A 25-year-old British dropout, James Dacombe, is shaking up the AI chip world with his startup Olix — just two years after launching his first company at age 17. Backed by a $312 million funding round, Olix’s valuation has skyrocketed to $3.3 billion, positioning it to challenge Nvidia with next-gen chips that use light instead of copper. Supported by Peter Thiel’s foundation, UK government funds, and big names like Arm and Reed Hastings, Olix joins a wave of British AI chip startups rewriting the tech landscape.
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