HARVARD DROPOUTS RAISE $120 MILLION TO TAKE ON NVIDIA'S AI CHIPS

Summary from the TLDR Founders newsletter

A startup named Etched, founded by Harvard dropouts, has raised $120 million to develop a specialized AI chip called Sohu, aiming to compete with Nvidia's dominant GPUs. Etched's chip focuses on efficiency for AI models using transformers. It potentially offers significant cost savings and performance improvements over Nvidia's general-purpose GPUs, despite the high-risk nature of the venture and the formidable competition.