The world is now divided into two: one is the AI food chain deployed by Nvidia across various industries, and the other consists of startups attempting to challenge Nvidia's AI dominance.
AI software-hardware integration startup Tenstorrent has secured $69.3 million in Series D financing, bringing the company's valuation to over $2.6 billion. This new round of financing was led by Samsung Securities and AFW Partners. Other investors include Hyundai Motor and Amazon founder Jeff Bezos.
Tenstorrent will utilize the newly raised funds to organize an engineering team and develop artificial intelligence training servers. Tenstorrent plans to release a new AI processor every two years and has signed customer contracts totaling nearly $150 million.
Tenstorrent's current CEO Jim Keller is a renowned processor expert, having worked on CPU and AI processors at AMD, Tesla, and Apple, focusing on developing the next generation of AI hardware and CPUs.
Tenstorrent was founded in 2016 and is currently one of the many startups competing in the AI chip market dominated by Nvidia.
About Tenstorrent: Building high-performance computing for AI
Tenstorrent is known for manufacturing RISC-V1 IP (Ascalon) and AI IP (Tensix), high-performance computing (HPC) semiconductors. Their IP designs can scale from milliwatts to megawatts, providing exceptional efficiency and performance.
Tenstorrent is a next-generation high-performance computing startup developing computer hardware for artificial intelligence. Headquartered in North America, it has offices in Toronto, Austin, and Silicon Valley, with global offices in Belgrade, Tokyo, Bangalore, Singapore, and Seoul. Tenstorrent brings together experts in artificial intelligence software, computer architecture, chip design, and advanced systems. Tenstorrent is supported by companies such as Eclipse Ventures and Real Ventures.
Features of RISC-V1 IP (Ascalon)
Tenstorrent's RISC-V1 IP (Ascalon) is an open-source instruction set. Based on RISC-V, TT-Ascalon has flexibility. It can scale from high-performance eight-width to compact, efficient two-width. The Tensix core, which powers AI accelerators, is also scalable and designed to form a grid that can expand to any number of cores as needed.
Tenstorrent and LG collaboration
On November 12 this year, LG and Tenstorrent announced an expansion of their collaboration, building on their initial chip project to develop system-on-chip (SoC) and systems for the global market. LG stated that the partnership enhances the design and development efficiency of customized artificial intelligence chips for products and services, aiming to realize LG's vision of 'Affectionate Intelligence', enhancing AI appliances and smart home solutions, and expanding future mobile and business application scenarios.
This article does not let Nvidia dominate! Amazon founder Jeff Bezos and Samsung invest in AI software-hardware integration startup Tenstorrent first appeared in Chain News ABMedia.
