Tag

Tenstorrent

All articles tagged with #tenstorrent

technology1 year ago•0 min saved

Jeff Bezos Invests in AI Chipmaker Tenstorrent, Rival to Nvidia

AI hardware startup Tenstorrent has raised $693 million in a Series D funding round, valuing the company at over $2.6 billion. The round was led by Samsung Securities and AFW Partners, with participation from investors like Hyundai and Jeff Bezos' Bezos Expeditions. The Toronto-based company plans to use the funds to expand its engineering team and develop AI training servers. Tenstorrent aims to release a new AI processor every two years and has secured customer contracts worth nearly $150 million, positioning itself as a competitor to Nvidia in the AI chip market.

via TechCrunch|

#ai #ai-chips #funding

technology1 year ago•0 min saved

Bezos Invests in AI Chipmaker Challenging Nvidia

Jeff Bezos has invested in AI chip startup Tenstorrent, joining a $700 million funding round led by Samsung and others, valuing the company at $2.6 billion. Tenstorrent aims to challenge Nvidia's dominance in the AI chip market, with support from notable investors like LG Electronics and Fidelity.

via Bloomberg|

#ai-chips #investment #jeff-bezos

technology1 year ago•2 min saved

"Jim Keller Challenges Sam Altman's Trillion-Dollar AI Chip Ambitions"

Renowned chip designer Jim Keller criticizes OpenAI CEO Sam Altman's plan to seek $8 trillion in funding for AI semiconductor ambitions, stating that he could achieve the same goals for less than a trillion dollars by focusing on architectural enhancements and supply chain improvements. Keller's company, Tenstorrent, is working on AI-based chip architectures and recently partnered with Samsung Foundry to develop next-gen RISC-V-based chiplet designs. Industry experts, including NVIDIA's CEO Jensen Huang, question the feasibility of Altman's ambitious plans and emphasize the importance of architectural changes in addition to production volume increases in the semiconductor industry.

via Wccftech|

#ai #jim-keller #sam-altman

technology2 years ago•2 min saved

Tenstorrent Secures $100M Funding from Hyundai and Samsung for AI Chip Development

Canadian AI chip startup Tenstorrent has raised $100 million in funding from Hyundai Motor Group, Samsung's Catalyst Fund, and other investors. Led by chip industry veteran Jim Keller, Tenstorrent aims to challenge Nvidia in the AI chip market. The funding will be used to develop AI chips for data centers and other applications, including smart televisions. Hyundai plans to incorporate Tenstorrent's technology in future vehicles. The funding round was structured as debt that will convert to stock, and Tenstorrent expects to hold another equity fundraising round next year.

via Reuters|

#ai-chips #funding #hyundai