TensTorrent, an AI chip startup, has raised $100 million in a funding round led by Samsung and Jeff Bezos’ family office. The company aims to challenge Nvidia’s dominance in the AI chip market with its energy-efficient processors designed for data centers and cloud computing. TensTorrent’s chips are optimized for AI workloads like natural language processing and computer vision, offering higher performance and lower power consumption compared to Nvidia’s offerings. The funding will be used to accelerate the development and commercialization of TensTorrent’s AI chips, which are expected to be available in 2024. The investment from Samsung and Bezos’ family office highlights the growing interest in AI hardware and the potential for new players to disrupt the market currently dominated by Nvidia.
Source: https://www.businessinsider.com/samsung-jeff-bezos-nvidia-rival-tenstorrent-funding-2024-12