{"id":169034,"date":"2023-08-04T20:24:04","date_gmt":"2023-08-05T01:24:04","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2023\/08\/ai-chip-startup-tenstorrent-lands-100m-investment-from-hyundai-and-samsung"},"modified":"2023-08-04T20:24:04","modified_gmt":"2023-08-05T01:24:04","slug":"ai-chip-startup-tenstorrent-lands-100m-investment-from-hyundai-and-samsung","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2023\/08\/ai-chip-startup-tenstorrent-lands-100m-investment-from-hyundai-and-samsung","title":{"rendered":"AI chip startup Tenstorrent lands $100M investment from Hyundai and Samsung"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/ai-chip-startup-tenstorrent-lands-100m-investment-from-hyundai-and-samsung2.jpg\"><\/a><\/p>\n<p>The appetite for hardware to train AI models is voracious.<\/p>\n<p>AI chips are forecast to account for up to 20% of the $450 billion total semiconductor market by 2025, according to <a href=\"https:\/\/www.mckinsey.com\/industries\/semiconductors\/our-insights\/artificial-intelligence-hardware-new-opportunities-for-semiconductor-companies\" target=\"_blank\" rel=\"noopener\">McKinsey<\/a>. And The Insight Partners <a href=\"https:\/\/www.theinsightpartners.com\/reports\/artificial-intelligence-chip-market\" target=\"_blank\" rel=\"noopener\">projects<\/a> that sales of AI chips will climb to $83.3 billion in 2027 from $5.7 billion in 2018, a compound annual growth rate 35%. (That\u2019s close to 10 times the forecast growth rate for non-AI chips.) <\/p>\n<p>Case in point, <a href=\"https:\/\/tenstorrent.com\/\" target=\"_blank\" rel=\"noopener\">Tenstorrent<\/a>, the AI hardware startup helmed by engineering luminary Jim Keller, this week <a href=\"https:\/\/www.prnewswire.com\/news-releases\/tenstorrent-raises-a-100m-strategic-up-round-co-led-by-hyundai-motor-group-and-the-samsung-catalyst-fund-301891181.html#:~:text=SANTA%20CLARA%2C%20Calif.%2C%20Aug,%2C%20Maverick%20Capital%2C%20and%20more.\" target=\"_blank\" rel=\"noopener\">announced<\/a> that it raised $100 million in a convertible note funding round co-led by Hyundai Motor Group and Samsung Catalyst Fund.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The appetite for hardware to train AI models is voracious. AI chips are forecast to account for up to 20% of the $450 billion total semiconductor market by 2025, according to McKinsey. And The Insight Partners projects that sales of AI chips will climb to $83.3 billion in 2027 from $5.7 billion in 2018, a [\u2026]<\/p>\n","protected":false},"author":396,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-169034","post","type-post","status-publish","format-standard","hentry","category-robotics-ai"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/169034","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/396"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=169034"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/169034\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=169034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=169034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=169034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}