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00:02Michael Burry called AI chip startup Etched serious competition for NVIDIA, according to a post on X.
00:09Burry pointed to a Wall Street Journal report on the company's growing roster of former NVIDIA engineers.
00:15Etched said it took 44 days, after receiving test chips from Taiwan Semiconductor Manufacturing,
00:21to begin running inference workloads, compared with a process that typically takes six months or longer.
00:26Former NVIDIA executive Brian Loyler joined Etched in 2024 and has helped recruit about a dozen more NVIDIA engineers.
00:35NVIDIA alumni now account for about 15% of Etched's roughly 400 employees.
00:41Etched's Sohu chip is designed specifically to run transformer-based AI models,
00:46rather than serve as a general-purpose GPU like NVIDIA's chips, according to CNBC.
00:51The startup raised $300 million in July at a $10.3 billion valuation.
00:57Shares were up by 0.14% at $220.05 in Wednesday's pre-market trading, according to Benzinga Pro.
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01:08For all things money, visit Benzinga.com.
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