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With $720M round, Britain’s Fractile gets a leg up in the race for AI chips
Fractile , a British startup developing AI chips, has raised a $720 million Series C backed by Britain’s Sovereign AI Fund with hopes of “ensuring the U.K. has a greater stake in the hardware that will underpin its future economy,” its…
AI Summary
Fractile, a British startup building purpose‑built AI chips, announced a $720 million Series C round backed by the UK’s Sovereign AI Fund. The government said the funding aims to give the United Kingdom a larger share of the hardware that will support its future economy. The investment places Fractile alongside other well‑funded rivals such as Axelera, Etched and OLIX in the competitive race to develop chips that lower the cost of inference for increasingly demanding AI models.
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