AI Chip Startup Etched Reaches $10.3B Valuation Without GPU Technology

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Etched, an AI chip startup co-founded by three Harvard dropouts, has achieved a valuation of $10.3 billion after securing investment from prominent backers. The company has developed proprietary chips and memory components designed to accelerate inference across AI models. Unlike conventional approaches, Etched's technology operates independently of GPUs. The milestone comes despite earlier skepticism from industry observers about the startup's prospects.

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