Tether Invests in Tenstorrent to Expand Access to Open AI Computing Infrastructure
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AI summary of the source article
Tether Capital has participated in a $1.5 billion Series E funding round for AI computing firm Tenstorrent, valuing the company at $6.2 billion. Tenstorrent plans to use the capital to expand server production and advance its technology.
Why it matters
Tether CEO Paolo Ardoino stated: "We believe open computing infrastructure will be essential to making AI accessible to more people, and we’re excited to support Tenstorrent as it brings that technology to a wider market."
Key facts
- Tether Capital participated in Tenstorrent's $1.5 billion Series E funding round, valuing Tenstorrent at $6.2 billion.
- Tenstorrent will use the proceeds to expand production of its Galaxy server systems, advance AI and CPU technology, and grow global operations.
- Tenstorrent licenses chip designs and provides hardware and software to customers developing their own chips, including Samsung and LG.
Source excerpt · Tether news
Investment supports Tether’s ambition to make AI more accessible by giving developers and businesses greater control over the technology powering it 20 October, 2026 – Tether Capital today announced its participation in the $1.5 billion Series E funding round of Tenstorrent, an AI computing company developing high-performance processors, systems and software. The round values Tenstorrent […]