Jeff Bezos Backs AI Chipmaker Tenstorrent in $693 Million Funding Round
Matilda
Jeff Bezos Backs AI Chipmaker Tenstorrent in $693 Million Funding Round
In a significant move that underscores the escalating race for AI supremacy, Tenstorrent, a promising AI chip startup, has secured a substantial $693 million in Series D funding. Led by Samsung Securities and AFW Partners, this round values the company at over $2.6 billion. Notably, the investor list includes tech titan Jeff Bezos's Bezos Expeditions and Hyundai, highlighting the immense potential of AI hardware. Tenstorrent's Vision Tenstorrent, founded in 2016 by renowned microprocessor engineer Jim Keller, is dedicated to pushing the boundaries of AI hardware. The company's mission is to develop cutting-edge AI processors that can accelerate the development and deployment of AI applications. With this latest funding infusion, Tenstorrent aims to: Expand its engineering team: Attract top talent to fuel innovation and drive technological advancements. Build advanced AI training servers: Showcase the capabilities of its AI processors and accelerate the development of AI models…
