On October 16, insiders with knowledge of the situation revealed that chip design startup Bolt Graphics is in the process of seeking approximately $100 million in financing, with an anticipated company valuation hovering around $700 million. The primary objective of this funding round is to fuel the development of graphics chips that can rival those of industry titans NVIDIA and AMD. These two behemoths are persistently ramping up their investments in fundamental hardware research and development. In contrast, Bolt Graphics intends to concentrate its chip design efforts on non-AI domains, including high-precision computing for supercomputers and graphics processing tailored for electronic games. According to individuals close to the matter, the funding process is still underway, and as such, both the scale of the fundraising and Bolt Graphics' valuation are subject to change.