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AI chip startup Etched defies skeptics, hits $10.3B valuation from big-name investors
TechCrunch AI·July 23, 2026·1 min read
AI Summary
Etched, an AI chip startup founded by three Harvard dropouts, has achieved a valuation of $10.3 billion, attracting significant investment from prominent backers. The company claims to have developed chips and memory components that enhance AI model inference without the need for GPUs.
From the source
Etched, founded by three Harvard dropouts, has created new chips and memory components that speed up inference on any AI model -- no GPUs required, it says.
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