With $720M round, Britain’s Fractile gets a leg up in the race for AI chips
Fractile plans to use the funding to ship its first chips and systems next year.
Its design stacks DRAM on top of each chip, aiming to ease the tradeoff between memory and capacity when running large AI models. It is also building a machine learning compiler to speed up execution on its hardware. Britain’s Sovereign AI Fund backed the round, which valued the company at more than £5 billion, according to the government. CEO Walter Goodwin cautioned that “there is still a lot of work ahead.”
TechCrunch AI's note
Its design stacks DRAM on top of each chip, aiming to ease the tradeoff between memory and capacity when running large AI models. It is also building a machine learning compiler to speed up execution on its hardware. Britain’s Sovereign AI Fund backed the round, which valued the company at more than £5 billion, according to the government. CEO Walter Goodwin cautioned that “there is still a lot of work ahead.”
TechCrunch AI's note
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