Qualcomm Reportedly in Talks to Acquire AI Chip Startup Tenstorrent

According to media ​reports, Qualcomm is in talks to acquire AI chip startup ​Tenstorrent for $8 billion to $10 billion. The talks were ongoing ​and the price could change, or the ⁠discussions could fall apart. Qualcomm has increasingly sought to reduce its dependence on the cyclical handset ​market by ​expanding into ⁠high-growth segments such as data center processors and autonomous vehicle chips. Founded ​in 2016, Tenstorrent is headed by ​Jim ⁠Keller, a former Apple chip designer who also oversaw Tesla's efforts to design a chip ⁠for ​autonomous driving. The startup develops ​accelerators for training AI models and running AI applications.