Japanese AI chip firm Preferred Networks considers IPO
Preferred Networks is also developing industrial large language models through Noetra.
Preferred Networks, a Japanese AI chip startup, is planning to go public in order to keep pace with the escalating competition in the artificial intelligence sector. The company, based in Tokyo and valued at over a billion dollars, is actively working on custom-designed semiconductors specifically tailored to execute AI models efficiently.
CEO Daisuke Okanohara announced that the firm intends to deliver samples of their latest chips to customers by the first half of next year, with a broader commercial launch aimed at corporate clients in both Japan and abroad by December 2027. Okanohara expressed the company's ambition to achieve profitability within the next three years, and this financial milestone is expected to pave the way for a successful initial public offering (IPO).
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- Japan’s Preferred Networks seeks IPO to keep up in AI chip race japantimes.co.jp
