New Tech
Tuesday, 6/30, 06:43 PM
An Nvidia Challenger, Etched, Hits a $5 Billion Valuation
- Etched, an AI-chip startup, has raised about $500 million at a $5 billion valuation, claiming roughly $1 billion in customer orders.
- Its bet: a chip built only for the kind of AI behind ChatGPT can run those models far cheaper than Nvidia's — if the technology bet holds.