AI chip firm Tenstorrent raises $100 mln from Hyundai, Samsung reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Tenstorrent, a Canadian startup headed by chip industry veteran Jim Keller that is developing artificial intelligence chips, said on Wednesday it has raised $100 million from Hyundai Motor Group and a Samsung investment fund, among others. Tenstorrent, which before this funding had already raised $234.5 million was valued at $1 billion, is one of several upstarts looking to challenge Nvidia, the market leader in supplying chips to develop artificial intelligence products like ChatGPT. Keller, who has previously developed chips for Apple, Tesla and Intel, took over as the startup's CEO earlier this year.
Tenstorrent Fundraising: Tenstorrent, which before this funding had already raised USD 234.5 million was valued at USD 1 billion, is one of several upstarts looking to challenge Nvidia, the market leader in supplying chips to develop artificial intelligence products like ChatGPT.