A UK Chip startup has JUST raised $220m to take on Nvidia! @AnthropicAI is already looking to buy chips from them. There have been rumours about the round for some time, but it has now been confirmed. @fractile_ai has raised a $220m Series B led by @Accel, @foundersfund and @factorialfunds. Its chips rely on a different kind of memory technology to Nvidia’s GPUs called static random access memory (SRAM). This is to improve the speed and cost of AI inference. The raise follows another big UK Chip raise - Olix which raised $220m at a $1bn valuation. Two years ago it would have been unimaginable to have two UK unicorns become unicorns by trying to take on Nvidia, and yet here we are. LETS GO

Anthropic has announced that it is massively expanding its London presence. It’s just secured a new office for 800 people - a huge jump from its 200 current employees. OpenAI announced its first permanent office in London this week and now @AnthropicAI is doubling down. Meta, OpenAI, DeepMind, wayve and so many others have huge offices in London. It’s becoming the leading AI hub outside of the US. LETS GO