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.

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 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.