AI chip startup Etched reaches $10.3B valuation with GPU alternative technology
Etched, a startup founded by three Harvard dropouts, has achieved a $10.3 billion valuation by developing specialized AI chips and memory components designed to accelerate AI model inference without requiring traditional GPUs. The company's technology represents an alternative approach to the dominant GPU-based infrastructure currently used for AI workloads, attracting significant backing from major investors despite skepticism in the market.
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AI chip startup Etched defies skeptics, hits $10.3B valuation from big-name investors
Etched, a startup founded by three Harvard dropouts, has achieved a $10.3 billion valuation by developing specialized AI chips and memory components designed to accelerate AI model inference without requiring traditional GPUs. The company's technology represents an alternative approach to the dominant GPU-based infrastructure currently used for AI workloads, attracting significant backing from major investors despite skepticism in the market.
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