Nvidia challenger Biren secures fresh funding from state-backed investor

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Nvidia challenger Biren secures fresh funding from state-backed investor - SCMP

Quick Summary:

The start-up, valued at US$2.2 billion, secured funding from a private equity entity under Shanghai State-owned Capital Investment.

The move showed Shanghai’s determination to build a “fully domestically produced, independent and controllable” computing system, using made-in-China chips to “solidify the foundation of the country’s AI industry and its global competitiveness”, the SSCI fund said.

The start-up, valued at US$2.