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The South Korean AI chip startup, DeepX, aims to embark on a fresh funding round that is anticipated to surpass last year's Series C financing, with aspirations to go public within the next two years. This pivotal funding initiative is being facilitated by Morgan Stanley. DeepX has forged a partnership with Baidu to develop industrial AI projects and has integrated into Baidu's PaddlePaddle framework. The company is dedicated to the development of low-power device chips, positioning itself as a competitor to industry titans like NVIDIA. With the South Korean government's backing for AI chip development and DeepX's promising strides in securing funding and forming strategic alliances, the company's global market competitiveness is poised for further growth.
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