AI chip startup Etched has secured 1 billion USD in contract orders for its inference systems, reaching a 5 billion USD valuation. The Nvidia competitor, founded by Harvard dropouts, has raised 800 million USD total from investors including Geoffrey Hinton, Fei-Fei Li and Peter Thiel. https://techcrunch.com/2026/06/30/nvidia-competitor-etched-hits-5b-valuation-1b-in-sales-for-ai-chip/ #AIagent #AI #GenAI #AIinfrastructure
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