Fractile, a British startup developing chips for artificial intelligence applications, is in advanced talks to raise funds at a pre-money valuation of $6.5 billion, according to reporting from Bloomberg, citing people familiar with the matter. The company expects to bring in about $600 million in the round, which includes some money invested at a lower valuation. \n\n> The British startup raised a $220 million financing round in May, led by venture firms Accel, Founders Fund and Factorial Funds. That investment gave Fractile a valuation of around $1 billion. \n\n> Fractile has reached an initial deal to sell roughly $250 million of its chips to Anthropic PBC, with the intention to expand that contract in the future, according to people familiar with the efforts. The chips are not expected to be ready for use until 2027. \n\n> The new valuation represents more than a six-fold increase from the price Fractile landed in May. At the time of its previous funding round, Fractile said it was raising funds to bring its first AI chips to market. \n\n> The round is not closed and details could change, the people said.
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