AI infrastructure firm TensorWave raises $100 million in latest funding
A message reading "AI artificial intelligence", a keyboard, and robot hands are seen in this illustration taken January 27, 2025. REUTERS/Dado Ruvic/Illustration
(Reuters) -TensorWave, a Las Vegas-based startup, announced on Wednesday that it has secured $100 million in the latest funding round, as it aims to capitalize on the rapidly expanding AI infrastructure market.
The company, however, did not disclose the valuation at which the funding was raised.
The Series A funding round was led by Magnetar and AMD Ventures along with participation from existing partners, including Maverick Silicon and Nexus Venture Partners, and new investor Prosperity7.
With the growing demand for AI computing resources, companies such as TensorWave are emerging as key players by offering the tools and infrastructure required to efficiently train AI models and optimize workloads.
"The funding comes at a time when the AI infrastructure market is experiencing unprecedented growth, with recent industry reports projecting the AI infrastructure market to exceed $400 billion by 2027", the company said.
With the latest fundraise, the startup plans to scale operations, expand its team and accelerate the deployment of AMD-powered GPU clusters tailored for AI model training.
"This $100M funding propels TensorWave's mission to democratize access to cutting-edge AI compute," said TensorWave CEO Darrick Horton.
(Reporting by Priyanka.G in Bengaluru; Editing by Vijay Kishore)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
25 minutes ago
- The Star
Factbox-How Tesla's robotaxi efforts stack up against Waymo and Zoox
A Tesla robotaxi with no backseat passengers drives on the street along South Congress Avenue in Austin, Texas, U.S., June 22, 2025. REUTERS/Joel Angel Juarez (Reuters) -Electric car maker Tesla started a trial of its long-awaited robotaxi service in Austin, Texas, on Sunday, the first step toward what could be a showdown with Alphabet's Waymo, the only player currently offering fully autonomous paid rides in the United States. Tesla Chief Executive Elon Musk has started off with about 10 Model Ys and promised to focus on safety. He says Tesla could scale quickly, and he plans a separate robotaxi vehicle. Social media influencers were seen booking and taking rides in the robotaxis in several Austin locations on Sunday, according to videos reposted by Musk. Here is how Tesla's cybercab efforts compare with those of Waymo and Zoox, which is preparing its own commercial launch: LOCATIONS VEHICLE DESIGN AND TECHNOLOGY Feature Waymo Tesla Zoox Vehicle Type Jaguar I-Pace Model Y Custom built bidirectional pod Steering Yes Yes in No wheel current test Autonomous LiDAR, cameras, Cameras LiDAR, technology radars cameras, radars Autonomy Level 4 - Testing Level Testing Level level autonomous 4 4 within limits Launch of 2018 2025 Expected paid service later in 2025 Teleoperatio Yes Yes Yes n - human guidance or control Rides/vehicl More than About 10 More than 20 es 250,000 rides a vehicles vehicles in week testing phase (Reporting by Zaheer Kachwala in Bengaluru; Editing by Chris Reese)
The Star
39 minutes ago
- The Star
Ratings, reviews and riddles: What's the deal with online reviews?
One of the first things that online shoppers usually search for when looking to buy something is user reviews. Rows upon rows of stars, scores, and ratings that are meant to guide and inform each and every purchase can in reality turn out to be far less useful than hoped for these days. From Malaysia Cyber Consumer Association (MCCA) deputy president Azrul Zafri Azmi's perspective, reviews remain very relevant to Malaysian consumers, especially when it comes to things like ordering from e-commerce platforms or deciding on where to eat. According to him, studies have shown that 71% of Malaysians take reviews into account before making an online purchase. However, he says that there are still some clear underlying issues when it comes to online reviews in Malaysia. 'The challenge now is not access to reviews, but how authentic and reliable they are. 'Honestly, trust has dropped a bit in recent years. Some consumers have started to question reviews that sound too generic or too perfect. 'We're seeing more fake reviews, incentivised ones, and even copy-pasted feedback across listings. These trends make it harder for genuine reviews to stand out,' Azrul Zafri says. Tainted trust This rings true for KL-based auditor Lee Xien Wen, an avid online shopper who says he has encountered everything from irrelevant and unhelpful reviews to ones he suspects are outright fake. 'Some of the reviews would say things like, 'Looks pretty, haven't tried it yet', often repeated in different languages. 'It makes me think they're just trying to earn points or rewards, or could even be fake reviews generated by bots. 'If I see too many like that, I usually avoid the seller or brand altogether and look for a different option,' he says, adding that this has led him to prefer official seller pages for products rather than third parties' pages, and to look for user-posted product review videos that appear to be more genuine. From Azrul Zafri's point of view, reviews being left on e-commerce platforms solely to obtain rewards, without any helpful information for other potential buyers, undermine the purpose of reviews entirely. From Azrul Zafri's point of view, reviews being left on e-commerce platforms solely to obtain rewards, without any helpful information for other potential buyers, undermine the purpose of reviews entirely. — AZRUL ZAFRI AZMI 'This is a big issue. It's unethical, and more importantly, it misleads others. Some platforms give coins or points for every review, which unintentionally encourages this behaviour. 'When users rate a product they haven't even tried, it defeats the whole purpose of helping other consumers make better choices,' he says. According to Azrul Zafri, those leaving such reviews may not fully understand the impact of what they are doing, which in the long run 'damages the system that all of us rely on – and genuine buyers end up getting misled', he adds. An April 2025 statement from the Mufti of Federal Territory's Office (FT Mufti) similarly states that leaving false reviews or ratings for products purchased on e-commerce platforms without using them or examining their quality is an act of deception, which is prohibited or 'haram'. The FT Mufti further states that any rewards obtained through disingenuous reviews are also considered 'haram' and should be left unused until their expiry. Azrul Zafri further notes that there are also restaurants that offer discounts or free items in exchange for five-star ratings on platforms like Google, which he believes is problematic. 'I think encouraging reviews is fine – but when businesses tie rewards specifically to five-star ratings, it becomes manipulative. 'It's no longer about feedback; it's about boosting ratings unfairly. It also puts pressure on customers to give high scores, whether they mean it or not,' he says. Confusing mix Concerns have also been raised about e-commerce platform features that aggregate reviews on similar items within the same product category from other listings across the site. Azrul Zafri says that the aggregated reviews might not even refer to the exact same product, potentially misleading buyers. 'When reviews from different sellers or product variants are lumped together, consumers may think they're looking at feedback for the exact item they're buying – when they're not. 'That creates confusion, especially if one seller has poor service or quality,' he says. Shoppers like Lee point out that reviews from other sellers are not indicative of how responsive or reliable a specific seller may be, while sellers like Fithry Akbar Ali feel that the feature is unfair, as it took them years to build a strong reputation, with newer sellers benefiting from the pool of existing reviews that they did not earn. Fithry Akbar operates an online shop primarily centred around video games. 'I've encountered new competitors who just started selling similar products as myself and others, but noticed their product has over 500 reviews, despite it being a new listing. 'It completely kills off years and years of reviews built by original sellers. Buyers would then simply buy from these new sellers, thinking their product is trustworthy and reliable due to the high ratings,' he says. He also highlights the possibility of counterfeit product listings being associated with real ones due to being furnished with aggregated reviews, which could further mislead consumers into buying fake products. Fake reviews have become a significant concern across e-commerce platforms, especially overseas, according to various reports. — Image by freepik In a statement to LifestyleTech, a Shopee spokesperson addressed these concerns, stating that the intended purpose of such aggregated reviews is to provide assistance to new sellers and product listings. 'This feature only lasts for seven calendar days from the time of a new listing creation, after which sellers will have to rely on themselves to get good reviews. 'All such reviews are clearly marked within the app as 'Similar Product'. These Similar Product Reviews provide helpful product context for newer listings, but they do not replace the seller's effort in earning buyer trust,' it says. The e-commerce platform adds that it is not a replacement for other metrics such as store ratings, fulfilment speed, and chat responsiveness, which individual shops must still earn independently. 'Through this feature, we aim to promote fairer competition on the platform, prioritising quality, value, and service instead of legacy seller reputation alone. 'New or smaller sellers with strong offerings benefit from a level playing field, while buyers enjoy a broader range of trusted options. 'Building consumer trust and providing fair opportunities for sellers remain top priorities for Shopee,' it says. Filtering fakes The platforms themselves say that they have mechanisms in place to ensure that reviews left by customers are authentic. For instance, Lazada says in a statement to LifestyleTech that it uses 'AI (artificial intelligence) to guide users in writing more informative reviews, prompting them to comment on key aspects such as durability, design, and functionality. 'To encourage authentic user-generated content, Lazada offers LazCoins as incentives – with the highest coin rewards granted only to reviews that meet minimum word counts and include supporting visuals like photos or videos. 'We continuously moderate our review platform and take proactive steps to reduce unhelpful or suspicious reviews,' it says. The e-commerce platform adds that it also uses AI and performs manual checks of reviews to detect 'inauthentic patterns' and flags certain high-quality ones as 'Quality Reviews'. Meanwhile, the Shopee spokesperson says only customers who have actually purchased a product are able to leave reviews. 'Shopee takes a serious view of fake ratings or reviews. Under Shopee's Terms of Service, sellers must not take any action that undermines Shopee's feedback or rating system. 'Users found to be engaging in manipulative activities will face a range of penalties, including having their accounts frozen or being permanently banned on our platform. 'Consumers who are concerned they may have bought products based on fake ratings and reviews can report such products to Shopee for our investigations. They may also raise a Return/Refund request to get a refund for their purchase,' the spokesperson says. Both platforms allow users to further indicate if specific reviews are 'helpful' to boost their visibility to others as well. While Azrul Zafri acknowledges the efforts being made by the platforms, he says that more can still be done. 'Platforms need better filters for fake or copy-paste reviews, and they should educate users more clearly on review ethics,' he adds. Fake reviews have become a significant concern across e-commerce platforms, especially overseas, according to various reports. Most recently, the United Kingdom's Competition and Markets Authority (CMA) obtained a formal commitment from Amazon earlier this month to address fake reviews and 'catalogue abuse', which is a practice where sellers repurpose existing product listings to sell unrelated or lower-quality items by misleading consumers, following a four-year probe. This commitment comes in the form of faster detection systems, prompt removal of fraudulent reviews, and imposing bans on offending sellers and reviewers. Travel planning and booking platform, TripAdvisor, similarly reported a slew of fake reviews on its website in 2024. Based on figures from the website's 'Transparency Report 2025', 8% of the 31.1 million reviews it received that year were fake. This includes manipulative reviews meant to 'boost' a location or business's reputation, vandalism from a competitor, promotions of unrelated services or agendas, and paid reviews. Quest for quality Azrul Zafri advises that Malaysians treat reviews as a starting point and to be savvier consumers by looking beyond surface-level star ratings. He also recommends that shoppers be wary of overly generic comments and to try to find more detailed feedback instead. 'Reviews help, but they're not the full story. These days, I always tell people: don't just stop at star ratings. Take a bit of time to really get to know what you're buying. 'First, it's good to check the same product across different platforms – Shopee, Lazada, TikTok Shop – because sometimes the listings look the same but the sellers or the prices are very different. If it looks too cheap to be true, chances are... it probably is. 'Also, I personally like to watch quick (video) reviews. Even a short video can show how the item looks, how it's used, or what people honestly think about it – that's often more helpful than a wall of copy-paste reviews. 'Another good tip is to read comments in Facebook groups or forums. Malaysians are quite active online, and you'll often find people sharing real experiences – both good and bad – especially when a product disappoints or doesn't match expectations. 'Spend a few extra minutes doing a quick check, and it can save you from a lot of regret later,' he says. Azrul Zafri also believes that some form of light regulation by the Malaysian government would be helpful in facilitating a better e-commerce environment for local consumers. This would serve not to police opinions, but instead to ensure transparency. He suggests introducing a code of conduct for platforms to clearly define what is permitted, what isn't, and how to handle cases of abuse. He adds that ideally, this should be developed with input from the Malaysian Communications and Multimedia Commission, relevant ministries, and civil society. 'Just like we've done with cybersecurity and online scams, we need to promote digital literacy and ethics – especially among students and young adults. 'I think it should be a joint effort between government, NGOs like MCCA, schools, and even the platforms themselves,' he says.
Barnama
an hour ago
- Barnama
Top News Headlines In Indonesia, Laos, Myanmar, Singapore & Vietnam: June 23, 2025
The Indonesian government has strongly condemned a Canadian-based website for listing several islands within Indonesia's territory for sale, declaring the practice illegal and misleading. Minister of Agrarian Affairs and Spatial Planning Nusron Wahid said Sunday that no private ownership or sale of entire islands is permitted under Indonesian law, following reports that Private Islands Inc., a website based in Ontario, Canada, was advertising islands in Indonesia to international buyers. State asset fund Danantara is stepping in to provide capital support for state-owned enterprises (SOEs), marking a shift away from direct state-funded injections. While the move is expected to ease the fiscal burden, experts have raised concerns about a potential lack of transparency. MEKONG RIVER ENVIRONMENT -- VIENTIANE TIMES The United Kingdom and the Mekong River Commission partnership will strengthen climate resilience efforts and improve water resource management in Laos. The partnership will enhance regional climate adaptation, water governance, and biodiversity protection. This will benefit communities across the Lower Mekong Basin. 2. LAO TO BE SELF-SUFFICIENT ECONOMY -- VIENTIANE TIMES Prime Minister Sonexay Siphandone urged provinces to increase domestic food production and reduce imports. The move is to promote a self-reliant economy and transition from a consumer society to a production-oriented market. MYANMAR FOR LOWLAND COFFEE GROWERS -- THE GLOBAL NEW LIGHT OF MYANMAR The government will provide technology to families interested in growing coffee on a small scale or for commercial purposes in lowland areas where coffee is widely grown. Authorities are trying to promote more lowland organic coffee cultivation, mostly robusta and liberica varieties. EXPERTS TO FIX DAMAGED BUILDINGS -- THE GLOBAL NEW LIGHT OF MYANMAR Chinese cultural heritage preservation experts have completed the inspection of ancient buildings damaged by the earthquake in the Mandalay region. They also discussed with Myanmar authorities regarding renovation of damaged heritage buildings, repair processes and long-term plans. SINGAPORE 1.'SAFETY FOREMOST IN OUR MINDS': FAISHAL IBRAHIM REASSURES SINGAPOREAN STUDENTS IN THE MIDDLE EAST -- THE STRAITS TIMES The Government is monitoring developments in the Middle East closely and is working with the Islamic Religious Council of Singapore (Muis) and the Ministry of Foreign Affairs to remain in touch with Singaporean students in the region. THREATENS US BASES IN RESPONSE TO STRIKES ON NUCLEAR SITES -- CNA/AFP Iran on Sunday (Jun 22) threatened US bases in the Middle East after massive air strikes that Washington said had destroyed Tehran's nuclear programme, though some officials cautioned that the extent of damage was unclear. VIETNAM POLICY OFFERS HIGHER LOANS FOR FARMERS -- VIETNAMPLUS Farmers are allowed to borrow up to about RM51,000 (US$12,000) starting July 1 without any collateral. The new policy is to promote agriculture and rural development and also simplifies loan applications for farming communities. CHI MINH TO HOST TAEKWONDO TOURNAMENT -- VIETNAMPLUS Vietnam will host the international CJ 2025 Taekwondo Tournament in Ho Chi Minh City from June 26–29. This is the first time that Vietnam is holding a G1-level tournament where more than 100 athletes from 15 countries will participate. -- BERNAMA BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies. Follow us on social media : Facebook : @bernamaofficial, @bernamatv, @bernamaradio Twitter : @ @BernamaTV, @bernamaradio Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial TikTok : @bernamaofficial
