Latest Startups & Entrepreneurship News
AI Chip Startup Etched Raises $500M to Challenge Nvidia
Etched, building specialized AI chips for inference, raised $500 million as investors back Nvidia alternatives for cheap, scalable AI model deployment in apps and enterprises. The funding highlights the shift from training to production inference across consumer and enterprise AI.
Source: Bloomberg.
Cerebras in Talks for $1B Raise at $22B Valuation
Cerebras Systems, known for wafer-scale AI chips, is negotiating a $1 billion raise at $22 billion valuation, focusing on training efficiency and cluster scaling. This reflects capital concentration in high-impact AI infrastructure.
OpenAI signed a $10B compute deal with Cerebras for faster model responses.
Sources: The Information, TechCrunch.
Voice AI Startup Deepgram Raises $130M at $1.3B Valuation
Deepgram secured $130 million at $1.3 billion valuation to expand internationally, develop models, and pursue acquisitions in voice AI for workflows and analytics. Voice is emerging as a key AI interface beyond customer support.
Source: TechCrunch.