Merchant AI Inference ASIC (datacenter, non-NVIDIA) — AI accelerator silicon

Merchant AI Inference ASIC (datacenter, non-NVIDIA) — AI accelerator silicon

Companies committing: tenstorrent, sambanova-systems, rebellions-ai.

Opportunity: $/token compression (per the AI-price-wars demand_query) is the wedge for non-NVIDIA inference silicon. All three are hiring verification (the bottleneck for tape-out cadence) and Rebellions is signaling IPO + ME sovereign-cloud demand.

Live three-company race specifically on inference, not training. The presence of a PM role at Rebellions (not just an engineer) means the product is past 'will it tape out' and into 'who pays for it.' Middle East sovereign demand is the unlock.