EssilorLuxottica Bets on AI-Powered Smart Glasses as Competition Intensifies 
Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 
Asian Currencies Steady as Fed Delivers Hawkish Rate Cut; Aussie and Rupee Under Pressure 
Evercore Reaffirms Alphabet’s Search Dominance as AI Competition Intensifies 
Fed’s Dovish Tone Sends Dollar Lower as Markets Price In More Rate Cuts 
Trump’s Approval of AI Chip Sales to China Triggers Bipartisan National Security Concerns 
SpaceX Edges Toward Landmark IPO as Elon Musk Confirms Plans 
Gold Prices Hold Firm as Markets Await Fed Rate Cut; Silver Surges to Record High 
U.S. Dollar Slides for Third Straight Week as Rate Cut Expectations Boost Euro and Pound 
Brazil Holds Selic Rate at 15% as Inflation Expectations Stay Elevated 
Air Transat Reaches Tentative Agreement With Pilots, Avoids Strike and Restores Normal Operations 
Ireland Limits Planned Trade Ban on Israeli Settlements to Goods Only 
Trello Outage Disrupts Users as Access Issues Hit Atlassian’s Work Management Platform 
US Signals Openness to New Trade Deal as Brazil Shows Willingness, Says USTR Greer 
Asian Stocks Slip as Oracle Earnings Miss Sparks AI Profitability Concerns 
Rio Tinto Signs Interim Agreement With Yinhawangka Aboriginal Group Over Pilbara Mining Operations 
LG Electronics announced on Wednesday, May 31, that it has teamed up with a Canada-based AI computing startup called Tenstorrent. They will cooperate to develop next-generation chips that may power the former’s home appliances and automotive products.
Yonhap News Agency reported that the cooperation is expected to improve AI-enhanced features and high-performance computing in the South Korean electronics company’s premium TVs, high-performance semiconductors for vehicles, and other smart products that will be made in the future. The chips will also be used for data center products of Tenstorrents.
To be more specific, LG Electronics and Tenstorrent are working together to build a new generation of RISC-V, AI, and video codec chiplets. Under the agreement, the Toronto-headquartered next-generation computing company will supply artificial intelligence (AI) and RISC-V CPU technology to LG.
Reuters mentioned that initially, the electronics firm will utilize Tenstorrent's AI chip design to make its own chips. Later on, the two companies will work more deeply on other projects.
"It is increasingly important for industry leaders to own their silicon future," Tenstorrent’s chief executive officer, Jim Keller, said in a press release. "LG is a giant in our industry, and this collaboration will strengthen their portfolio of technologies for their future chip solutions, providing greater flexibility to differentiate their products."
LG Electronics’ chief technology officer, Kim Byoung Hoon, also commented, "This collaboration is just a beginning and Tenstorrent's market-leading AI and RISC-V CPU technologies will strengthen SoC competitiveness of LG's future products while our long-time proven video codec technology will help Tenstorrent take control of data center high-performance processor markets."
Kim further added that LG Electronics and Tenstorrent will share technology roadmaps and keep expanding the scope of their collaboration. Tenstorrent is a startup that was only established in 2016. It mainly builds computers for AI, and its CEO previously worked for Apple and AMD. Jim Keller was the lead designer of the AMD K8 microarchitecture and also participated in the designing of Apple A4/A5 processors.
Photo by: LG Newsroom
