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Etched's valuation by end of 2024?
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Etched Raises $120M on June 25 to Challenge Nvidia with AI Chip Sohu
Jun 25, 2024, 12:41 PM
Etched, an artificial intelligence startup, has raised $120 million in a Series A funding round on June 25 to further develop its specialized AI chip, Sohu. This funding brings Etched's total funding to $125.36 million. Sohu is an application-specific integrated circuit (ASIC) designed exclusively for transformer AI models. The chip is capable of processing 500,000 tokens per second and is touted to replace 160 Nvidia H100 GPUs with a single 8xSohu server, offering 20 times faster performance at 1/20th the cost. Notable investors in this round include Peter Thiel, Balaji, and the CEO of GitHub. Etched has also partnered with TSMC for manufacturing. The company aims to challenge Nvidia's dominance in the AI chip market with this innovative product. The news was first reported by TechCrunch's Kyle Wiggers.
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