Every single startup working on next-gen AI chips (July 2026) Every approach attacks data movement differently to break Nvidia’s dominance: – eliminate DRAM (Groq) – eliminate the interconnect (Cerebras) – eliminate the compute/memory split (d-Matrix) – eliminate the server’s compute-centrism (Majestic) – eliminate generality (Etched, Taalas, MatX) – or eliminate the $400M litho machine (Substrate)