AIThe Next Webabout 2 hours ago
Iluvatar CoreX seeks $850m as shares triple
1 min read
Shanghai chipmaker Iluvatar CoreX is raising about $850m from investors, riding a share price that has more than tripled since January. The company listed in Hong Kong six months ago, pulling in roughly $475m. Iluvatar is in talks to sell ByteDance at least 50,000 chips this year, most for inference.
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