Domyn raises over $1B in funding

Fractile seeks $6.5B valuation in funding talks

UK-based chip startup Fractile is reportedly in discussions to raise funds at a valuation of $6.5 billion. This development signals a strong interest in semiconductor technology as the demand for advanced chips continues to grow globally. Fractile's potential valuation reflects the market's confidence in its technological capabilities and growth potential. If the funding round is successful, it could significantly enhance Fractile's operational capacity and market influence. The outcome of these talks could reshape the competitive dynamics within the semiconductor industry.

Starling Bank's Weekly AI Rollout in Fintech Race

Inner Mongolia Emerges as China's AI Data Center Hub

Inner Mongolia, traditionally known for sheep farming and coal mining, is rapidly becoming a key location for AI data centers in China. Ulanqab, a city in the region, has seen nearly 100 data centers open or begin construction since 2016, driven by cheap electricity and proximity to Beijing. This shift marks a significant investment by Chinese AI companies in their own infrastructure, moving away from reliance on cloud services. However, the region faces challenges with water scarcity, which could impact the sustainability of this growth. The development also aligns with China's strategy to utilize excess renewable energy capacity, although coal still plays a significant role.