Startup Founded by ex-Tesla Dojo Leaders Nears $10 Billion Valuation

DensityAI, an AI chip startup founded just a year ago by former leaders of Tesla’s Dojo supercomputer program, is in advanced talks to raise hundreds of millions of dollars in a round that would value it at $10 billion, according to two people with knowledge of the discussions.

The valuation is high for a company whose chips appear to be early in their development, meaning they could be years away from mass production. But the company’s leaders have told potential investors they’ve secured an agreement in which Amazon Web Services would purchase eventual chips from DensityAI if they meet certain performance requirements, the people said.