A British AI-chip startup is raising at $6.5bn after an Anthropic deal

Fractile, a UK AI-inference chip designer founded in 2022, is negotiating a $600 million raise at a $6.5 billion pre-money valuation, up from $1 billion three months earlier. It secured a $250 million chip supply deal with Anthropic, targets inference for chatbots, drug discovery and material design, and expects production-ready chips by 2027. Investors include Accel, Founders Fund and Factorial Funds.