• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Samsung and Jeff Bezos support Tenstorrent in the battle against Nvidia

user avatar

by Giorgi Kostiuk

a year ago

Tenstorrent, the company seeking to compete with Nvidia, received $700 million in investment from Amazon founder Jeff Bezos and South Korean giant Samsung.

Tenstorrent Development

Tenstorrent has attracted significant investments, marking a notable development in the AI industry. The funding round was led by South Korea’s AFW Partners and Samsung Securities, aimed at capital generation for creating a chip to compete with Nvidia in the AI market.

Competition with Nvidia

Founder Jim Keller stated that Tenstorrent plans to use the funding to expand its engineering team and enhance its global supply chain. The company aims to develop more energy-efficient and cost-effective solutions, differentiating itself from Nvidia’s expensive technology.

Open source helps you build a bigger platform. It attracts engineers, and yes, it’s a little bit of a passion project.Jim Keller

Prospects and Plans for Tenstorrent

The company plans to release new AI processors every two years, while Nvidia updates its chips annually. Tenstorrent collaborates with major companies, including LG and TSMC, and is planning further investments to transition to 2-nanometer technology.

Funding from major players like Samsung and Jeff Bezos may help Tenstorrent strengthen its market position in AI, despite Nvidia's dominance.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Rocket Pool Fails to Release Expected Biweekly Update

chest

Rocket Pool's anticipated biweekly update on January 13, 2026, was not released, raising concerns about transparency.

user avatarSatoshi Nakamura

Zero Knowledge Proof Revolutionizes Decentralized Storage in Blockchain

chest

Zero Knowledge Proof (ZKP) is introduced as a solution to enhance decentralized storage in blockchain applications.

user avatarLucas Weissmann

Ledger Aims to Activate Dormant Bitcoin Assets with New Yield Feature

chest

Ledger's BTC yield feature aims to activate a $21 trillion dormant asset class by bridging long-term cold storage and decentralized finance, allowing users to earn rewards while maintaining self-custody.

user avatarEmily Carter

Ledger Launches New BTC Yield Feature for Hardware Wallet Users

chest

Ledger has launched a new BTC yield feature for hardware wallet users, allowing them to earn yield from self-custodied assets by converting BTC into LBTC, a yield-bearing liquid staking token.

user avatarFilippo Romano

BTC Yield Feature Integrates Liquid Staking Protocol for Enhanced Flexibility

chest

The BTC yield feature integrates Lombard's liquid staking protocol with Figment's staking infrastructure, allowing users to deposit native BTC via a decentralized application, which converts the Bitcoin into LBTC.

user avatarTomas Novak

Aptos Network Achieves Record Revenue Amidst Price Decline

chest

Aptos APT network achieved record-breaking onchain application revenue, generating approximately 165 million in revenue during the week of December 22-28, 2025, and increasing to 175 million the following week, despite a significant decline in APT price.

user avatarKaterina Papadopoulou

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.