TensorWave, a data center provider focusing on AMD hardware, has raised $100 million to enhance its infrastructure, totaling $146.7 million raised overall. Despite industry challenges, including rising costs due to tariffs and investor concerns over capacity, TensorWave projects a remarkable growth trajectory, with expected revenue exceeding $100 million this year. The funding will support the expansion of its AMD GPU clusters and workforce, aiming to establish TensorWave as a competitive player in AI cloud services.
"This $100 million funding propels TensorWave's mission to democratize access to cutting-edge AI compute. Our 8,192 Instinct MI325X GPU cluster marks just the beginning..."
"Investors are also wary of such projects accumulating too much capacity, particularly as the number of cheap AI services continues to grow."
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