Meituan Backs A.I. Chip Start-Up as Chinese Tech Giants Pour Money Into Semiconductors


Source: newsbreak.com newsbreak.com

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Chinese artificial intelligence chip start-up Axera has raised 800 million yuan ($126 million) from investors including food delivery giant Meituan. Beijing has made boosting self-sufficiency as well as research and development into semiconductors a top priority. That has prompted Chinese tech firms such as Tencent and Alibaba to invest...