Fractile raises $720 million for AI chip development
TechCrunch: 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, raised $720 million in funding backed by Britain's Sovereign AI Fund, valuing the company at over £5 billion. The company distinguishes itself through a full-stack approach that combines custom hardware design with a machine learning compiler to speed up large language model execution, and it uses stacked DRAM on its chips to avoid typical tradeoffs between memory and processing capacity. This funding places Fractile among the top-funded startups in the AI chip race, alongside competitors like Axelera, Etched, and OLIX, as companies explore purpose-built chips to reduce the cost of running AI models in production. The company plans to ship its first chips and systems next year.
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Anthropic sets IPO price range of $70 to $78 per share to reach an implied valuation of $1.404 trillion
The company could end up being worth a hefty $1.404 trillion if its shares list at the top of the price range, on a fully diluted basis.
Also reported by SiliconANGLE
Anthropic pushes ahead with pre-Thanksgiving IPO despite tech selloff, accepts lower valuation
Despite the tech selloff, Anthropic is pressing ahead with its IPO at a valuation of $1.25 to $1.75 trillion, well below the hoped-for $2 trillion. The Claude developer aims to raise $80 to $100 billion before Thanksgiving. Rival OpenAI has also recently had to cut its valuation. The article Anthropic pushes ahead with pre-Thanksgiving IPO despite tech selloff, accepts lower valuation appeared first on The Decoder.
Also reported by TechCrunch and The Verge
Taiwan’s chipmaking giant TSMC to invest $1B in Anthropic, OpenAI
Top chip manufacturer TSMC is ready to invest $1 billion in Anthropic and OpenAI. That would give the Taiwanese chipmaker direct stakes in leading AI developers, even as its own contract chipmaking business has profited enormously from the AI data center buildout. The chipmaker’s board approved plans to invest up to $500 million in OpenAI preferred stock reserved for large investors and another $500 million to purchase Anthropic common shares at the latter’s expected IPO price, according to Reut
OpenAI lands an $11 billion funding round, but has to court dentists for more capital
OpenAI has secured $11 billion in fresh capital, the first tranche of a round that values the company at $1.25 trillion. The full round could swell to $20 billion. That OpenAI is already turning to wealthy private investors hints at a saturating AI capital market and growing investor caution. The article OpenAI lands an $11 billion funding round, but has to court dentists for more capital appeared first on The Decoder.
Anthropic Seeks Record $88.5B Tied To Public Market Debut
Anthropic is seeking to secure up to $88.5 billion in its planned IPO and a concurrent private placement, potentially making it the largest-ever fundraise tied to a public market debut. On Tuesday, the AI giant submitted an updated S-1 filing for its upcoming public offering, unveiling new details including a proposed share price range offering size. The offering could set a fully diluted valuation of up to $1.4 trillion for the San Francisco company. Anthropic’s expected valuation comes in belo
Mercor raises $750M at $20B valuation to take AI agent evaluation to enterprises
Artificial intelligence training data company Mercor.io Corp. today revealed that it has raised $750 million in new funding at a $20 billion valuation. Mercor provides the human expertise used to train and evaluate AI models, drawing on a network of more than 5 million domain experts. Most of that work so far has been for […] The post Mercor raises $750M at $20B valuation to take AI agent evaluation to enterprises appeared first on SiliconANGLE.