According to CoinMeta, Olix announced the completion of the largest chip financing in Europe, with a valuation reaching $3.3 billion. This AI chip startup has tripled its valuation from $1 billion to $3.12 billion in less than six months, thanks to its Series B financing. New investors include Fundomo, Arm, and Hudson River Trading. The co-founder of Netflix, Reed Hastings, also participated in the investment. Olix plans to deliver its first chip, DX-1, to customers in the second half of 2027; this chip is designed to generate AI text output.