TensorWave, a Las Vegas-based cloud-computing startup, rejects Nvidia's dominance in AI infrastructure and has secured a $1.55 billion valuation in its latest funding round.

TensorWave closed a $100M Series A co-led by AMD Ventures and Magnetar, deploying 8,192 AMD MI325X GPUs as it targets multi-gigawatt AI infrastructure

AMD-powered cloud startup TensorWave has raised $350M led by AMD and Magnetar at a $1.55bn valuation, nearly four times its worth a year ago, to challenge Nvidia.