[Anthropic Signs $250 Million Procurement Agreement, Fractile Valuation Rises 6x in 3 Months] Beating AI News: UK-based AI chip startup Fractile is in talks for a new round of financing. According to Bloomberg, citing sources familiar with the matter, the company plans to raise approximately $600 million, with a pre-money valuation reaching $6.5 billion. This valuation has risen rapidly. Fractile just completed a $220 million funding round in May of this year, with a valuation of around $1 billion at the time, led by Accel, Founders Fund, and Factorial Funds. In less than three months, the proposed valuation for the new round has already reached 6.5 times the previous figure. The largest new commitment comes from Anthropic. The two parties have reached a preliminary agreement, with Anthropic planning to purchase approximately $250 million worth of Fractile chips, with the potential for further procurement in the future. Fractile specializes in AI inference chips, though its chips are not expected to be available until 2027. Despite the products not yet being delivered, the valuation has already surged to $6.5 billion. This round of financing is primarily betting on future delivery capabilities and large customer orders from companies like Anthropic. [Original Article Link]