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

Previous Story

ENOC Group goes on an expansion spree

Next Story

Nvidia joins the $1 trillion club

Latest from Business

Google announces $15 billion investment in Malaysia

The investment will fund new data centres, support more than 37,000 jobs annually during construction and strengthen Malaysia’s position as a regional AI and technology hub….reports Asian Lite News Desk Google has

AI bubble fears grow as Gita Gopinath flags risks

Former IMF chief economist Gita Gopinath has warned that the global AI investment boom could face a significant correction as companies struggle to justify soaring valuations and massive spending….reports Asian Lite News

Ambani’s Jio launches $3.2bn share sale in India

Jio Platforms, the digital and telecommunications business controlled by Mukesh Ambani’s Reliance Industries, has launched a $3.2 billion initial public offering, expected to become India’s largest share sale. The offering comes amid

Cyber Chiefs Urge Urgent PHP Security Update

Cybersecurity agencies in the UK, EU and Australia have warned organisations to install critical PHP security fixes immediately or consider taking vulnerable websites offline amid reports of emerging attacks, reports Asianlite News
Go toTop

Don't Miss

Microsoft to unveil GPT-4 next week with AI videos

ChatGPT and other GPT-3.5-powered technologies are currently limited to text-based

Sunak hosts global leaders’ meet on AI

Sunak and other leaders have increasingly joined the industry itself