Journalism begins where hype ends

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We can only see a short distance ahead, but we can see plenty there that needs to be done.” "

—Alan Turing

Olix Raises $312M Series B at $3.3B Valuation to Deliver DX-1 AI Chip by 2027

OLIX logo – the London-based AI chip startup that raised $312 million in Series B funding at a $3.3 billion valuation on 3 August 2026.

London-based Olix has raised $312 million in Series B funding at a $3.3 billion valuation to deliver its DX-1 decode accelerator by H2 2027. Investors include Fundomo, Arm, Hudson River Trading and Netflix co-founder Reed Hastings.

Cerebras Shares Fall 10% on Earnings Debut, with Margins Below AI Chip Rivals

Cerebras reported 94% revenue growth in the first quarter, but shares fell 10% after investors focused on margins that remain below those of larger AI chip rivals.

Cerebras nearly doubled first-quarter revenue and narrowed its net loss in its first earnings report as a public company, driven by growing demand for AI inference infrastructure. The company is expanding its footprint through a multi-year OpenAI agreement valued at more than $20 billion and a partnership with Amazon Web Services.

Blackstone Commits $5 Billion to New Google TPU Cloud

Blackstone has committed $5 billion in equity for a majority stake in a new US-based AI cloud joint venture with Google that will sell Google's TPUs as a compute-as-a-service offering.

Blackstone has pledged $5 billion in equity for a majority stake in a new US-based AI cloud company with Google, which will sell access to Google’s Tensor Processing Units outside the Google Cloud Platform. The venture targets 500 MW of capacity by 2027 and signals a sharper challenge to Nvidia’s grip on the AI chip market.