News Summary

• 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.
• The 25-year-old was only 18 when he launched his first company, CoMind, which develops brain-monitoring tools that will allow doctors to observe patients' brain activity without invasive surgery.