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A 25-year-old just tripled his London chip startup to $3.3bn, betting against Nvidia and the shortage.

A London startup two years old has just become one of Britain’s boldest bets against Nvidia. Olix has raised $312m and tripled its valuation to $3.3bn in six months. Its founder, James Dacombe, is 25. And its pitch has a timely twist: a c

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A 25-year-old just tripled his London chip startup to $3.3bn, betting against Nvidia and the shortage.

$312m raise values Olix at $3.3bn for DX-1 chip avoiding HBM shortage—component now strangling AI hardware costs. Signals shift from general-purpose to specialized silicon; architectural bet that per-stage optimization cuts power and latency where HBM bottleneck constrains throughput. Ships 2027.

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lunedì 3 agosto 2026·tech.eu
UK chip startup Olix raises $312M at $3.3BN valuation
Olix is gearing to bring its first chips to market next year.
lunedì 3 agosto 2026·cryptobriefing.com
UK chip startup OLIX secures $312M to scale frontier inference, and it matters for crypto's AI play
UK startup Olix Computing raises $312M at a $3.3B valuation for photonic AI inference chips, with major implications for decentralized compute

A 25-year-old just tripled his London chip startup to $3.3bn, betting against Nvidia and the shortage.

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A 25-year-old just tripled his London chip startup to $3.3bn, betting against Nvidia and the shortage.

Timeline cronologica

UK chip startup Olix raises $312M at $3.3BN valuation

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

James Dacombe’s Olix raises at $3.3bn valuation

UK chip startup Olix raises $312M at $3.3BN valuation

He dropped out of college as a teen. Nine years later, his AI firm is worth $3.3bn

British AI start-up founded by sixth form dropout valued at £2.5bn

Olix raises $3.3B valuation in Europe's largest chip funding round

James Dacombe’s Olix raises at $3.3bn valuation

Olix raises $3.3B valuation in Europe's largest chip funding round

A 25-year-old just tripled his London chip startup to $3.3bn, betting against Nvidia and the shortage.

High school dropout’s company valued at $4.8 billion

He dropped out of college as a teen. Nine years later, his AI firm is worth $3.3bn

British AI start-up founded by sixth form dropout valued at £2.5bn