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Etched raises $120M in challenge to Nvidia in AI with transformer chips
Etched announced that it has raised $120 million in a challenge to Nvidia in designing AI chips.
The angel investors included Peter Thiel, Stanley Druckenmiller, David Siegel, Balaji Srinivasan, Amjad Masad, Kyle Vogt, Kevin Hartz, Jason Warner, Thomas Dohmke, Bryan Johnson, Mike Novogratz, Immad Akhund, Jawed Karim and Charlie Cheeve. To name a few: Nvidia’s GPUs, Google’s TPUs, Amazon’s Trainium, AMD’s accelerators, Graphcore’s IPUs, SambaNova SN Series, Cerebras’s CS-2, Groq’s GroqNode, Tenstorrent’s Grayskull, D-Matrix’s Corsair, Cambricon’s Siyuan and Intel’s Gaudi. Even if a new architecture is invented with benefits over transformers, the friction to re-write the kernels, re-build features like speculative decoding, build new specialized hardware, re-test scaling laws, and re-educate your team are enormous.
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