[News] Former Intel CEO Pat Gelsinger Becomes an Investor for UK AI Startup Fractile

---

---

According to a report from Liberty Times, former Intel CEO Pat Gelsinger, who was announced as having “retired” from the company on December 2, 2024, revealed that he has become a seed investor in the UK-based AI chip startup Fractile.ai.

I am thrilled to be a seed investor in @Fractile_ai, addressing the challenges of in-memory computing for AI. Low-cost inferencing is the future, and Fractile.ai is leading the way in cost and power-efficient AI at scale. https://t.co/XXXXX

— Pat Gelsinger (@PGelsinger) January 24, 2025

Gelsinger expressed his excitement on X, stating that he is thrilled to be a seed investor in Fractile.ai. He elaborated on his view of the future of AI, highlighting the increasing dominance of low-cost inferencing and emphasizing that reducing both cost and power consumption is essential to making AI scalable and practical. He further remarked that no approach excites him more than what Fractile.ai offers.

He went on to point out that Fractile.ai is addressing the challenges of in-memory computing by leveraging advanced semiconductor circuits, as the report mentions. He emphasizes that this concept was one he had explored during his time as a graduate student 40 years ago and believes it could potentially become the mainstream method for AI computation in the future, as reported by Liberty Times.

What Does Fractile.ai Do?

As noted by a report from Data Center Dynamics, the UK-based company Fractile.ai has been working on developing chips that leverage in-memory compute technology. This innovative approach allows processors to execute calculations directly within computer memory. According to its CEO, Dr. Walter Goodwin, this strategy is designed to produce hardware that reduces power consumption, boosts performance, and facilitates faster, more affordable inference at scale.

The report from Data Center Dynamics highlights that Fractile.ai has raised USD15 million in funding from Kindred Capital, the NATO Innovation Fund, Oxford Science Enterprises, and several angel investors. Notable among the investors is Stan Boland, an entrepreneur and former executive at Arm and Acorn Computers, who has successfully built and sold several chip and AI companies.

Read more

• [News] Intel’s Potential Buyers Speculated Ahead of Trump’s Inauguration: A Quick Round-up
• [News] Intel Confirms Panther Lake, First Processor Manufactured with 18A Node, to Launch in 2H25

(Photo credit: Intel)