AI chip startup Etched defies skeptics, hits $10.3B valuation from big-name investors

Etched, founded by three Harvard dropouts, has announced the development of new chips and memory components designed to accelerate inference processes in AI models. These chips significantly enhance performance, enabling faster inference without the need for GPUs, marking a shift in how intelligent applications are executed. This innovation represents a crucial step towards reducing reliance on specific technologies, potentially opening new avenues for AI applications in both the Arab and global markets.