# Transformer Models

The Transformer Bet: Etched Secures $5 Billion Valuation to Challenge Nvidia's Silicon Hegemony

AI chip startup Etched has reached a $5 billion valuation with backing from Peter Thiel and industry pioneers, aiming to disrupt Nvidia's dominance. The company’s specialized 'Sohu' ASIC chip is designed exclusively for Transformer models, promising a 20x performance leap in AI inference.