Turing Post
Etched Explained: The $21B AI Chip Startup Challenging NVIDIA
15:27
Etched raised $1 billion in 26 days. Its valuation jumped from $10.3 billion to $21 billion.
The second round was led by Jane Street after it tested Etched’s hardware and installed the first rack in its own data center.
So what did Jane Street see?
Etched began with Sohu, a Transformer-only ASIC that promised more than 500,000 tokens per second on Llama 70B. By 2026, Sohu and that claim had…