Tag: IPO

Chinese start-up Mobvoi is capitalizing on the popularity of generative AI technology in China, with its Xuliehouzi model boasting tens of billions of parameters, competing with OpenAI's 175 billion parameter GPT-3. The company has applied its technology to various products, including smartwatches, wireless earphones, and an AI voice dub assistant. Mobvoi is submitting its IPO plan to the Hong Kong stock exchange, aiming to raise up to US$300 million.

Investing in AI startups may yield significant potential for profits, as most of the best companies are still private. Major players like Nvidia, Alphabet, and Microsoft have their own venture arms to fund innovative technologies. Co-founder of Y Combinator, Paul Graham, advocates for private investing in AI startups.

SoftBank Group's AI focus pays off as shares surge 18% on bullish sales forecast by Nvidia Corp. and upgrades by several companies. IPO aims to raise $10bn.

Tribe Capital is an asset management company seeking out the most promising and talented early-stage venture capitalists and angel investors. With the 2023 rankings, Tribe Capital analyzed over 1,600 investors using Crunchbase and PitchBook data. This year, the process was updated to account for the slower dealmaking environment and women investors, leading to the expanding Seed 30 list. Ultimately, Tribe Capital looks to identify and invest in the best early-stage venture capitalists.

. Mobvoi, a Chinese tech firm, is reportedly aiming to raise $300 million through a Hong Kong initial public offering (IPO). Two banks are chosen to be part of the first-time share sale namely the China International Capital Corporation and the China Merchants Bank International. This move follows the launch of their in-house Artificial Intelligence (AI) platform. Mobvoi creates a variety of AI services, for areas such as finance, telecoms and elderly care, and has gotten funding from Google, Volkswagen, Sequoia and Zhenfund. The IPO launch could come as early as this year.