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With $720M round, Britain’s Fractile gets a leg up in the race for AI chips
Fractile has now become one of the top-funded players in the race for purpose-built 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 government stated .
Alongside the likes of Axelera , Etched , and OLIX , this makes Fractile one of the top-funded startup players in the race for purpose-built AI chips. Such chips are one of several avenues being explored to reduce the cost of inference, aka using increasingly demanding AI models in production.
However, Fractile seeks to go beyond hardware with a full-stack approach that also includes a machine learning compiler to maximize the speed at which LLMs will get executed on its chips.
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