UK Sovereign AI Fund joins round valuing Anthropic chip supplier Fractile at about $6.5bn, Telegraph reports

The Telegraph, citing sources, says the taxpayer-backed fund is among new investors in a round of around $700m led by Lightspeed and Redpoint that could be announced as soon as next week; Anthropic reportedly has a $250m chip deal with the London start-up, and neither company has confirmed the round.