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UK AI chip startup Fractile to invest £100M in Bristol and London, hiring 40 and building a new facility to develop faster, cheaper AI chips.
Fractile, a UK AI chip startup, will invest £100 million over three years to expand its operations in Bristol and London, building a new hardware engineering facility and hiring 40 new staff.
Backed by Oxford Science Enterprises, Kindred Capital, and the NATO Innovation Fund, the company aims to develop next-generation AI inference chips that could run models up to 50 times faster and at 10% of the cost of traditional GPUs.
The expansion supports the UK government’s broader AI strategy, including AI growth zones and efforts to boost domestic semiconductor production and technological competitiveness.
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La startup de chips de IA del Reino Unido, Fractile, invertirá 100 millones de libras esterlinas en Bristol y Londres, contratando a 40 y construyendo una nueva instalación para desarrollar chips de IA más rápidos y baratos.