AI chip firm Tenstorrent raises $100 million from Hyundai, Samsung

Tenstorrent, a Canadian startup headed by chip industry veteran Jim Keller that is developing artificial intelligence chips, said on Wednesday it has raised $100 million from Hyundai Motor Group and a Samsung investment fund, among others.

Keller, who has previously developed chips for Apple, Tesla and Intel, took over as the startup's CEO earlier this year. The move marks a return to car technology for Tesla veteran Keller. While Tenstorrent is developing chips to challenge Nvidia in data centers, it is also developing AI chips for a range of other uses, including a deal announced in May with LG for chips that could be used in smart televisions.

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