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Nvidia Faces AI Chip Rivalry as Startup Etched Lands $21B Valuation

Dow Jones Newswires Read original source (opens in a new tab)
The Story

News Summary

  • AI semiconductor startup Etched reached a $21 billion valuation with backing from Jane Street and booked over $1 billion in chip orders.
  • The startup, which heavily poached top Nvidia engineers, claims its custom inference processors outperform Nvidia's Blackwell chips in inter-chip communication speeds.
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