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.

Latest round saw participation from SK Hynix, Andreessen Horowitz, Jane Street, and Diffusion

Nvidia rival Etched has raised $300M at a $10.3bn valuation, doubling its worth in seven months and pulling in memory giant SK Hynix as a backer.