[UK AI Chip Company Fractile Raises $720 Million in Series C Funding] UK AI chip startup Fractile has raised $720 million in Series C funding, with participation from the UK's sovereign AI fund. The round was led by Thrive Capital, Founders Fund, Lightspeed Venture Partners, and Redpoint, valuing the company at over £5 billion. In addition to developing chips, Fractile is also building machine learning compilers. CEO Walter Goodwin stated that the new funding will support the company in delivering its first chips and systems next year. (Source: TechCrunch)