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AI Chip Startup Valued at $6.5B

20 Aug

Summary

AI chip startup Fractile is in advanced talks for new funding.
The company is seeking a valuation over six times its May value.
Fractile supplies chips to AI company Anthropic PBC.

Fractile, a burgeoning startup focused on developing artificial intelligence-specific chips, is reportedly in the final stages of securing a substantial funding round. This new investment is expected to place the company's pre-money valuation at an impressive $6.5 billion.

This valuation signifies a dramatic increase for Fractile, surpassing its previous valuation from May by more than sixfold. The company has already established a key partnership, supplying its tailored AI chips to Anthropic PBC, a notable player in the artificial intelligence sector.

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