United Kingdom · Chips & infrastructure

Artificial intelligence news in United Kingdom: models, business, regulation and impact.

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Chips & infrastructureUnited Kingdom

Etched raises $700m, valuation doubles to $21bn

Rows of server racks inside a data center

AI chip startup Etched has raised $700 million at a $21 billion valuation, led by Jane Street after the quant trading firm tested and bought the company's first inference rack.

August 19, 20264 min read

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