Chip legend Jim Keller’s Tenstorrent raises $1.5B to expand its open compute ecosystem

Chip legend Jim Keller’s Tenstorrent raises $1.5B to expand its open compute ecosystem

Artificial intelligence computing hardware startup Tenstorrent Inc. is pushing hard to position itself as an alternative to Nvidia Corp.’s graphics processing units after raising a massive $1.5 billion in a late-stage funding round today.

The Series E round was jointly led by Trace Capital and Innovation X and saw participation from new and existing backers including Protagonist, Morgan Stanley, Fidelity Management & Research Co., ARK Invest and…