Etched just raised $300M at a $10.3B valuation for a chip that can ONLY run transformers — one architecture, hardcoded into silicon. The payoff? An 8-chip Sohu server runs Llama 70B at 500,000+ tokens/sec vs ~23,000 for 8 Nvidia H100s. Roughly 20x faster at inference. The bet: transformers stay dominant. If they do, Etched beats Nvidia. If not, the chip is a paperweight. Would you bet your company on one architecture? www.contentbuffer.com #AI #Chips #Nvidia #Semiconductors