Etched valued at $5B for AI chip with $1B in pre-sales

• AI chip startup Etched, founded in 2022, announced a $5 billion post-money valuation after securing a $500 million funding round in December.
• The company has already booked $1 billion in contract orders for its ‘frontier inference clusters,’ which are systems designed for faster and more efficient AI inference.
• Etched attracted significant investors, including VentureTech Alliance, Jane Street, and Stripes, as well as angel investors like Andrej Karpathy and Geoffrey Hinton.

[Via TechCrunch]