London-based AI chip startup Fractile raised $720M from Thrive, Founders Fund, and others, sources say at a $7B post-money valuation, up from ~$1.1B in May (George Hammond/Financial Times)

George Hammond / Financial Times : London-based AI chip startup Fractile raised $720M from Thrive, Founders Fund, and others, sources say at a $7B post-money valuation, up from ~$1.1B in May, London-headquartered company is one of a clutch of start-ups developing custom semiconductors for AI.