AI Chip Startup Valuations Enter Warp Speed: Etched Hits $21B While ECB Sounds Bubble Alarm

AI chip startups are achieving valuation velocities that defy traditional venture capital cycles, signaling either a transformative new era or a dangerous bubble.

Evidence For

• Etched's jaw-dropping leap: The AI chip startup raised $700 million at a $21 billion valuation, doubling its worth from $10.3 billion in just one month. Back in December, it was valued at $5 billion—meaning it's quadrupled in eight months.
• Jane Street's smart money validation: The...