As access to artificial intelligence processors from U.S. companies such as Nvidia (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD) remain restricted, a China-based AI chip company, Biren Technology, has raised new funds as it prepares to launch an initial public offering
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Biren Technology, a Chinese AI chip company, has secured new funding as it prepares for an IPO, amid continued restrictions on access to AI processors from U.S. firms like Nvidia and AMD.