Tenstorrent, an AI chip company, raises $100 million from Hyundai and Samsung in an effort to challenge Nvidia’s chip supremacy.

Tenstorrent, a Canadian firm, has received $100 million in financing from Hyundai, Samsung, and Kia to challenge Nvidia’s supremacy.

The freshly received money is structured as debt that will be converted into stock later.

His tenure at Tenstorrent represents a comeback to the automotive technology business.