Tether joins Tenstorrent’s $1.5B round as AI investments grow

Tether has joined Tenstorrent’s $1.5 billion Series E funding round at a $6.2 billion valuation, adding an AI hardware investment to its work on software and automated payments. Tether joined Tenstorrent’s $1.5 billion funding round at a $6.2 billion valuation. Tenstorrent plans to fund Galaxy server production, chip development and global expansion. Neither company disclosed Tether’s investment amount or ownership stake. Tether’s other recent AI projects include AIsa payments and offline speech recognition. Tether Capital announced its participation on Oct. 20, just a day after Tenstorrent disclosed it had completed its financing round.

Source: crypto.news