Xiaomi Said to Mull Investing in AI Chipmaker Black Sesame
- AI chip firm seeking at least $231 million in funding round
- Xiaomi plans $10 billion electric vehicles spending in decade
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Mobile phone giant Xiaomi Corp. is among investors considering joining a funding round of at least 1.5 billion yuan ($231 million) for Black Sesame Technologies Inc., according to people familiar with the matter.
The fundraising would value the Shanghai-headquartered artificial intelligence and autonomous driving chipmaker at as much as $1.5 billion, the people said, asking not to be identified as the matter is private. Black Sesame’s backers in its previous funding round included Tencent Holdings Ltd., one of the people said.