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On September 11, Enflame Technology went public on the STAR Market. With this, the 'Top Four AI Chip Companies'—Moore Threads, MetaX, Biren Technology, and Enflame Technology—have all gathered in the capital market, marking a new stage of competition. Against the backdrop of a widening supply-demand gap in domestic AI computing power and urgent demand for domestic alternatives, these four companies have experienced rapid revenue growth, though their profitability remains to be seen. In the future, the company that can first enhance its ability to deliver at scale, improve full-stack software-hardware adaptation efficiency, accelerate product iteration, establish advantages in specific scenarios, and create a profitable chain connecting R&D, performance, ecosystem, and orders will secure a firm foothold in the market.
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