India, Nov. 12 -- Fractile, a startup based across London and Bristol, has announced it is developing advanced chips - the hardware that powers artificial intelligence - with funding from the UK Government's Sovereign AI Venture Fund and the British Business Bank.
The £500 million investment, announced Wednesday, is another step in the government's ambition to make Britain a world leader in the technologies that will shape the future of AI, ensuring that British scientific excellence translates into British companies, highly skilled jobs and industrial strength.
It will also help strengthen Britain's sovereign capabilities in critical technologies, reducing dependence on fragile overseas supply chains, and ensuring the UK has a great...