UK chip startup OLIX secures $312M to scale frontier inference, and it matters for crypto's AI play

UK chip startup OLIX secures $312M to scale frontier inference, and it matters for crypto's AI play

OLIX closes $312M Series B for photonic AI chips (OTPUs) as Nvidia GPU alternative, eliminating costly HBM with superior energy efficiency. Risk: photonic computing remains unsolved engineering challenge after 20 years of academic research; manufacturing at scale is the bottleneck.