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

Etched, an AI chip startup founded by three Harvard dropouts, has reached a ten point three billion dollar valuation, per TechCrunch, in a funding round backed by major investors. The company has developed specialized chips and memory components that it says can speed up AI inference without requiring GPUs—a claim that has faced skepticism from some industry observers.

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