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Tether joins $1.5B funding round for AI chipmaker Tenstorrent, valuing it at $6.2B

Market News
20 Oct 2026
Crypto Economy
View Source
Bullish
Tether joins $1.5B funding round for AI chipmaker Tenstorrent, valuing it at $6.2B

Tether has invested in Tenstorrent's $1.5 billion funding round, a company focused on AI processors and computing infrastructure. This funding values Tenstorrent at $6.2 billion and aims to expand developer access to AI computing power. The investment highlights growing interest in AI hardware innovation and could accelerate advancements in AI technology.

The news about OpenZeppelin adding Chainlink cross-chain capabilities provides context for readers interested in the crypto sector. For readers following major cryptocurrencies on Pluang, here is the market snapshot as of Oct 21, 2026 05:11 WIB: out of 50 major cryptocurrencies, 44 rose and 5 fell today. Balancer (BAL) led gains with a 11.14% increase to Rp16.297, surpassing EOS (EOS.IO) which rose 8.13% to Rp12.649, while VeChain (VET) increased 7.09% to Rp129, with a nearly balanced Pluang order activity of 49% sell and 51% buy and a notably longer typical hold time of 148 days compared to BAL's 85 and EOS's 87 days.

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Medical Informatics Corp. opens Sickbay Demo Center at Texas Medical Center to enhance patient care with real-time data integration.

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Medical Informatics Corp. has launched the Sickbay Experience Demo Center at Texas Medical Center's Helix Park, showcasing its FDA-cleared Sickbay platform. This interactive center demonstrates how real-time patient data from various medical devices ...

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Grupo Aeroportuario del Pacífico Q3 earnings miss estimates despite revenue and EBITDA growth.

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Northern Trust Q3 2026 earnings expected to rise on higher interest and fee income.

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Northern Trust is set to report its Q3 2026 earnings with analysts forecasting a 24.9% rise in earnings per share to $2.86 and an 11.8% increase in revenue to $2.26 billion. Growth is driven by an 11.4% increase in net interest income and a 12.1% ris...

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Moody's Q3 2026 earnings preview highlights credit ratings and AI-driven analytics growth.

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Moody's is expected to report Q3 2026 earnings of around $4.25 per share on revenue near $2.08 billion, driven by steady demand for credit ratings and growth in Moody's Analytics, especially from recurring subscriptions and AI tools. While Moody's In...

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Neutral
2 hours ago
Raymond James raises Rapport Therapeutics price target to $86 after positive Phase 2 trial for bipolar mania drug.

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Raymond James increased its price target for Rapport Therapeutics to $86 following positive Phase 2 trial results of RAP-219, a drug treating acute bipolar mania. The trial showed statistically significant improvement in patients and a favorable safe...

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