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AMD Ventures shares TensorWave

TechCrunch

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TensorWave thinks it can break Nvidia's grip on AI compute with an AMD-powered cloud | TechCrunch

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TensorWave is launching a cloud that only offers access to hardware from AMD for AI workloads.

The cloud rents GPU capacity by the hour , and requires a minimum six-month contract.

The company is headquartered in Las Vegas , an unusual choice of city for a cloud infrastructure startup.

AMD 's MI300X is significantly cheaper than Nvidia ’s most popular GPU for AI workloads at present, the H100 .

To beat the more competitive H100 plans, TensorWave would have to come under ~$2.50 per hour .

AMD 's next-gen AI chips are scheduled to be released as early as November/December .

Nexus VP , Maverick Capital , StartupNV, Translink Capital , and AMD Ventures lead the $43 million round.

The tranche — TensorWave ’s first — values the startup at $100 million post-money.

AMD Ventures SVP Matthew Hein : “We are excited to support their growth through this latest round of funding”.

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External references

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