People familiar with the matter revealed that Etched, the startup that developed AI chips by Nvidia, is promoting a new round of financing, led by the old shareholder Jianjie Capital. The company's valuation may triple to about 20 billion US dollars. People familiar with the matter said that thanks to the current boom in investment in artificial intelligence startups in the venture capital market, the San Jose, California company is also simultaneously promoting another round of independent financing, led by Sequoia Capital, with a corresponding valuation of 10 billion US dollars. Both financings have yet to be settled, and the terms of the transaction are still subject to change.

People familiar with the matter revealed that Etched, the startup that developed AI chips by Nvidia, is promoting a new round of financing, led by the old shareholder Jianjie Capital. The company's valuation may triple to about 20 billion US dollars. People familiar with the matter said that thanks to the current boom in investment in artificial intelligence startups in the venture capital market, the San Jose, California company is also simultaneously promoting another round of independent financing, led by Sequoia Capital, with a corresponding valuation of 10 billion US dollars. Both financings have yet to be settled, and the terms of the transaction are still subject to change.