Biren’s $717M Hong Kong IPO: China’s AI chip bet goes public
What Changed and Why It Matters Biren, a Shanghai AI chip designer, went public in Hong Kong after raising about $717 million. The stock priced at HK$19.60 and surged on…
Inside the Balance-Sheet Play Fueling AI Chip Dominance
What Changed and Why It Matters The AI boom isn’t just a model race. It’s a balance-sheet race. Capital is flooding into AI infrastructure—GPUs, HBM memory, high-speed networking, and power.…
Why Big Tech Is Buying AI Startups to Control the Full Stack
What Changed and Why It Matters AI is consolidating. The biggest players want the whole stack. Clouds are designing chips. Chipmakers are buying software. Everyone is pre-selling capacity to everyone…