Etched’s valuation doubles to $21B in a month

Jane Street has installed Etched's first shipped AI cluster system, and was so impressed, it led another massive round, the startup says.

AI chip startup Etched doubles valuation to $21 billion in under a month  Reuters

Aug 18 : Jane Street-backed Etched said on Tuesday its valuation more than doubled in less than a month to $21 billion, as investors bet on growing demand for specialized chips used to run artificial intelligence models. The San Jose, California-based company raised $700 million, with trading firm Jane Street continuin