AI Chip Startup Etched Aims to Take On Nvidia

AI chip startup Etched raised $120 million to expand manufacturing of its specialized chip that it boasts will rival Nvidia’s products. Etched CEO Gavin Uberti joins Ed Ludlow on "Bloomberg Technology."

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[ericgrinwis]

Intel and AMD will definitely have their share of the market. TSMC is at max capacity and investing in other semiconductor companies will be an absolute power move, I keep increasing my shares manageably. Different chips are good at different things and Nvidia has been very specialised, which leaves other aspects of Al open.

[OculusGame]

It took me only 20 minutes of research:
- Company is 1 year & 8 months old.
- No product available yet, not even a demo.
- Founders have no AI hardware experience, and also under 30.
- They use catchy terms like "ASICs".
- Nvidia invests billions per year and have a product, they just have a render and say: "we're 20x better, trust".
Even a 12 year old would do better due diligence than those investors, it's so pathetic really.

[Aarrenrhonda]

Obviously AI stocks will dominate 2024. Why I prefer NVIDIA is that they are better placed to maintain long term growth potential, and provide a platform for other AI companies. I know someone who has made more than 200% from NVIDIA. I'll also take these other recommendations you made.

[clementdan]

I keep telling both friends and family; Now is the perfect time to own a Tech Stock, With everything going on and seeing how the world is been run by AI and all Tech is here to stay and you don’t want to miss it

[tekmepikcha]

Bloomberg: We have a 7-minute slot to fill

Gavin: Hi

[jondonron]

Homey is an AI
NVIDIA will probably have more capacity and will outpace them significantly.

[donwunder]

TSMC's 2023 revenue was 70.6B. Even if 100% of this company's 120M went to TSMC it would amount to just 0.17% of TSMC's revenue. Why would they prioritize this guy's job over their existing customers who also need their limited capacity?

[joannot]

I remember them from like 6 months ago, nice to know that they're on track to fullfil their vision

[creativecomputers]

I sold all my Nvidia shares and bought TSMC. Etched and Nvidia rely on them. They are currently building two factories in Arizona.

[whatarefacts]

Young people don't really know the enormous amount of work for an end-to-end full stack solution to be able to even have a slight chance to compete with Nvidia. This is the nth (n > hundreds) startup led by young enthusiastic founder who is going to waste investors' money.

[steveholmes]

This interview to me is addictive of why broadcast television is dead. It’s like eating a Twinkie for dinner. Where is the beef? This guy should’ve been interviewed for at least an hour and they should’ve gotten into the details.

[toast_dev]

their PR team is fkn amazing - i see them everywhere now :) wishing them the best of luck!!

[otis]

The reason tech bubbles hardly cause any real world problems is that only rich people lose their money… when these start ups fail

[seriouspunchsamson]

Young man speaks slow and methodically. I like his level of maturity 👍🏾

[KrustyKlown]

By the time this guy gets something to market .. Nvidia will be several generations beyond Blackwell ... nobody can keep pace at volume.

[MelissaHobbs-qmwi]

Did you all see the new release of NVIDIA's stock earnings? The results are incredible, and their stock is surging.

[j.m]

10 years later, the guy is still looking for funding....10 years later, nvdia is a 10 trillion company

[nedkelly]

I guess $120M will buy you a single working prototype, but you're got to start somewhere. Im looking forward to cheaper npu's availability.

[thinkingcitizen]

I’m afraid this guy is following in the footsteps of Theranos

[davidburk]

4:32 he just pronounced it “nuh-vi-dee-yah, ” so I don’t know how seriously to take him 😂