Three Harvard dropouts turned AI chip startup Etched just raised $300M at a $10B valuation, led by Sequoia and backed by Andreessen Horowitz and SK Hynix. Once seen as a wild idea, their specialized AI chips—designed for transformer models and beyond—are now attracting giants like Google. Their breakthroughs? A super-fast “prefill” chip that cuts power and heat, and a new “cluster scale memory” system for lightning-fast multi-chip collaboration. From sleeping on friends’ floors to running a 400-person company with a 2MW data center, they’ve defied skeptics and proven that bold vision + relentless hustle can build a billion-dollar future.
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