A 25-year-old sixth-form dropout is on the verge of becoming Britain’s newest tech billionaire – after his company was valued at £2.5billion following a nine-figure investment round.
James Dacombe’s firm Olix is hoping to capitalise on the overwhelming demand for the extremely powerful computer chips needed to run artificial intelligence software.
Following a £232million ($312million) funding round that counted the UK Government among its investors, the company has been valued at £2.5billion ($3.3billion) – tripling its value in just six months.
Analysis of the most recent publicly available shareholding data suggests Mr Dacombe holds more than a third of the company’s capital, giving
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