Nano Labs Invests in Weiheng Technology to Drive AI Innovation

Nano Labs Ltd (NASDAQ: NA) has announced a significant investment in Hangzhou Weiheng Technology Co., Ltd., acquiring a 5% stake in the company.

Weiheng Technology is at the forefront of developing AI-focused ASIC compute-storage chips designed specifically for edge computing and for handling large AI models. Their products are compatible with the latest models from DeepSeek, a noted player in the AI market.

Jianping Kong, the Chairman and CEO of Nano Labs, highlighted the crucial role of AI in transforming various industries. He stated, "The evolution towards cost-performance optimization and practical deployment is expected to accelerate the adoption of AI models across industries such as consumer electronics, embodied intelligence, and intelligent vehicles. This shift will propel the sector towards smarter and more efficient solutions."

Looking ahead, Kong emphasized the upcoming potential of AI technology, predicting that by 2025, it will ignite a new wave of applications in endpoint computing, unlocking vast market opportunities. He expressed confidence in Weiheng Technology, stating, "With its innovative technologies, our invested startup is well-positioned to thrive in this wave, seize greater opportunities, and continue driving global technological progress."

Adding to the competitive landscape, it was noted that a rival Chinese startup, DeepSeek, recently launched an open-source large language model platform. This platform reportedly outperforms OpenAI's ChatGPT while being available at a significantly lower cost, which has caused ripples in the U.S. markets amid increasing concerns about intensifying AI competition at a time when many companies are heavily investing in AI technologies.

In recent developments, Nano Labs also revealed its new FPU3.0, an ASIC architecture aimed at improving AI inference and blockchain performance. The FPU series represents Nano Labs' proprietary ASIC chip architecture, designed to support high-bandwidth high throughput computing applications.

Price Action: As of the latest updates, shares of Nano Labs (NA) have seen a rise of 4.59%, reaching $7.27 in premarket trading.

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