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Tenstorrent Completes $150 Million Series E Funding at a $6.2 Billion Valuation

Tenstorrent announced the completion of a $1.5 billion Series E funding round at a post-money valuation of $6.2 billion, led by Trace Capital and Innovation X. The funds will be used for large-scale deployment of Galaxy servers, continued support for open-weight models for large language models and video generation, and advancing externally licensed AI and CPU intellectual property. The company builds AI processors and systems based on RISC-V, and licenses the TT-Ascalon RISC-V CPU and Tensix AI cores to chip designers such as Samsung and LG.

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Moonshot AI Plans Hong Kong IPO in Q1 2027 at a Valuation of About $50 Billion

According to Bloomberg, citing people familiar with the matter, Kimi's parent company Moonshot AI plans to hold an IPO in Hong Kong in the first quarter of 2027 after completing a private financing round at a valuation of about $50 billion. The same report also mentioned that Kuaishou's AI video platform Kling AI has selected investment banks to prepare for a Hong Kong IPO, aiming to raise at least $1 billion, with a listing as early as 2027; the offering size and timing may still change.

AMD to Acquire World Labs in an All-Stock Deal Worth Approximately $8.2 Billion

AMD announced that it will acquire AI research lab World Labs in an all-stock deal worth approximately $8.2 billion. The transaction is expected to close by the end of 2026 and still requires regulatory approval. World Labs develops spatial intelligence world models that generate and simulate interactive 3D environments from text, images, and video. Its co-founder and CEO, Fei-Fei Li, will join AMD as Executive Vice President and Chief Scientist. AMD said the deal is intended to co-design hardware, software, and systems for emerging models and applications such as robotics and physical AI.

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Amazon's AI Self-Development Hits a Snag: It Scales Back the Nova Models and Reorganizes the Team

According to a Bloomberg report, after its self-developed large language model failed to achieve the expected results, Amazon reduced investment in most Nova models and placed its text, video, and image generation models in a state where only minimal resources are maintained. The company shifted computing power and personnel to a single frontier model project led by Pieter Abbeel; a week earlier, it had also closed an 80-person AGI research office in San Francisco.

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