AI chip startup Tenstorrent is drawing early takeover interest from prospective buyers, including Intel (INTC) and Qualcomm (QCOM), as it looks to challenge Nvidia (NVDA) and AMD (AMD), Bloomberg’s Ryan Gould and Edward Ludlow report. The company has held conversations with industry players and is speaking to investment banks about evaluating its options, and could be valued at more than $5B in a potential transaction, according to people familiar with the matter. While it entertains interest from would-be buyers, Tenstorrent is continuing to court prospective investors in a funding round, the people add.
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