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Story summary
- Tenstorrent is in preliminary talks with Intel and Qualcomm about a deal worth $5 billion or more.
- The startup hired banks to explore a sale or equity financing.
- Fidelity Management leads financing that values Tenstorrent at a pre-money $3.2 billion and the company seeks a fresh raise of several hundred million dollars.
- No definitive agreement exists yet, and other chip makers could bid if a formal sale process begins.
