The company has become the de facto alternative to Nvidia's AI accelerators, which have been banned in the country due to sanctions. ( read original story ...)
Stock market today: Asian shares track Wall Street rally despite mixed signals on regional economies
Asian shares are mostly higher after a rally on Wall Street fueled by the frenzy around artificial intelligence ... ( read original story ...)
Stock market today: Asian shares are mixed after Wall St logs 15-month high close on AI hopes
Shanghai and Hong Kong fell on selling of property shares after troubled developer China Evergrande reported its total debts rose in the past two years to about $340 billion. ( read original story ...)
Megvii still wants IPO; execs filing $840M offering
Having unsuccessfully tried twice before to float an IPO, Chinese AI and biometrics firm Megvii is preparing its third try. ( read original story ...)
Biren Intelligent Technology Exploring IPO amid Rising AI Hype
The proposed IPO and funding round comes at a time when the demand for AI chips is skyrocketing across various industries. Biren’s advanced chip solutions have gained recognition for their superior ... ( read original story ...)
China AI Chip Firm Targeting Nvidia Seeks Hong Kong IPO in 2023
Chinese chip startup Shanghai Biren Intelligent Technology Co. is considering an initial public offering in Hong Kong as soon as this year, according to people familiar with the matter, aiming to ... ( read original story ...)
Stock market today: Asian shares extend losses after China reports lower growth than expected
Australia's S&P/ASX 200 shed 0.3% to 7,276.00. South Korea's Kospi lost 0.5% to 2,606.19. Hong Kong's Hang Seng gave up 1.9% to 19,037.07, while the Shanghai Composite dropped 0.3% to 3,200.76. On ... ( read original story ...)