Manycore, the first of the Hangzhou ‘Little Dragons’ to go public, pushes 'spatial intelligence' as the next wave of AI development | Fortune
Manycore Tech debuts on Hong Kong's stock exchange today, following a $130 million IPO—and contributing to the Chinese city's AI listing boom.
➤ Manycore Tech, a Hangzhou-based AI startup focusing on 'spatial intelligence,' has debuted on the Hong Kong stock exchange following a $130 million IPO. ➤ The company aims to develop AI models that can operate autonomously in the real world, differentiating itself from language-based LLMs by utilizing a vast repository of 3D assets for training. ➤ The IPO is seen as crucial for attracting talent and resources, contributing to Hong Kong's growing AI listing boom, despite challenges in monetizing AI and the broader real estate market slump in China.
