AI Startup Etched Challenges Nvidia with Game-Changing Chip
Etched.ai Secures Funding to Compete with Nvidia in AI Chip Market
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Etched.ai, a San Francisco-based startup, has secured $120 million in funding led by Positive Sum and Primary Venture Partners. The company develops the Sohu AI chip, which specializes in transformers for training and deploying large language models essential to generative AI. Taiwan Semiconductor Manufacturing Co. partners with Etched.ai to manufacture this chip, positioning it as a competitor to Nvidia. The goal is to offer a cost-effective and energy-efficient solution to the large energy consumption issue in AI. The total venture funding for semiconductor chip startups in 2024 has reached nearly $5.3 billion across 175 deals, reflecting a recovery in the market compared to previous years. Notable deals include Black Semiconductor's $275 million raise, Celestial AI's $175 million in March, and Recogni's $102 million in February, with Samsung reportedly leading a $300 million round for Tenstorrent.
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