• 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

2 years 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

Yoroi Wallet Implements Strict Editorial Policy

chest

Yoroi Wallet has introduced a new editorial policy that focuses on accuracy, relevance, and impartiality to enhance the quality and trustworthiness of the information provided on its platform.

user avatarKenji Takahashi

Bitcoin BIPs GitHub Repository Receives Update

chest

The Bitcoin BIPs GitHub repository has been updated with new information.

user avatarMaria Fernandez

New Editorial Guidelines Focus on Improving Content Quality.

chest

A strict editorial policy has been established to ensure accuracy, relevance, and impartiality in content.

user avatarGustavo Mendoza

Binance Implements Strict Editorial Policy

chest

Binance has introduced a new editorial policy that focuses on accuracy, relevance, and impartiality to enhance the quality and trustworthiness of its content.

user avatarRajesh Kumar

Taiwan Enacts Comprehensive Crypto Regulation

chest

Taiwan has passed the Virtual Asset Service Act, establishing full financial supervision over the crypto sector.

user avatarMiguel Rodriguez

Goliath Ventures CEO Christopher Delgado Admits to Fraud Scheme

chest

Goliath Ventures CEO Christopher Delgado pleads guilty to fraud, admitting to taking hundreds of millions from investors and spending it on luxury items.

user avatarLuis Flores

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.