Tether Joins $1.5 Billion Funding Round for AI Chip Startup Tenstorrent

Key Facts

Tether Investments participated in a $1.5 billion Series E funding round for AI chip startup Tenstorrent. According to Tokenpost, the investment round brought Tenstorrent's valuation to $6.2 billion. The move reflects Tether's strategy to diversify its reserves and profits into high-growth technology sectors, specifically artificial intelligence and semiconductor infrastructure.

Tenstorrent intends to utilize the capital to expand its chip manufacturing capacity and scale its commercial operations globally, including the deployment of Galaxy servers. The company's licensable designs include the TT-Ascalon CPU and Tensix AI cores, as it seeks to advance the intellectual property it provides to customers designing custom silicon.