June 1, 2023
1 min read

LG teams up with Canadian startup for AI chips

The collaboration is expected to boost “AI-enhanced features and high-performance computing in LG’s future premium TVs…reports Asian Lite News

LG Electronics and Canadian AI computing startup Tenstorrent said on Wednesday they are working together to develop next-generation chips that could potentially power the South Korean tech company’s smart consumer appliances and automotive products.

Tenstorrent, founded in 2016, builds computers for artificial intelligence (AI). CEO Jim Keller is a microprocessor engineer, best known for his work at AMD and Apple, reports Yonhap news agency.

The collaboration is expected to boost “AI-enhanced features and high-performance computing in LG’s future premium TVs, high-performance automotive chips and other smart products,” the Toronto-based tech company said.

“This collaboration is just the beginning. Tenstorrent’s market leading AI and RISC-V CPU technologies will strengthen SoC competitiveness of LG’s future products, while our longtime proven video codec technology will help Tenstorrent take control of data center high-performance processor markets,” said Byoung-hoon Kim, CTO of LG.

“Chiplets will be tested through this collaboration to see whether they can become a technology platform of collaboration. Tenstorrent and LG will share technology road maps and keep extending the scope of collaboration,” Kim added.

LG has stepped up its efforts to diversify its business portfolio in recent years, aggressively advancing into the electric vehicle (EV) component business, robotics and EV charging services, among others.

Its shares hit a 52-week high to close at 124,900 won on Tuesday over the rosy growth prospects for its future businesses.

ALSO READ: Faith & Culture drive Sikh Entrepreneurs

Previous Story

ENOC Group goes on an expansion spree

Next Story

Nvidia joins the $1 trillion club

Latest from Business

India Dominates Global Digital Banking List

Indian banks have observed the most notable gains in day-to-day banking (+9.8 pp) and expanding relationships (+3.4 pp)….reports Asian Lite News As many as 9 Indian banks have been recognised as ‘Digital

India Tops Global Growth Charts Again

India Retains Top Spot as Fastest-Growing Economy, Only Major Nation to Exceed 6%…reports Asian Lite News India remains the world’s fastest-growing major economy and the only nation projected to achieve over 6%
Go toTop

Don't Miss

India for inclusion of Global South as world shapes future of AI

The Union minister met Viscount Camrose, UK’s Minister of AI

EU lawmakers approve law to limit use of AI

Companies such as OpenAI that produce powerful, complex and widely