Sources: AI inference chip startup Etched is raising funds at a ~$20B valuation and is raising capital at a $10B valuation in a separate round led by Sequoia (Wall Street Journal) (Visit Techmeme dot com for the link and full context!)
Etched just came out of stealth: $800M raised, $5B valuation, $1B in signed contracts before shipping a single rack. I found their captable super interesting: Peter Thiel. Stanley Druckenmiller. Jane Street. Two Sigma. Hudson River Trading. Angels: Geoffrey Hinton, Andrej
Etched @Etched came out of stealth claiming it can beat incumbent chipmakers on inference not by 10% but by 10x. Co-founders, Gavin Uberti and Rob Wachen, walk Patrick through the architecture, economics, and why the whole rack is the real moat. The takeaways worth saving: https://t.co/XXSBrs2ono
