AI chip startup Etched defies skeptics, hits $10.3B valuation from big-name investors

Short summary

Etched, an AI chip startup founded by three Harvard dropouts, has reached a $10.3B valuation backed by prominent investors. The company claims its chips and memory components accelerate AI inference without requiring GPUs. The funding signals continued investor appetite for specialized AI hardware alternatives.

• •Etched valued at $10.3B from big-name investors
• •Chips designed to speed up AI inference without GPUs
• •Founded by three Harvard dropouts

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