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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 Nvidia's 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.