TECH NEWS
$10 billion startup gets SK Hynix backing to build a transformer that does just one thing but exceedingly well
* Etched reached a $10.3 billion valuation after securing fresh SK Hynix backing * The startup built custom processors specifically for demanding AI inference workloads * Etched says conventional GPUs waste power during many inference tasks today Etched, a US-based AI chip startup, has secured fresh backing from SK Hynix as it