Olix, a photonics startup, has raised $220 million in Series B funding to develop commercial AI chips that process data using light rather than electricity.

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Olix, a photonics startup, has raised $220 million in Series B funding to develop commercial AI chips that process data using light rather than electricity. The company claims its architecture reduces latency thousands of times over, cuts data center energy consumption by 80-90%, and enables parallel computing beyond silicon's physical limits. If successful by late 2026, the cost of training large language models could drop dramatically. The investment signals growing interest in alternatives to Nvidia's semiconductor dominance.
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