• 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

US Margin Debt Surpasses 2021 Meme Stock Levels

chest

In October 2023, US trading margin debt surged by $572 billion, surpassing the levels seen during the 2021 Meme Stock craze.

user avatarKenji Takahashi

US Trading Margin Debt Hits Record High of $12 Trillion

chest

In October 2023, US trading margin debt surged by $572 billion, reaching an all-time high of $12 trillion, indicating excessive risk-taking in the markets.

user avatarMaria Fernandez

Current Margin Debt Levels Exceed Historical Peaks

chest

Current margin debt levels in the US have surpassed historical peaks, raising concerns about potential market corrections and increased regulatory scrutiny.

user avatarDiego Alvarez

JPMorgan Introduces Bitcoin-Backed Structured Notes in Collaboration with BlackRock

chest

JPMorgan Chase has filed with the SEC to introduce a Bitcoin-backed structured note linked to BlackRock's iShares Bitcoin Trust ETF, indicating increased institutional interest in cryptocurrency.

user avatarGustavo Mendoza

Digital Assets Forum Expands to Two Days in London

chest

The Digital Assets Forum (DAF) will now take place over two full days in London on February 5-6, 2026, featuring AI-powered networking and private investor meetings.

user avatarRajesh Kumar

Tether Exits Uruguay, Affecting Investment Plans

chest

Tether has exited Uruguay, which hampers its planned $500 million investment in the region.

user avatarMiguel Rodriguez

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.