AI chip startup Etched doubles valuation to $21 billion in under a month

AI chip startup Etched has seen its valuation double to $21 billion in less than a month. This surge follows the installation of the company's first shipped AI cluster system by Jane Street. According to the startup, Jane Street was so impressed with the system's performance that it led another massive funding round. The rapid increase in valuation highlights the significant market interest in the specialized hardware developed by Etched for artificial intelligence applications.