kapynStartups

Nvidia competitor Etched hits $5B valuation, $1B in sales for AI chip

Etched, an AI chip startup, has reached a $5 billion valuation and secured $1 billion in booked sales for its inference systems. This significant traction signals strong market demand for alternatives to Nvidia's dominant AI hardware, particularly for inference workloads. Developers may soon have more competitive and potentially more accessible options for deploying AI models at scale.

TechCrunch AI·Jun 30, 2026

Opening Kapyn…