Technology News 25.02.2026
MatX raised $500 million in a Series B round led by Jane Street and Situational Awareness to develop AI chips aimed at outperforming Nvidia GPUs. The startup, founded by ex-Google engineers, will use the funds for production with TSMC and plans to ship chips in 2027. Etched, a rival, raised a similar amount last month at a $5 billion valuation. MatX’s current valuation was not disclosed.