AI chip startup Tenstorrent lands $100M investment from Hyundai and Samsung
Case in point, Tenstorrent, the AI hardware startup helmed by engineering luminary Jim Keller, this week announced that it raised $100 million in a convertible note funding round co-led by Hyundai Motor Group and Samsung Catalyst Fund. Indeed, $50 million of the total came from Hyundai's two car-making units, Hyundai Motor ($30 million) and Kia ($20 million), which plan to partner with Tenstorrent to jointly develop chips, specifically CPUs and AI co-processors, for future mobility vehicles and robots. Samsung Catalyst and other VC funds, including Fidelity Ventures, Eclipse Ventures, E...
Source: yahoo.com
