on open RISC-V chip designs.
  • The company also provides open-source software so developers can run their AI models on its hardware.

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Reported by SiliconANGLE, Bloomberg