Fractile

The UK government announced a £1.1 billion ($1.47 billion) AI Hardware Plan on June 8 during London Tech Week, aiming to build a domestic AI chip sector and capture 5% of the projected $1 trillion glo…

Fractile, a London-based AI chip startup that supplies Anthropic, is in advanced talks to raise approximately $600 million at a pre-money valuation of $6.5 billion, a sixfold increase from its $1 bill…

Two AI chip startups, Groq and Cerebras, achieved massive financial outcomes in the past year—Groq was acquired for $20 billion and Cerebras IPO'd to a $40 billion-plus market cap—but their pre-LLM ar…