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In A Bid To Compete with Nvidia, Jeff Bezos and Samsung Invest $700 Million In AI Chip Startup Tenstorrent
Tenstorrent has plans to manufacture its new AI chips through TSMC and Samsung.
The investment, led by South Korea’s AFW Partners and Samsung Securities, positions Tenstorrent as a serious competitor to Nvidia which is currently the dominant player in the AI chip market. Tenstorrent, headquartered in Santa Clara, California, plans to use the funds to expand its engineering team, strengthen its global supply chain, and build AI training servers to showcase its technology. Tenstorrent’s approach reflects a growing trend in the AI chip industry, where startups are challenging Nvidia’s dominance by offering alternatives tailored to specific needs.
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