Shulou(Shulou.com)11/24 Report--

According to foreign media reports, Hyundai Automobile Group, which has invested 1.3 trillion won in start-ups in areas such as self-driving, artificial intelligence and electrification from 2017 to the first quarter of this year, is still investing in start-ups, and they have announced a strategic investment in Tenstorrent, a start-up in the field of artificial intelligence semiconductors.

Hyundai Motor Group announced on its website on Thursday that it would invest $50 million in Tenstorrent, funded by its Hyundai Motor and Kia, which provided $30 million and $20 million.

Hyundai Motor Group's investment of $50 million means that they will become major investors in Tenstorrent's new round of financing, with a total of $100 million in Tenstorrent's new round of financing.

Tenstorrent, an artificial intelligence semiconductor company headquartered in Toronto, Canada, was founded in 2016 to focus on processors that accelerate artificial intelligence and machine learning loads. A new round of financing of $100m will accelerate Tenstorrent's design and development of artificial intelligence chips and machine learning software.

Hyundai Motor Group invested $50 million in Tenstorrent to take a fancy to their artificial intelligence technology, a strategic investment that will enable them to integrate Tenstorrent's artificial intelligence into Hyundai, Kia and Genisseth vehicles, as well as into future products including robots and air vehicles.

With the improvement of automobile intelligence, especially the development of self-driving technology, Hyundai Automobile and other manufacturers, which have worked in the automobile field for many years, are increasing their investment in artificial intelligence and investing in start-up companies. it's one of the ways they lay out artificial intelligence.

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