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

Canadian-founded, US-based AI hardware company Tenstorrent has secured more than $693 million USD in Series D funding from a slew of big-name investors including Samsung and Amazon founder Jeff Bezos.

Through his venture capital firm, Jeff Bezos has invested in Tenstorrent. The AI chip startup is focused on developing more affordable solutions. In a market

Tenstorrent, the chip startup led by vaunted semiconductor engineer Jim Keller, says it raised more than $693 million in a Series D funding that gives it a $2 billion pre-money valuation.

Tenstorrent, the company vying to compete with Nvidia is now valued at $2.6 billion after Amazon founder Jeff Bezos joined South Korean tech giant Samsung in a $700 million bet on the AI chip startup.

AI chip startup Tenstorrent has secured $700 million in funding to challenge industry giant Nvidia. Tenstorrent gets $700 million to bolster AI tech and challenge Nvidia’s dominance in the chip industry. The funding round, backed by Amazon founder Jeff Bezos and Samsung, values the company at $2.6 billion, according to Bloomberg News.

As an alternative to Nvidia's HBM solutions, Tenstorrent is creating open-source and affordable AI chip technologies

Tenstorrent is also a proponent of an alternative kind of logic processor based on an open standard called RISC-V, which poses a challenge to Arm Holdings Plc.

Amazon.com founder Jeff Bezos has joined forces with Samsung to invest $700 million in Tenstorrent, an AI chip startup.

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

Billionaire Jeff Bezos is throwing his weight behind a computing company that’s coming for Nvidia’s (NVDA) dominance of the artificial intelligence chip market.