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DeepNewz, mobile.
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#Samsung invests $700 million in #NVIDIA competitor for AI chips $NVDA In the artificial intelligence era, companies that have managed to establish themselves as pioneers have gained a huge advantage over all others. NVIDIA is part of the industry, being the world’s leading… https://t.co/kY8Rxf3Ggl
Bezos Backs AI Chipmaker Tenstorrent in $700 Million Investment Round https://t.co/3p6Q5dHMe8 #ai
Exciting news in the AI sector! Nvidia is among the investors in Nebius Group's impressive $700 million capital raise. Discover the potential impact of this investment and what it means for the future of AI development. Read more here: https://t.co/0oV5CV6hAC
AI chip startup Tenstorrent has successfully raised $693 million in a Series D funding round, bringing its pre-money valuation to $2 billion. The funding was significantly backed by notable investors, including Jeff Bezos and Samsung, who collectively contributed to the nearly $700 million investment aimed at challenging Nvidia's dominance in the AI chip market. This investment marks a pivotal moment for Tenstorrent as it seeks to position itself as a formidable competitor in the rapidly evolving AI sector.
