Japan’s Preferred Networks seeks IPO to keep up in AI chip race
The Tokyo-based outfit is stepping up efforts to custom-design semiconductors tailored to run AI models.
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).
Written by urgent.news from Japan Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- Japanese AI chip firm Preferred Networks considers IPO techinasia.com
