Olix Secures Record $312 Million for AI Chip Innovation!

London-based AI chip startup Olix has raised a monumental $312 million in a Series B round, achieving a valuation of $3.3 billion. The funding aims to revolutionize AI inference by utilizing light-based data transfers between chips. Led by Fundomo, investors include Arm and the UK Government's Sovereign AI Fund. Olix’s DX-1 chip targets memory bandwidth limitations, promising high efficiency in AI model outputs.