Harvard dropouts raise $120 million to take on Nvidia's AI chips
Publishing timestamp: 2024-06-25 13:48:09
Summary
A startup founded by college dropouts has raised $120 million to build a new AI chip to compete with Nvidia. The company, Etched, is betting on the future of AI and believes that specialized chips will be the key. Despite the challenges of going up against Nvidia, Etched is confident in their product and is preparing to bring it to market later this year.
Sentiment: MIXED
Keywords: nvidia corp, business, venture capital, technology, breaking news: technology, business news, mobile, taiwan semiconductor manufacturing co ltd, apple inc,
Source: https://www.cnbc.com/2024/06/25/etched-raises-120-million-to-build-chip-to-take-on-nvidia-in-ai.html