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 —…
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