Jeff Bezos Invests in AI Chipmaker Tenstorrent, Rival to Nvidia
TL;DR
AI hardware startup Tenstorrent has raised $693 million in a Series D funding round, valuing the company at over $2.6 billion. The round was led by Samsung Securities and AFW Partners, with participation from investors like Hyundai and Jeff Bezos' Bezos Expeditions. The Toronto-based company plans to use the funds to expand its engineering team and develop AI training servers. Tenstorrent aims to release a new AI processor every two years and has secured customer contracts worth nearly $150 million, positioning itself as a competitor to Nvidia in the AI chip market.
- Jeff Bezos backs AI chipmaker Tenstorrent TechCrunch
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- Nvidia competitor Tensorrent raises $693M in Series D funding round Seeking Alpha
- Tenstorrent Raises $693 Million Series D EE Times
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