WORLDTECHTenspresso in talks to raise $50 million at $500 million valuation
Tenspresso, a startup founded a few months ago by former Google AI chip engineers, is reportedly in talks to raise $50 million at a $500 million valuation, according to Bloomberg.
Funding talks reported by Bloomberg
According to Bloomberg, Tenspresso is negotiating a funding round of $50 million. The talks would value the young company at $500 million.
The figures come from a single report by Bloomberg, as relayed by Electronics Weekly. No further confirmation from the company or the investors is included in the material available.
Founders with Google AI chip background
Tenspresso was founded a few months ago by engineers who previously worked on AI chips at Google. The startup is thus entering the AI hardware market with a team that has direct experience building such processors.
Electronics Weekly's coverage carries the headline "Tenspresso bets on longer context windows", indicating that the company's focus is on chip capabilities for handling longer context windows in AI models.
Open questions
- Has Tenspresso confirmed the funding talks reported by Bloomberg?
- Have any investors been named in the reported round?