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AI chip startup Tenstorrent lands $100M investment from Hyundai and Samsung

By August 4, 2023August 10th, 2023No Comments

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 compound annual growth rate 35%. (That’s close to 10 times the forecast growth rate for non-AI chips.)

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