Shocking! "China’s Nvidia" Raises $1B in 7 Days, But Spends It on Financial Products, No GPUs Yet!
Shocking! "China’s Nvidia" Raises $1B in 7 Days, But Spends It on Financial Products, No GPUs Yet!
Udumbara
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"Can you believe it? A company, claiming to be China's equivalent of NVIDIA, went public for just seven days. Instead of producing GPUs that rival NVIDIA’s, it first deposited 7.5 billion RMB from its fundraising into the bank..."
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