Big Tech Aug 10, 2026 Setting AI in Stone Etched raised at $10.3 billion for transformer-only chips. AMD just bought Taalas, which etches model weights into transistors. Hank Reed on an industry betting that AI has stopped moving. Hank Reed
Startups & Funding Jul 28, 2026 Etched Raised $300M at $10.3B for a Chip That Only Runs Transformers Etched closed a $300 million Series C at a $10.3 billion valuation, led by Sequoia with a16z and SK hynix. Its Sohu chip hardcodes the transformer architecture and claims a large inference speedup over Nvidia, with over $1 billion in signed contracts. Jordan Beck