Etched AI is targeting a $20 billion valuation with back-to-back funding rounds, capitalizing on exploding inference chip demand now valued at $1 billion annually.

Etched AI is targeting a $20 billion valuation with back-to-back funding rounds, capitalizing on exploding inference chip demand now valued at $1 billion annually.

Inference chips transition from niche to category; validates Etched's thesis that specialized inference silicon can capture meaningful market share from Nvidia's reign.