China's AI Chip Gamble Pays Off for Some China's push for self reliance in technology has yielded unexpected gains for several artificial intelligence chipmakers, with MetaX and Iluvatar reporting profits and Biren narrowing its losses.
The recent earnings reports send a mixed signal to investors, but one thing is clear: Beijing's strategy is paying off for now.
MetaX, which debuted on Shanghai's Star Market just months ago, posted a net profit of 612 million yuan in the first six months of the year.