AI BriefingFrom Zero to One (1-minute read)
Key point
Etched raised $700 million at a $21 billion valuation and delivered its first rack to Jane Street.
Details
Etched delivered its first AI inference hardware rack to Jane Street, taking the first step in its mission to handle the world's inference.
To accelerate production, Etched completed a $700 million funding round led by Jane Street at a $21 billion valuation. After testing Etched's chips, Jane Street expressed satisfaction with the initial results, evaluating that they provide the precision needed to support the most demanding workloads.
With less than 1% of the global population able to access frontier models, new types of inference hardware are essential for scaling intelligence. As it scales to gigawatt scale, Etched will face new challenges, including building new factories, establishing global supply chains, and developing fleet software and self-improving kernel agents.
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