Chinese AI chip developer Biren files for IPO despite US trade restrictions

Chinese AI chip developer Biren files for IPO despite US trade restrictions

Chinese GPU maker Biren Technology has recently filed for an upcoming IPO with the Shanghai Securities Regulatory Commission, following in the footsteps of Shanghai Enflame, another China-based AI chip maker that recently initiated an IPO. This move has attracted significant attention, as Biren Technology is on the Entity List published by the US Department of Commerce's Bureau of Industry and Security (BIS).

Chinese Tech Firms Navigate AI Development Under Strict Regulations

Chinese companies have been proceeding with caution regarding the release of their artificial intelligence technologies due to strict regulations enforced by the government. Baidu emerged as a pioneer with its generative AI application, the Ernie Bot, which reportedly boasts a user base of 300 million.… Read the rest The post Chinese Tech Firms Navigate AI Development Under Strict Regulations appeared first on elblog.pl.