AI chip firm Tenstorrent raises $100 mln from Hyundai, Samsung
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Tenstorrent, a Canadian firm, has raised 100 million dollars from sponsors.
Jim Keller, previously employed by Tesla, is the founder and chief executive officer of the firm.
Tenstorrent secured 50 million dollars from the Catalyst Fund of Samsung, thirty million dollars from Hyundai, and twenty million dollars from Kia.
Tenstorrent won’t technically acquire an added worth until it does a second round of equity financing.
Tenstorrent also sells its proprietary rights and other technologies to clients so they may create their own artificial intelligence chips.
Tenstorrent is currently focusing on additional applications for AI chips.
Keller, who assumed control of the artificial intelligence chip manufacturer previously this year, has in the past produced chips for firms such as Tesla, Apple, and Intel.
His tenure at Tenstorrent represents a comeback to the automotive technology industry.