Jeff Bezos Invests in AI Chipmaker Tenstorrent
Jeff Bezos has invested in Tenstorrent, a Canadian AI chipmaker led by Jim Keller, a renowned figure in semiconductor design. This investment is part of Tenstorrent's recent Series D funding round, which raised over $693 million, valuing the company at $2 billion.
Other participants in this funding round include Samsung Securities, AFW Partners, Fidelity Management & Research Co., and LG Electronics. Tenstorrent specializes in developing high-performance, programmable AI processors, positioning itself as a competitor to industry leaders like Nvidia. The company plans to use the new capital to accelerate product development and expand its machine learning software capabilities.
This investment aligns with Bezos's strategy of supporting innovative technologies with significant growth potential. Tenstorrent's focus on AI hardware development reflects the increasing demand for advanced computing solutions across various industries. The company's previous funding efforts include a $100 million investment led by Hyundai Motor Group and Samsung Catalyst Fund in August 2023, aimed at advancing AI chiplet design and machine learning software.
With the latest funding, Tenstorrent aims to enhance its position in the AI hardware market, leveraging the expertise of its leadership and the support of prominent investors to drive innovation and meet the growing needs of AI applications.
