<ul><li>AI chip startup Tenstorrent has raised $693 million in a Series D funding round at a pre-money valuation of $2 billion.</li><li>The funding round was led by Samsung Securities and AFW Partners, with participation from notable investors including LG Electronics, Hyundai Motor Group, and Fidelity Management & Research Company.</li><li>Tenstorrent aims to disrupt Nvidia's hold on the chip silicon market by providing more affordable hardware for AI training and deployment.</li><li>The company focuses on interoperable hardware design and uses open-source RISC-V processor architecture to allow customers to customize silicon for their specialized use.</li></ul>

AI chip startup Tenstorrent raises $693M, deepening rivalry with Nvidia

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