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Fractile secures $15M in Seed funding to build better hardware for AI inference

Fractile secures $15M in Seed funding to build better hardware for AI inference

07/26/24, 8:43 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/GB.svglondon
Money raised
$15 million
Industry
image recognition
machine learning
artificial intelligence
Round Type
seed
UK AI chip company Fractile has announced $15 million in Seed funding to build its first new AI chip, capable of running state-of-the-art AI models up to 100x faster and 10x cheaper than existing hardware.

Company Info

Company
Fractile
Location
london, england, united kingdom
Additional Info
Fractile is building chips to run large language models two orders of magnitude faster. Existing hardware is good for training LLMs, but very poorly suited to subsequent inference of the trained model, which is increasingly the dominant workload. A network’s weights need to be moved onto a chip once per word generated, and this movement takes a few hundred times longer than the subsequent computations themselves. Fractile’s revolutionary approach to fusing computation with memory eliminates this bottleneck, and can scale to allow running the world’s largest models at a global scale.

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