AI chip startup Etched defies skeptics, hits $10.3B valuation from big-name investors 

Etched, a startup founded by three Harvard dropouts, has achieved a valuation of $10.3 billion thanks to investments from prominent backers. The company has developed innovative AI chips and memory components that can accelerate inference on any AI model without the need for graphics processing units (GPUs). This technology has the potential to significantly improve the efficiency and performance of AI systems. Etched's impressive valuation is a testament to the confidence of its investors in the company's groundbreaking technology.

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