TensorWave thinks it can break Nvidia’s grip on AI compute with an AMD-powered cloud
SMRTR summary
Nvidia's GPU sales fueled $30 billion in revenue last quarter, driven by AI demand. TensorWave, a new cloud startup, aims to challenge Nvidia's dominance by offering AMD GPUs for AI workloads, securing $43 million in funding and reaching a $100 million valuation. The company expects $25 million in annual revenue by year-end.
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