ETCHED RAISES $120M SERIES A TO BUILD AI CHIPS FOR TRANSFORMERS

Summary from the TLDR AI newsletter

Etched has announced a $120M round led by Primary Venture Partners and Positive Sum Ventures, as well as angel investors including Peter Thiel, Stanley Druckenmiller, and David Siegel. It is working directly with TSMC's Emerging Business Group to produce chips on their state-of-the-art, 4 nanometer node. Its chips can achieve 500K tokens/second. One 8xSohu can replace 160 H100s.