Nvidia competitor Etched hits $5B valuation, $1B in sales for AI chip
Nvidia AI chip competitor Etched says it has already booked $1 billion under contract for the inference systems powered by its chip.
Etched is an AI chip startup that has reached a $5 billion valuation and booked $1 billion in contract orders for its chip systems. The company's chips are designed to run AI inference, which is the process after a user submits a prompt and currently represents the biggest cost and bottleneck for AI companies serving customers at scale. Etched's systems bundle its chips with custom-designed racks and software to help frontier models run inference faster, more cheaply, and with better power efficiency than competitors. The announcement comes as investors increasingly chase AI chip technology, with multiple competitors in the space raising significant funding and major companies building their own custom chips.
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Also reported by Data Center Knowledge
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