Canadian AI Startup Tenstorrent Teams Up with Samsung to Produce Advanced AI Chip, Quasar
Portfolio Pulse from Anusuya Lahiri
Canadian AI chip startup Tenstorrent has partnered with Samsung's contract chip manufacturing division to produce a new AI chip, Quasar. The partnership comes after a $100 million capital raise in which Samsung and Hyundai Motor Co invested in Tenstorrent. The company is focusing on data centers and exploring opportunities in diverse markets, including the automotive sector. Samsung has also reportedly won a contract to supply advanced memory chips to Nvidia.
October 02, 2023 | 5:56 pm
News sentiment analysis
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NEUTRAL IMPACT
AMD's x86 technology competes with Tenstorrent's RISC-V technology.
AMD's x86 technology competes with Tenstorrent's RISC-V technology. The impact on AMD's stock will depend on how well Tenstorrent's technology performs in the market.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Arm's technology competes with Tenstorrent's RISC-V technology.
Arm's technology competes with Tenstorrent's RISC-V technology. The impact on Arm's stock will depend on how well Tenstorrent's technology performs in the market.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Intel's x86 technology competes with Tenstorrent's RISC-V technology.
Intel's x86 technology competes with Tenstorrent's RISC-V technology. The impact on Intel's stock will depend on how well Tenstorrent's technology performs in the market.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Nvidia could benefit from Samsung's advanced memory chips to meet the surging AI demand.
If the reports are accurate, Nvidia's receipt of advanced memory chips from Samsung could enhance its AI capabilities and help it meet the increasing demand for AI, potentially leading to increased revenues and a positive impact on its stock.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 70
POSITIVE IMPACT
Samsung's partnership with Tenstorrent and contract with Nvidia could boost its position in the AI chip market.
Samsung's partnership with Tenstorrent and its reported contract with Nvidia could strengthen its position in the AI chip market, potentially leading to increased revenues and a positive impact on its stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90