AI chip startup Etched defies skeptics, hits $10.3B valuation from big-name investors 

Etched, founded by three Harvard dropouts, has created new chips and memory components that speed up inference on any AI model — no GPUs required, it says.

SK Hynix raises $26.5B in the biggest foreign IPO in US history, is urged to build new US fabs

The AI chip boom just produced its biggest Wall Street moment yet. Now SK Hynix and Samsung are being asked to build U.S. factories.

Meta’s new AI chips will begin production in September

In its bid to spend less on GPUs from providers like Nvidia, Meta is on track to start making its the latest versions of its AI-specific chips in September.

Anthropic is discussing a new custom chip with Samsung

The news comes about a week after OpenAI announced its own custom AI chip in a partnership with Broadcom.

Why everyone from OpenAI to SpaceX is building their own chips (and turning up the heat on Nvidia)

Nvidia has dominated the AI chip market for years, but the era of total dependence might be ending.   OpenAI just shared its plans to spice things up with Jalapeño, its custom inference chip built with Broadcom, joining Google, Apple, an…

Amazon hopes to challenge Nvidia more directly by selling its AI chips

AWS is in talks to sell its chips to other data centers. CEO Andy Jassy has said this represents a $50 billion opportunity for the company.

After Nvidia’s $20B not-aqui-hire, AI chip startup Groq reportedly raising $650M

Chipmaker Groq is looking to raise $650 million in internal funding as it pivots from hardware to focus more on AI inference, the process of refining the way AI models respond to prompted requests, per Axios. 

In more good news for Amazon, Snowflake signs $6B deal with AWS for AI CPU chips

Snowflake has signed a new, enormous five-year deal with Amazon to secure chips for AI usage. Nvidia is once again being put on notice.

Google Cloud launches two new AI chips to compete with Nvidia

Google’s newest TPUs are faster and cheaper than the previous versions. But the company is still embracing Nvidia in its cloud — for now.

Why Wall Street wasn’t won over by Nvidia’s big conference

Despite investor fears of an AI bubble, Nvidia’s latest conference shows that most in the industry aren’t concerned by that possibility.