Etched Hits $5 Billion Valuation After $500 Million Raise, Challenges Nvidia in AI Inference Chip Market
AI inference chip startup Etched surges to a $5 billion valuation after closing a $500 million funding round, backed by Peter Thiel, Geoffrey Hinton, and Fei-Fei Li, while securing $1 billion in contract orders as it takes direct aim at Nvidia's dominance in the booming AI chip market.