Tenstorrent

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Tenstorrent, an ambitious AI chip startup, has secured $700 million in a funding round led by South Korea's AFW Partners and Samsung Securities, valuing the company at $2.6 billion. The round also saw participation from major players like Jeff Bezos' Bezos Expeditions, LG Electronics, Fidelity, and other investors, reflecting growing confidence in Tenstorrent's potential to challenge Nvidia’s dominance in the AI chip market.

Founded by semiconductor veteran Jim Keller, Tenstorrent is betting on a shift toward open-source technology, particularly the RISC-V architecture, to disrupt the status quo. Keller, who has a distinguished background in silicon design with Apple, Tesla, and AMD, sees RISC-V as a key to fostering innovation and attracting talent. "Open source helps you build a bigger platform," Keller said, emphasizing its role in creating a more accessible and scalable AI ecosystem.

Though still in its early stages, Tenstorrent has already secured nearly $150 million in contracts, signaling its growing traction. However, it remains a distant competitor to Nvidia, which generates tens of billions in datacenter revenue. Tenstorrent plans to release new AI processors every two years, while Nvidia refreshes its offerings annually.

The company is also advancing its chip manufacturing, with upcoming products to be produced by Taiwan Semiconductor Manufacturing Co. (TSMC) and Samsung Electronics, and plans to push into 2-nanometer fabrication. As Tenstorrent grows, it continues to build partnerships with key players like LG and Hyundai Motor Group, setting the stage for a challenging but potentially transformative battle in the AI chip sector.

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