<ul><li>Oxford-based startup Lumai has secured more than €9.2 million to reduce AI processing costs and enhance performance.</li><li>The funding round was led by Constructor Capital and included participation from existing and new investors.</li><li>Lumai will use the investment to support product development, expand its team, and establish a stronger presence in the US.</li><li>Lumai's optical computing technology aims to overcome scalability challenges and significantly reduce power consumption for AI data centres.</li></ul>

Lumai secures more than €9.2 million to slash AI processing costs and boost performance

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