U.K.-based chip startup Fractile has raised $220M in a funding round led by Factorial Funds, Accel, and Peter Thiel’s Founders Fund. The funding round also saw participation from Conviction, Gigascale, O1A, Felicis, Buckley Ventures, and 8VC, alongside existing backers, according to the company. Fractile said the funding would help it build the next generation of inference hardware. Fractile, whic...
U.K.-based chip startup Fractile has raised $220M in a funding round led by Factorial Funds, Accel, and Peter Thiel’s Founders Fund. The funding round also saw participation from Conviction, Gigascale, O1A, Felicis, Buckley Ventures, and 8VC, alongside existing backers, according to the company. Fractile said the funding would help it build the next generation of inference hardware. Fractile, which was founded in 2022, is developing chips designed to accelerate AI inference — the process of running a trained AI model to produce predictions or conclusions on new, unseen data. The company competes with startups Cerebras and Groq and big players like Nvidia ( NVDA ) and Advanced Micro Devices ( AMD ). AI chip giant Nvidia already has a non-exclusive licensing deal with Groq for its inference technology. "The technical and economic limits on inference speed, above all from memory bandwidth that has failed to scale on current architectures, are what is constraining progress. To compress that month into a day, we will need to generate output at ~1,200 tokens per second, while handling the complexity and capacity challenges of operating large models at very long contexts. This is exactly the problem Fractile has been building from the ground up to tackle," said the company on Wednesday. Fractile noted that it is hiring across the U.K. (London and Bristol), the U.S. (San Francisco), and Taiwan (Taipei) Earlier this month, it was reported that Anthropic ( ANTHRO ) held discussions with Fractile to buy the company's inference chips. More on Nvidia, AMD AMD: The Bull Case Has A Fatal Flaw Nvidia Earnings Preview: I'm Buying Ahead Of Q1 Results AMD's Next Leg Higher Has Already Started AMD downgraded at Daiwa, firm says recent share price rise could 'moderate' Marvell in focus as AMD discloses stake
Mininyx Doodle/iStock via Getty Images The Department of Defense said Wednesday it signed a series of framework agreements with defense and technology companies aimed at expanding U.S. strike capacity, with a focus on lower-cost missiles that can be produced at scale. The agreements include partnerships with Anduril, CoAspire, Leidos ( LDOS ) and Zone 5 to develop the Low-Cost Containerized Missil...
Mininyx Doodle/iStock via Getty Images The Department of Defense said Wednesday it signed a series of framework agreements with defense and technology companies aimed at expanding U.S. strike capacity, with a focus on lower-cost missiles that can be produced at scale. The agreements include partnerships with Anduril, CoAspire, Leidos ( LDOS ) and Zone 5 to develop the Low-Cost Containerized Missiles program, as well as a separate arrangement with Castelion tied to hypersonic weapons. The effort reflects a broader shift toward incorporating newer, privately backed firms into the defense industrial base. Officials said the programs are intended to increase the volume of available munitions while reducing unit costs, responding to concerns about supply constraints in potential large-scale conflicts. Production targets and timeline Under the framework agreements, the department expects to procure more than 10,000 low-cost cruise missiles over a three-year period beginning in 2027. The agreements set preliminary pricing structures and are designed to transition into fixed-price production contracts following testing and evaluation. An experimentation campaign will begin in mid-2026, with test missiles to be acquired from participating companies. The results will inform a formal military assessment before full-scale procurement decisions are made. Separately, the department said it plans to move forward with a multi-year procurement contract for Castelion’s hypersonic missile system once testing is complete. That contract would cover a minimum annual purchase of 500 missiles over two years, with options to extend production for up to five additional years. New model for industry participation Defense officials emphasized that some participating companies are expected to reach production scale without direct government funding, relying instead on private capital investment. The approach marks a departure from traditional defense procurement models that typically involve si...
Investing.com -- LinkedIn is preparing to announce staff cuts on Wednesday, in the latest sign of continued restructuring across the technology sector.
Investing.com -- LinkedIn is preparing to announce staff cuts on Wednesday, in the latest sign of continued restructuring across the technology sector.
Wolfspeed stock was surging on Wednesday after Citrini Research—best known for its viral blog posts about AI wrecking the economy and the Strait of Hormuz—recommended the power-chip maker. Fellow power chip stock Navitas Semiconductor rose 3.6%, while Vicor slid 0.9% and Monolithic Power Systems was up 1.8%. Citrini analysts published a memo on semiconductors on Tuesday, highlighting Wolfspeed as ...
Wolfspeed stock was surging on Wednesday after Citrini Research—best known for its viral blog posts about AI wrecking the economy and the Strait of Hormuz—recommended the power-chip maker. Fellow power chip stock Navitas Semiconductor rose 3.6%, while Vicor slid 0.9% and Monolithic Power Systems was up 1.8%. Citrini analysts published a memo on semiconductors on Tuesday, highlighting Wolfspeed as a stock that can benefit from the AI boom.
The market has rallied from its end-of-March lows to new heights, but there are still several stocks that I think represent excellent buying opportunities. These three stocks in particular may have rallied over the past few days, but on a valuation basis, when you look at where they are trading at now compared to where they have traded historically, and where they could be by 2027, it's clear they...
The market has rallied from its end-of-March lows to new heights, but there are still several stocks that I think represent excellent buying opportunities. These three stocks in particular may have rallied over the past few days, but on a valuation basis, when you look at where they are trading at now compared to where they have traded historically, and where they could be by 2027, it's clear they're still positioned for some strong upside. Image source: Getty Images. Nvidia (NASDAQ: NVDA) has had a strong few months and is back above a $5 trillion market cap, trading near its all-time high. So how is it still a good buy? Well, not all of its success has been priced in yet. Nvidia's shareholders are well aware of this pattern. Usually, the stock flounders during the first half of the year, then rallies in the middle. The stock appears to be doing just that, and I wouldn't be surprised if it can rise to forward earnings levels in the mid-30s by the end of summer. Continue reading
Plug Power (NASDAQ:PLUG) stock just received its second analyst price target raise in the same week. Susquehanna analyst Charles Minervino lifted his price target on Plug Power to $3.75 from $2.75, keeping a Neutral rating following the company’s first-quarter results. The revision tracks a sharp improvement in Plug Power’s underlying economics under Project Quantum Leap, ... Susquehanna Hikes Plu...
Plug Power (NASDAQ:PLUG) stock just received its second analyst price target raise in the same week. Susquehanna analyst Charles Minervino lifted his price target on Plug Power to $3.75 from $2.75, keeping a Neutral rating following the company’s first-quarter results. The revision tracks a sharp improvement in Plug Power’s underlying economics under Project Quantum Leap, ... Susquehanna Hikes Plug Power Price Target to $3.75 as Project Quantum Leap Shows Progress