16-Year-Old School Dropout Built a 22.3 Billion Yuan Valued AI Chip Unicorn by 25, Secures New 2.1 Billion Yuan Financing
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A 16-year-old British boy who dropped out of high school spent 9 years growing his third company to a valuation of 3.3 billion US dollars (about 22.3 billion yuan). His newly founded AI chip company OLIX has just closed a $312 million Series B financing round, with both Arm and Netflix co-founder participating in the investment. Only half a year after the previous round of financing, its valuation has surged from $1 billion to $3.3 billion. OLIX's chips have not yet been manufactured, and the first batch of products is scheduled to be delivered in the second half of 2027. Why are investors scrambling to pay for it right now? The answer lies in his re-interpretation of "AI inference". James Dacombe, founder of OLIX, dropped out of high school at the age of 16. At 18, he founded CoMind, a brain monitoring startup that develops medical devices for monitoring brain activity. The company has raised $100 million (about 680 million yuan) to date. In 2024, 23-year-old Dacombe founded OLIX in London to design AI inference chips. Dacombe judges that AI inference is becoming the next trillion-dollar market, and the existing hardware solution, NVIDIA's GPU, is not designed for inference. He used a metaphor: a data center is like a factory that produces text, and generating a piece of text requires many processes, but the current factory runs all processes on the same machine. His...
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