financetom
Business
financetom
/
Business
/
Blaize Gets Contract for AI Infrastructure in Asia
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Blaize Gets Contract for AI Infrastructure in Asia
Jul 17, 2025 2:35 PM

05:20 PM EDT, 07/17/2025 (MT Newswires) -- Blaize ( BZAI ) said late Thursday its hybrid AI platform will be deployed in collaboration with Starshine Computing Power Technology, a provider of AI infrastructure in Asia, with initial phase beginning in fiscal Q3 and continuing through 2026.

The agreement carries a minimum value of $120 million in revenue over an initial 18-month term, with initial focus on deploying its hybrid AI for smart city applications, the firm said.

The stock was up over 50% in extended trading.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Tamboran Resources Greenlights Shenandoah South Pilot Project
Tamboran Resources Greenlights Shenandoah South Pilot Project
Sep 30, 2025
07:18 AM EDT, 09/30/2025 (MT Newswires) -- Tamboran Resources ( TBN ) said Tuesday the Beetaloo Joint Venture has made a final investment decision for the Shenandoah South Pilot Project, following approvals from Native Title Holders, the Northern Land Council, the Northern Territory Government and key agreements with APA Group and the SPCF Trust. The company said the agreement includes...
Citigroup forecasts Big Tech's AI spending to cross $2.8 trillion by 2029
Citigroup forecasts Big Tech's AI spending to cross $2.8 trillion by 2029
Sep 30, 2025
(Reuters) -Citigroup has raised its forecast for AI-related infrastructure spending by tech giants to surpass $2.8 trillion through 2029, from $2.3 trillion estimated earlier, citing aggressive early investments by hyperscalers and growing enterprise appetite. The AI boom ignited by ChatGPT's launch in late 2022 has continued to fuel staggering capital outlays and data center expansion despite a brief crisis of...
China opens stock option market to foreign investors
China opens stock option market to foreign investors
Sep 30, 2025
SHANGHAI (Reuters) -China opened its stock option market to foreign investors on Tuesday, as Beijing steps up efforts to increase the appeal of yuan assets. The announcement by the Shanghai Stock Exchange comes on the heels of measures to lure global investors into China's bond market, and promote international use of the Chinese yuan. The Shanghai bourse said qualified foreign...
Centerra Buys 9.9% Stake in Liberty Gold for $28 Million
Centerra Buys 9.9% Stake in Liberty Gold for $28 Million
Sep 30, 2025
07:15 AM EDT, 09/30/2025 (MT Newswires) -- Liberty Gold ( LGDTF ) said Tuesday that Centerra Gold ( CGAU ) has acquired a 9.9% stake in the company through a private placement of 50 million shares at $0.56 each, totalling $28 million. The issue price is a 10% premium to the 5-day volume weighted average price of Liberty's shares as...
Copyright 2023-2026 - www.financetom.com All Rights Reserved