Core Insights - Tenstorrent, led by Jim Keller, has achieved a valuation of $3 billion in its recent funding round, focusing on scalable AI accelerators for cloud and edge computing [2] - The company is developing RISC-V CPUs and plans to license its designs to other entities, utilizing open-source technologies to reduce costs associated with high-bandwidth memory [2][3] - The first chip, Tensix processor, is produced in collaboration with GlobalFoundries and features a grid-based architecture for efficient tensor computation [4] Product Development - The Grayskull processor, Tenstorrent's first Tensix processor, simplifies programming and enhances scalability, featuring up to 120 Tensix cores and supporting various AI precision formats [3] - The Wormhole variant of Grayskull reduces the number of cores to 80 but increases SRAM capacity and adds support for more precision formats, with a local memory capacity of 12GB GDDR6 [3][4] - Tenstorrent's RISC-V CPU, Ascalon, is set to compete with Arm's Neoverse V2 and V3, with performance metrics of 10 to 20 SPECint2006/GHz [5] Market Strategy - Tenstorrent is focusing on IP licensing, with existing clients including LG and Hyundai, and aims to allow customization of its cores, which is uncommon in the industry [4][5] - The company plans to release new core generations every 18 months, with the next generation, Babylon, expected to enhance performance and efficiency [7] - Tenstorrent is exploring markets in industrial and medical sectors, which have traditionally been overlooked by competitors like Arm [7] Technological Advancements - The upcoming Tensix-Neo core adopts a cluster architecture for improved area efficiency and utilization, allowing for more modular and flexible designs [8][10] - Customers will have the option to customize certain parameters while Tenstorrent manages more complex configurations, offering innovative licensing for those interested in deeper customization [10]