UPDATE: Las Vegas tech innovator Darrick Horton has just been named to Forbes’ 30 Under 30 list in artificial intelligence, marking a significant milestone for his company, TensorWave. The 28-year-old CEO’s recognition comes as the company ramps up its expansion plans, aiming to revolutionize the AI infrastructure landscape.
In a bold move, TensorWave has secured a staggering $100 million in Series A funding, primarily from Magnetar and AMD Ventures. This funding round is one of the largest of its kind in Nevada, setting the stage for ambitious growth. Horton emphasized that while the Forbes accolade is appreciated, the company’s primary focus remains on deploying technology and securing customers.
Just launched in 2023, TensorWave is already making waves in the high-performance computing market. The company has unveiled plans to expand its GPU capacity tenfold within the next year, targeting an astonishing 100,000 GPUs in deployment, with a long-term goal of reaching one million GPUs, a feat Horton describes as unprecedented.
TensorWave’s commitment to AMD technology distinguishes it from competitors like Nvidia. Horton explained that AMD’s memory-rich GPUs provide distinct advantages for training extensive AI models, enabling the company to offer competitive pricing to enterprise clients.
The company’s rapid expansion includes a new office at Town Square in Las Vegas, where around half of its 100 employees are based. This move supports a hiring surge, with TensorWave leveraging Las Vegas’s talent pool and cost advantages to fuel its operational growth.
In terms of financial incentives, TensorWave has received $210,000 in tax abatements from state economic-development officials. The company projects a capital equipment investment of $1 million and anticipates generating approximately $26 million in new tax revenue over the next decade. These incentives align with Nevada’s broader strategy to attract high-tech employers and bolster the local economy.
While Horton acknowledges the technical and logistical hurdles associated with such rapid growth, he remains optimistic. Local reports highlight that TensorWave’s hiring initiatives could stimulate economic development and create long-term partnerships with educational institutions.
As the tech landscape evolves, the spotlight remains on TensorWave to see if it can meet its ambitious hiring and deployment targets. Industry observers will be keenly watching how the company positions itself against Nvidia in the competitive AI infrastructure sector. With its innovative approach and substantial funding, TensorWave is poised to make significant strides in the coming year.
Horton has made it clear that accolades will not influence customer decisions. Instead, the focus is squarely on converting new funding into operational capacity and securing enterprise relationships. As TensorWave continues to grow, Las Vegas is emerging as a key player in the technology and data-center sectors, expanding beyond its traditional gaming and hospitality roots.
Stay tuned as we track the latest developments from TensorWave and its ambitious journey in the AI landscape.
