Tenstorrent raises $1.5 billion at a $6.2 billion valuation to scale Galaxy AI servers
Trace Capital and Innovation X led the Series E; funds also go to RISC-V CPU and AI IP licensing.
- OpenAI cuts its funding round target by $10 billion to about $20 billion at a $1.25 trillion valuation, FT reports
- Nasdaq slides 2.9% as Intel has its worst day since the 1970s and chip stocks fall
- Intel shares fall 29%, their worst day since the 1970s, cutting about $12 billion from the US government's stake
- S&P revises Meta's outlook to negative over AI capital spending and negative free cash flow
- Google's Suncatcher satellite returns the first AI response from a data-centre TPU in orbit
- Mistral releases open weights for Mistral Large 4, its 1-trillion-parameter model
- Apple says Apple Intelligence features will reach China with iOS 27.3, using Alibaba's Qwen in Siri and Writing Tools
- Google, Microsoft, OpenAI and Anthropic back a shared robots.txt signal for opting out of AI training