Etched just smashed another $700 million in funding, pushing its valuation to a jaw-dropping $21 billion — up $11 billion in just 30 days. Led by quant giant Jane Street, who tested and loved the hardware, investors are going wild for Etched’s new AI systems called “frontier inference clusters.” Built from scratch, these systems feature a super-efficient prefill chip and cluster-scale memory that lets chips share data lightning-fast — all to make AI responses faster and cheaper. Forget model-specific chips — Etched now runs any AI model, and Jane Street is already running their own setup in-house.
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