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ReutersAI startup Etched raises $120 million to develop specialized chip
Artificial-intelligence startup Etched said on Tuesday it has raised $120 million in a series-A funding round that the company plans to use to further develop its specialized chip. Nvidia dominates the market for server AI chips, capturing roughly 80% of sales, according to estimates. Nvidia’s general-purpose AI chips are capable of handling a range of computing applications, but can use more energy than processors designed to perform specific functions.
Insider MonkeyAnalyst Says Taiwan Semiconductor (TSM) is the ‘Key Beneficiary of AI Prosperity’
We recently published a list of the Big Tech Funds are Buying These 10 AI Stocks. Since Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) ranks 7th on the list, it deserves a deeper look. As mega-cap technology stocks continue to soar to new highs, the number of Wall Street analysts highlighting the “concentration of gains” problem are increasing. […]
Investor's Business DailyIntel, TSMC Gear Up, Putting This Unique Firm In Enviable Position
ASML stock etches a fresh buy point as it unveils a new innovation lab, and chip partners like Intel and TSMC expand production.
