๐Ÿ”ฅ Etched Doubled to $21 Billion in a Month โ€” on a Chip That Only Runs Transformers

๐Ÿ”ฅ Etched Doubled to $21 Billion in a Month โ€” on a Chip That Only Runs Transformers

Etched, a transformer-only AI chip startup, just doubled to a $21 billion valuation on a $700M round led by Jane Street โ€” with $1B in booked orders and one very concentrated bet.