{"id":421,"date":"2023-08-17T21:15:05","date_gmt":"2023-08-17T11:15:05","guid":{"rendered":"https:\/\/canadianetaapplication.com\/news\/?p=421"},"modified":"2023-08-14T10:01:22","modified_gmt":"2023-08-14T00:01:22","slug":"hyundai-motor-invests-50-million-in-toronto-startup","status":"publish","type":"post","link":"https:\/\/canadianetaapplication.com\/news\/hyundai-motor-invests-50-million-in-toronto-startup\/","title":{"rendered":"Hyundai Motor invests $50 million in Toronto startup."},"content":{"rendered":"<p>Hyundai Motor Company and Kia announced on the 3rd that they recently invested US$50 million in Toronto-based artificial intelligence (AI) semiconductor startup Tensorrent.<\/p>\n<p>This is equivalent to 50% of Tenstorent&#8217;s recent investment of $100 million, with Hyundai Motors investing 30 million and Kia investing $20 million, respectively.<\/p>\n<p>Jim Keller, who is called a &#8216;legend&#8217; in the field of semiconductor design, is the CEO of Tenstorrent.\u00a0It started as a fabless start-up specializing in semiconductor design, and since its establishment in 2016, it has held many AI-related intellectual property rights developed in-house.<\/p>\n<p>Neural network processing unit (NPU) technology, which is essential for commercialization of autonomous driving technology, is a typical example.<\/p>\n<p>Self-driving cars must interpret and judge numerous situations on the road by themselves, and for this, semiconductor technology that processes data in the order of input is required.\u00a0This is different from the central processing unit (CPU).\u00a0While CPUs are specialized in quickly processing serial operations, NPUs perform parallel operations that process multiple data at the same time and focus on cognitive and judgmental functions like the human brain.<\/p>\n<p>CEO Keller led the design of high-performance semiconductors such as &#8216;A-Chip&#8217; used in Apple&#8217;s iPhone and &#8216;Ryzen&#8217;, an AMD PC CPU, and led the design of self-driving semiconductors in Tesla, an electric car.<\/p>\n<p>CEO Keller said, \u201cI have been deeply impressed with Hyundai Motor Group, which has risen to become the world\u2019s third-largest automaker by actively embracing cutting-edge technology.\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hyundai Motor Company and Kia announced on the 3rd that they recently invested US$50 million in Toronto-based artificial intelligence (AI) semiconductor startup Tensorrent. This is equivalent to 50% of Tenstorent&#8217;s recent investment of $100 million, with Hyundai Motors investing 30 million and Kia investing $20 million, respectively. Jim Keller, who is called a &#8216;legend&#8217; in &hellip; <a href=\"https:\/\/canadianetaapplication.com\/news\/hyundai-motor-invests-50-million-in-toronto-startup\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Hyundai Motor invests $50 million in Toronto startup.<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-421","post","type-post","status-publish","format-standard","hentry","category-eta-canada"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Hyundai Motor invests $50 million in Toronto startup. - ETA Canada Travel Pass News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/canadianetaapplication.com\/news\/hyundai-motor-invests-50-million-in-toronto-startup\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hyundai Motor invests $50 million in Toronto startup. - ETA Canada Travel Pass News\" \/>\n<meta property=\"og:description\" content=\"Hyundai Motor Company and Kia announced on the 3rd that they recently invested US$50 million in Toronto-based artificial intelligence (AI) semiconductor startup Tensorrent. This is equivalent to 50% of Tenstorent&#8217;s recent investment of $100 million, with Hyundai Motors investing 30 million and Kia investing $20 million, respectively. 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This is equivalent to 50% of Tenstorent&#8217;s recent investment of $100 million, with Hyundai Motors investing 30 million and Kia investing $20 million, respectively. 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