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Russia is open to listening to new proposals on how to reach a settlement on the Ukraine conflict, a senior Russia...
British chipmaker Fractile will invest £100 million over the next three years to expand its artificial intelligence hardware operations in the UK, opening a new engineering facility in Bristol as it ramps up production of next-generation AI systems.
The London-headquartered semiconductor firm said the investment, worth approximately $136 million, will strengthen its domestic engineering capabilities and accelerate development of advanced chips designed to run increasingly complex AI models faster than existing hardware.
Central to the expansion is a new hardware engineering site in Bristol, in western England. The facility will assemble Fractile’s proprietary chips into complete AI systems and include a dedicated testing laboratory for software tailored to emerging compute technologies.
The move is expected to significantly increase the company’s production capacity while enhancing research and development efforts.
The UK government welcomed the announcement, describing it as a vote of confidence in Britain’s technology sector, which it says is now valued at more than £1 trillion. Officials view semiconductor innovation and AI infrastructure as strategically important industries amid intensifying global competition.
AI Minister Kanishka Narayan, who is due to formally announce the investment at a London event, said Fractile’s plans demonstrate how British firms can play a leading role in advanced computing. He added that expanding domestic chip production strengthens the UK’s position in the rapidly evolving AI landscape.
The investment comes at a time of surging demand for AI processing power worldwide, as businesses and governments race to deploy faster, more efficient systems capable of supporting next-generation machine learning models.
Shipping traffic through the Strait of Hormuz remains limited on Thursday, with no increase in vessel crossings as U.S.-Iran talks to resolve the conflict remained stalled. Nine commodity vessels transited the key waterway on Wednesday, unchanged from the previous day, according to Kpler data.
Shipping through the Strait of Hormuz has slowed, according to the latest data, as uncertainty over the waterway’s reopening kept most shipowners away. Six commodity vessels crossed the strait on Tuesday, down from nine the day before and below the 10-day daily average of 11.
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Parts of Europe and the Arctic will briefly fall into darkness on Wednesday, 12 August, as the Moon passes between Earth and the Sun in a total solar eclipse.
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