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Canadian startup Tenstorrent secures $100m in funding from Hyundai, Samsung, and Kia to challenge Nvidia's dominance in AI chip supply.
Hyundai Motor Group said Thursday it has invested $50 million in Canadian artificial intelligence semiconductor startup Tenstorrent in a move to secure key technology for future mobility. Tenstorrent recently closed a $100 million strategic funding round, for which Hyundai and its smaller affiliate Kia shelled out $30 million and $20 million, respectively. Samsung Catalyst Fund, Samsung Electronics’ evergreen m...
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.
SK Capital Partners announced the close of SKCP Catalyst Fund II which was oversubscribed with total committed capital of $800 million
/PRNewswire/ -- Tenstorrent is pleased to announce that it closed a $100M strategic financing up-round led by Hyundai Motor Group and Samsung Catalyst Fund,...