Tenstorrent raises nearly $700 million in a Series D round that values the AI hardware company at more than $2.6 billion.

Amazon.com founder Jeff Bezos joined Samsung in a $700 million bet on Tenstorrent, valuing the AI chip startup with ambitions of taking on Nvidia at about $2.6 billion. Tenstorrent, which hopes to create a chip to try and break

Tenstorrent, the company vying to compete with Nvidia is now valued at $2.6 billion after Jeff Bezos joined Samsung in a $700m bet on the startup.

Amazon founder Jeff Bezos participated in a funding round for AI chip startup Tenstorrent. Alongside Samsung Securities and AFW Partners, the billionaire's Bezos Expeditions participated in the $693 million Series D funding round that valued the startup at more than $2.6 billion.

Startup chipmaker Tenstorrent's latest funding round valued the company at about $2.6 billion and included investments from Jeff Bezos and Samsung.