Etched

Money Moves

Valuation reached $21B in August 2026 after back-to-back rounds; shipped its first chip to Jane Street

Nvidia still runs roughly four of every five AI chips sold today. In December 2025, Nvidia paid $20 billion to license rival Groq's chip design and hire its founding team. It then built its own inference-only rack from that technology, launched at Nvidia's GTC conference in March 2026.

Updated 2 days ago