Car manufacturers are investing more and more in the latest technology, so much so that the latest car models are real computers on 4 wheels. Development and availability semiconductors therefore, it is central to this strategy.
Hyundai Group so I decided invest in tentorrentan AI semiconductor company based in Toronto, Canada that will enable the Korean group to integrate AI into future Hyundai, Kia and Genesis vehicles, as well as other mobility solutions including robotics and advanced air mobility.
Hyundai and Kia brands they will invest 50 million dollars (respectively $30 and $20 million), making the Korean group the main investor in Tenstorrent’s latest funding round for a total of $100 million. The investment will accelerate the design and development of Tenstorrent’s artificial intelligence chips and machine learning software roadmap.
The Korean group will use Tenstorrent technology in their vehicles. In particular, new highly efficient semiconductors will be used. to the central processing unit (CPU) and neural processing unit (NPU) for vehicles and mobility solutions of the future.
Recall that earlier this year, Hyundai Group established a semiconductor development group. This dedicated group develops specialized semiconductors for the Group’s innovative mobility, achieved through strategic collaborations with various external partners. Heung Soo KimExecutive Vice President and Head of Global Strategy (GSO) Hyundai Group, commented:
Tenstorrent’s strong growth potential and high performance AI semiconductors will help the Group secure competitive technologies for the mobility of the future. With this investment, the Group plans to develop an optimized but differentiated semiconductor technology that will facilitate future mobility and strengthen in-house capabilities in the development of artificial intelligence technologies.
Jim KellerCEO of Tenstorrent added:
We are proud of the trust Hyundai Motor Group places in Tenstorrent. It was impressive to see Hyundai Motor Group ranked third among car makers thanks to their technological vocation, which led them to acquire Boston Dynamics, a joint venture with Aptiv, and now invest in Tenstorrent.
Source: HD Motori
Ashley Fitzgerald is an accomplished journalist in the field of technology. She currently works as a writer at 24 news breaker. With a deep understanding of the latest technology developments, Ashley’s writing provides readers with insightful analysis and unique perspectives on the industry.