Logo 03 Jul 2025

AI chip startups filing for IPO

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What happened: On June 30, two AI accelerator startups, Moore Threads and MetaX, have received an initial pass from the Shanghai Stock Exchange for their IPO applications. 

Moore Threads aims to raise RMB 8 billion, while MetaX is seeking RMB 3.9 billion. Neither company has turned a profit.

Why i...