Tenstorrent, an AI chip company, raises $100 million from Hyundai and Samsung in an effort to challenge Nvidia’s chip supremacy

Tenstorrent, an AI chip company, raises $100 million from Hyundai and Samsung in an effort to challenge Nvidia’s chip supremacy.

Tenstorrent, a Canadian firm, has received $100 million in financing from Hyundai, Samsung, and Kia to challenge Nvidia’s supremacy.

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The freshly received money is structured as debt that will be converted into stock later.

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His tenure at Tenstorrent represents a comeback to the automotive technology business.

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