Earlier today OLIX, a two-year-old London AI chip startup founded by James Dacombe (pictured), announced a $312m Series B financing round at a $3.3bn valuation. OLIX designs every part of its systems: the chips, the lasers and the network that connects them. Its systems are delivered as complete racks for the most demanding inference workloadsOLIX believes the industry’s approach to building AI inference hardware is reaching its efficiency limits. The first chip OLIX is building, within the X-1 platform, is DX-1, its decode accelerator, designed for the stage at which a model reasons and generates its output. OLIX is hiring across silicon, photonics, compiler and systems engineering in London, Bristol, Austin, Toronto and San Francisco.