BREAKING: Darrick Horton, the 28-year-old CEO of TensorWave, has just been named to Forbes’ prestigious 30 Under 30 list in artificial intelligence. This honor marks a significant milestone for the Las Vegas tech founder as he leads his company towards an ambitious goal of deploying one million GPUs.
URGENT UPDATE: TensorWave, founded in 2023, is rapidly gaining traction in the highly competitive AI infrastructure sector, which is currently dominated by Nvidia. Horton’s recognition by Forbes underscores his innovative approach to AI solutions, particularly his commitment to AMD-first technology.
In a landmark achievement, TensorWave has successfully raised $100 million in a Series A funding round, spearheaded by Magnetar and AMD Ventures. This funding is one of the largest early-stage rounds in Nevada, significantly boosting the company’s operational capacity.
Horton told reporters that the funds will be directed towards hiring more talent and expanding GPU clusters across multiple data centers. The company currently employs around 100 people, with half of its workforce based in Las Vegas. Horton aims to increase GPU capacity tenfold in the coming year, targeting 100,000 GPUs in deployment with an eye on reaching an unprecedented one million GPUs.
DEVELOPING NEWS: The rapid expansion of TensorWave reflects not only its growth strategy but also the support it receives from state incentives. The company has secured $210,000 in tax abatements, projecting a capital investment of $1 million and an impressive $26 million in new tax revenue over the next decade. These incentives are part of Nevada’s broader efforts to attract high-tech industries to the region.
With the tech landscape in Las Vegas evolving beyond gaming and hospitality, Horton’s focus on AMD’s memory-rich GPUs positions TensorWave uniquely in the market. The company asserts that these GPUs provide significant advantages for training large models, enabling them to compete effectively with traditional cloud providers reliant on Nvidia technology.
WHAT TO WATCH NEXT: Horton maintains that accolades like the Forbes recognition do not dictate customer decisions. Instead, TensorWave’s immediate priority is converting its newly acquired capital into operational capabilities and forging enterprise relationships.
As the company embarks on this ambitious journey, industry observers will closely watch TensorWave’s progress towards its hiring goals, GPU deployments, and its ability to attract business from Nvidia-dominated suppliers.
The unfolding story of Darrick Horton and TensorWave is not just a tale of innovation but a beacon of hope for the burgeoning tech scene in Las Vegas. As the company continues to expand, it solidifies the city’s position as a rising hub in the AI infrastructure sector.
Stay tuned for further updates on TensorWave’s trajectory and its impact on the local economy and job market.
