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.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Trump's New Memo Aims to Revolutionize US Space Launches

chest

US President Donald Trump signed a memo aimed at increasing the number of commercial space launches to at least 1,000 annually by 2030.

user avatarGustavo Mendoza

Space Stocks Decline as Market Reacts to Trump's Memo

chest

Space stocks, including SpaceX and AST SpaceMobile, declined by 3% as the market reacted to Trump's memo on increasing US commercial space launches.

user avatarKenji Takahashi

Rocket Lab's Shares Surge Amid Market Challenges

chest

Rocket Lab is experiencing a surge in its stock performance, tracking its best monthly results since May, following a key preflight testing milestone for its reusable fairing.

user avatarMaria Fernandez

New Report Released Using Primary Source Materials.

chest

The report is based on information released in disclosures at primary source documentation, aiming to provide accurate and reliable information to the audience.

user avatarRajesh Kumar

Micron Stock Predictions for 2030 Show Wide Range

chest

Analysts predict Micron's stock could range from $260 to over $2,000 by 2030, with an average target of $1,568.

user avatarMiguel Rodriguez

Future Prospects for Dogecoin: SpaceX and X Integration

chest

Elon Musk's plans for SpaceX and the potential integration of Dogecoin into his X social media platform could significantly boost its value.

user avatarArif Mukhtar

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.