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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, ...

By Liza Lin Canadian tech hardware startup Tenstorrent raised $100 million from investors including Hyundai Motor Group and Samsung Electronics to develop advanced chips used in artificial...

Tenstorrent is one of several upstarts looking to challenge Nvidia

Artificial intelligence chip-maker Tenstorrent raises $100-million from Hyundai, Samsung, adding to $234.5-million the startup had already raised

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.

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.

Canadian startup Tenstorrent secures $100m in funding from Hyundai, Samsung, and Kia to challenge Nvidias dominance in AI chip supply.

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The investments come as the AI chip market is currently dominated by Nvidia, who has the most powerful chips available to developers, and companies like Tenstorrent are seeking to take a share.

AI chip developer Tenstorrent secured $100 million from its latest funding round headed by Hyundai Motor Group and Samsung’s investment arm.