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The Independent UK
The Independent UK
Karl Matchett

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

An AI chip-making firm founded by a British entrepreneur who dropped out of college at 17 has sealed an extraordinary $3.3bn (£2.45bn) valuation after a fundraising round.

London-based Olix, which produces semiconductors and the wider technological framework that underpins the artificial intelligence industry, has tripled in value since February.

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