Fonterra Admits Anchor Butter "Grass-Fed" Label Misled Consumers After Greenpeace Lawsuit 
Trump Claims Iran Sought Ceasefire as Middle East War Escalates 
Rubio Directs U.S. Diplomats to Use X and Military Psyops to Counter Foreign Propaganda 
Federal Judge Blocks Pentagon's Blacklisting of AI Company Anthropic 
U.S. Job Market Braces for Slow Recovery Amid Middle East Tensions and Economic Uncertainty 
NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission 
Annie Altman Amends Sexual Abuse Lawsuit Against OpenAI CEO Sam Altman 
Bank of Japan Eyes Further Rate Hikes Amid Middle East Tensions and Inflation Pressures 
Cathay Pacific Holds Firm on Flight Capacity Amid Middle East Conflict and Rising Fuel Costs 
AWS Bahrain Region Disrupted by Drone Activity Amid Middle East Conflict 
Japan Signals Readiness to Intervene as Yen Weakens Toward 160 Per Dollar 
U.S. Warplane Shot Down by Iran Amid Escalating Middle East Conflict 
China's Energy Resilience Shields Economy From Global Oil Shock, Goldman Sachs Says 
Private Credit Under Pressure: Is a Slow-Motion Crisis Unfolding? 
Eli Lilly and Insilico Medicine Forge $2.75 Billion AI-Driven Drug Discovery Deal 
Elon Musk Ties SpaceX IPO Access to Mandatory Grok AI Subscriptions 
Microsoft's $10 Billion Japan Investment: AI Infrastructure and Data Sovereignty Push 
Hyundai Motor revealed it joined forces with a Canadian AI chip manufacturing startup, Tenstorrent. The South Korean automaker said it has invested in the Toronto-based artificial intelligence semiconductor company so it can install AI into future models of Hyundai Motor, Genesis, and Kia vehicles.
Hyundai Motor’s strategic investment in Tenstorrent also includes the use of AI chips for other future mobilities such as advanced air mobility (AAM) and robotics. According to The Korea Herald, the company put in $50 million in the chip startup.
The Korean firm said on Thursday, Aug. 3, that together with Tenstorrent, it will co-develop AI semiconductor products for robotics, self-driving cars, and AAM. It is also aiming to bring in key technologies for future mobility.
The automaker is planning to scale up its automotive chip technology for use in vehicles it will manufacture in the future. It is looking to make autonomous driving vehicles that will require AI chips to operate. Such chips run on neural processing units (NPU), which refers to a processor made especially for deep learning algorithms computing.
“Tenstorrent’s high growth potential and high-performance AI semiconductors will help the Group secure competitive technologies for future mobilities,” Hyundai Motor Group’s executive vice president and head of the global strategy office, Kim Heung Soo Kim, said in a press release. “With this investment, the Group expects to develop optimized but differentiated semiconductor technology that will aid future mobilities and strengthen internal capabilities in AI technology development.”
Tenstorrent’s chief executive officer, Jim Keller, added, “The trust in Tenstorrent shown by Hyundai Motor Group leading our round is truly humbling. It has been impressive watching Hyundai Motor Group become the third largest automaker in the world through their aggressive adoption of technology including their acquisition of Boston Dynamics, their joint venture with Aptiv, and now their investment in us.”
Photo by: Hyundai Motor Media Center
