AI Chip Unicorn, BirenTech, Aims for IPO, Leading the Way in Domestic High-End General-Purpose Intelligent Computing Chips

AI Chip Unicorn, BirenTech, Aims for IPO, Leading the Way in Domestic High-End General-Purpose Intelligent Computing ChipsShanghai Biren Technology Co., Ltd

AI Chip Unicorn, BirenTech, Aims for IPO, Leading the Way in Domestic High-End General-Purpose Intelligent Computing Chips

Shanghai Biren Technology Co., Ltd. completed its guidance filing registration with the Shanghai Securities Regulatory Bureau on September 12th, aiming for an initial public offering. Guotai Junan Securities serves as the guidance broker. This AI chip unicorn is dedicated to developing original general-purpose computing systems, establishing efficient hardware and software platforms, and simultaneously providing integrated solutions in the field of intelligent computing.

BirenTech's development path is clear and unwavering: first focusing on cloud-based general-purpose intelligent computing, gradually surpassing existing solutions in multiple areas such as AI training and inference, ultimately achieving the breakthrough goal of domestic high-end general-purpose intelligent computing chips.

At the recent 2024 Global AI Chip Summit, BirenTech unveiled its original heterogeneous GPU collaborative training solution. This solution overcame the challenge of isolated heterogeneous computing power for large models, marking China's first breakthrough in heterogeneous multi-GPU chip computing power training technology.

Zhang Wen, founder, chairman, and CEO of BirenTech, stated, "The chip industry, particularly the general-purpose intelligent chip industry, is a typical capital-intensive and talent-intensive sector. Combined with large-scale application scenarios, these three factors drive the success of companies."

Public information reveals that BirenTech has completed multiple rounds of financing, with publicly disclosed funding exceeding RMB 50 billion. Investors include renowned institutions such as Qiming Venture Partners, IDG Capital, Walden International, Ping An Group, Hillhouse Capital, Gree Venture Capital, Songhe Capital, Yunhui Capital, Guosheng Capital, and China Merchants Capital.

BirenTech's IPO will further propel the development of domestic high-end general-purpose intelligent computing chips, injecting fresh momentum into the flourishing Chinese AI industry. Looking ahead, BirenTech will continue to enhance its core technologies, expand its market share, and strive to become a global leader in AI chips.

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