British AI chip startup Fractile receives government funding support, valuation reaches $7 billion
British AI chip startup Fractile has completed a C round funding of over $720 million, valuing the company at $7 billion, with participation from the UK government's sovereign AI risk investment fund and UK commercial banks. The company aims to develop AI inference computing hardware that does not compromise on throughput, model size, or context length. Anthropic plans to deploy its 'simulated memory computing' chip by 2027.
Same story2 other outlets also reported this
- TechCrunch · AI··First
British AI chip startup Fractile raises $720 million in C round funding
- 36Kr · AI··+4 h 20 min
British chip startup Fractile is valued at $7 billion, and Anthropic intends to be among the first customers
Adds:Anthropic intends to be among the first customers.
- ITHome · AI··+7 h 59 min·Reading now
British AI chip startup Fractile receives government funding support, valuation reaches $7 billion
Adds:The company aims to develop AI inference computing hardware that does not trade off throughput, model size, or context length.
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Source: ITHome · AI · ithome.com