Hey folks, have you heard about Fractile? It's a new UK-based AI chip company that's just made a huge splash by securing $15 million in seed funding! Founded by the young genius Dr. Walter Goodwin, Fractile is developing a revolutionary AI chip that promises to run AI models up to 100 times faster and 10 times cheaper than current hardware.
The big news here is that today’s AI chips, while great for training models, are a bottleneck when it comes to running them (inference). Fractile's approach is groundbreaking—they're fundamentally changing how computational operations are done, using novel circuits and in-memory compute, which drastically cuts down the need to transfer data. This could potentially unlock AI's full capabilities, making it more accessible and efficient.
Imagine being able to solve massive problems like drug discovery or climate modeling faster and cheaper! This funding round was led by Kindred Capital, NATO Innovation Fund, and Oxford Science Enterprises, among others. With a world-class team already in place, Fractile is on a fast track to becoming a major player in the AI hardware space. Exciting times ahead!
