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0.000176366843033516 0.00105055849500306 0.000823045267489799 0.000705467372134066 0.0010582010582011 0.00161081716637273 0.00194003527336868 -0.000764256319811849
Stock impact report

AI Chip Startup Etched Raises $120 Million to Expand Production [BNN Bloomberg (Canada)]

Taiwan Semiconductor Manufacturing Company Ltd. (TSM) 
Last taiwan semiconductor manufacturing company ltd. earnings: 4/17 04:00 pm Check Earnings Report
Company Research Source: BNN Bloomberg
The round was led by Primary Venture Partners and Positive Sum Ventures, with participation from prominent angel investors, including Peter Thiel, Github Chief Executive Officer Thomas Dohmke and Balaji Srinivasan, former chief technology officer at Coinbase Inc., the company said Tuesday. Etched is making a big bet that its Sohu AI chip will be a faster and more cost effective way to power transformers, which are a type of large language model that underscores some forms of generative AI, such as OpenAI's ChatGPT chatbot. The startup is partnering with Taiwan Semiconductor Manufacturing Co.'s Emerging Businesses Group to produce the chip and has recruited people who have worked at firms like Cypress Semiconductor Corp. and Broadcom Inc., Etched said. The new funding, which brings the startup's total to about $126 million, will be used for chip production, Etched said. The company declined to share its latest valuation. Etched is growing at a time when all chipmakers, led by Nv Show less Read more
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