Hyundai Motor Group invests in AI semiconductor firm Tenstorrent
Hyundai Motor Group announced a strategic investment in Tenstorrent, an artificial intelligence (AI) semiconductor company based in Toronto, Canada, which will allow the Group to integrate AI into future Hyundai, Kia and Genesis vehicles, and other future mobilities, including robotics and advanced air mobility (AAM).
Hyundai Motor Company and Kia Corporation will invest USD 50 million ($30M and $20M, respectively), making the Group the lead investor in Tenstorrent’s latest funding round, a total of USD 100 million. The investment will be used to accelerate Tenstorrent’s design and development of AI chiplets and its machine learning (ML) software roadmap.
The Group expects to leverage Tenstorrent’s high-performance technologies and experience to jointly develop optimized semiconductors while strengthening its own technological capabilities. The newly developed high-performance semiconductors will be applied to central processing units (CPU) and neural processing units (NPU) for future vehicles and mobility solutions.
Hyundai Motor Group established the Semiconductor Development Group earlier this year. This specialized group is dedicated to customized semiconductor development for the Group’s innovative mobilities, achieved through strategic collaborations with various external partners.
Founded in 2016, Tenstorrent focuses on designing and developing advanced processors to accelerate AI and ML workloads. Tenstorrent aims to create efficient and high-performance hardware solutions that enable deep learning at scale.