TensorWave, an AI cloud provider exclusively using AMD GPUs, has closed a $350 million Series B funding round at a...

TensorWave, an AI cloud provider exclusively using AMD GPUs, has closed a $350 million Series B funding round at a $1.55 billion valuation (DataCenterDynamics). The company will use the capital to expand its global AMD-powered AI infrastructure, directly increasing demand for AMD's MI-series accelerators. This follows AMD's claim that it hit its 2030 earnings target two years early (Yahoo Finance), underscoring its financial momentum. Additionally, AMD has shared estimated benchmarks showing its upcoming 256-core Zen 6 'Venice' CPU outperforming Nvidia's Vera by 3.3x in rack-level workloads (Tom's Hardware). The vLLM inference framework has also added quantized inference support for AMD Zen CPUs (GitHub release v0.22.1), improving software ecosystem readiness. Together, these events point to growing customer commitment and competitive positioning for AMD in AI, likely accelerating capital deployment and market share gains.