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Tsavorite Secures $100 Million in Pre-Orders for Next-Gen AI Chips

AI startup Tsavorite Scalable Intelligence announced it has secured over $100 million in pre-orders from enterprises and cloud providers across the U.S., Asia, and Europe for its next-generation AI chips, designed to scale complex artificial intelligence workloads efficiently.

The company said demand has been particularly strong for its Omni Processing Unit (OPU) — a new compute architecture that integrates CPU, GPU, memory, and connectivity into a single device. This unified design allows the hardware to be reconfigured for diverse applications, addressing challenges in power efficiency, scalability, and cost that have become central to AI infrastructure development.

Founded in 2023 by former Intel and semiconductor industry veterans, Tsavorite aims to deliver its first AI chips and enterprise-class AI systems by next year. These devices will support agentic AI workflows — autonomous, multi-step AI processes that require high efficiency and interoperability between compute layers.

“We’ve built the first truly composable, developer-friendly AI platform that delivers step-change gains in efficiency, cost, and scale from edge to hyperscale,” said CEO Shalesh Thusoo.

The company is partnering with Samsung Foundry, using its SF4X platform solution to fabricate the OPU. Tsavorite declined to reveal its valuation or total funding raised so far, but analysts say the pre-orders highlight surging demand for specialized AI chips that can handle increasingly complex data center workloads.

CoreWeave Cuts Revenue Forecast After Data Center Delay, Shares Drop

CoreWeave (CRWV.O), a cloud infrastructure company backed by Nvidia, trimmed its annual revenue forecast on Monday after delays at a third-party data center partner disrupted operations, overshadowing strong quarterly results driven by soaring demand for AI computing services.

Shares fell more than 6% in extended trading, after Chief Financial Officer Nitin Agrawal forecast 2025 revenue between $5.05 billion and $5.15 billion, down from a previous estimate of $5.15 billion to $5.35 billion. Analysts had expected around $5.29 billion, according to data from LSEG.

CoreWeave said the customer impacted by the delay agreed to extend the contract’s expiration date, ensuring the total deal value remains intact, though the company did not name the client.

Despite the setback, the company posted a strong September quarter, with revenue more than doubling to $1.36 billion, beating Wall Street expectations of $1.29 billion.

CoreWeave has emerged as a major infrastructure provider for AI-driven workloads, securing high-profile contracts such as a $14 billion deal with Meta Platforms and a $6.5 billion partnership with OpenAI, both of which rely on its vast GPU-powered cloud network.

Once focused on Ethereum mining, CoreWeave has successfully repurposed its powerful GPU infrastructure to fuel the global AI cloud boom. However, its rapid growth has also exposed challenges — including rising chip prices, competition for computing capacity, and high expansion costs.

The company now expects to more than double capital spending next year, investing between $12 billion and $14 billion to meet surging demand.

CoreWeave shares have more than doubled since going public earlier this year at $40 per share, giving the firm a market capitalization above $50 billion, though its operating margin slipped to 16% in Q3 from 21% a year earlier.

Intel CEO Lip-Bu Tan Takes Charge of AI Strategy After CTO Departs for OpenAI

Intel announced that its CEO Lip-Bu Tan will directly oversee the company’s artificial intelligence strategy, following the departure of Chief Technology Officer Sachin Katti to OpenAI, the creator of ChatGPT.

Katti, who had led Intel’s AI division since a major management reshuffle in January, revealed on X (formerly Twitter) that he joined OpenAI, where he will focus on building the company’s compute infrastructure to support artificial general intelligence (AGI) research.

Intel confirmed the move in a statement, saying: “We thank Sachin for his contributions and wish him all the best. Lip-Bu will lead the AI and Advanced Technologies Groups, working closely with the team. AI remains one of Intel’s highest strategic priorities.”

The leadership change comes at a crucial time for Intel, which is working to reposition itself in the AI chip race dominated by Nvidia and TSMC. While Intel’s CPUs are still widely used in AI server systems, the company has struggled to deliver a competitive data center AI chip to match Nvidia’s specialized silicon.

Katti joined Intel four years ago, initially heading its networking group before being promoted by then-CEO Pat Gelsinger. Under Tan, who took over in March 2025, Katti became both Chief Technology Officer and Chief AI Officer in April, part of a broader restructuring to streamline decision-making.

Tan, a seasoned industry leader known for bold turnarounds, has been reshaping Intel’s leadership. He recently expanded Naga Chandrasekaran’s responsibilities to strengthen Intel’s foundry operations and hired Kevork Kechichian, formerly of Arm, to head its data center division.

Intel continues to emphasize AI as central to its recovery strategy amid fierce global competition.