Chip maker Black Sesame is burning $140M annually, as the company's numbers post-IPO filing have become public. The Chinese company is seen as a potential competitor for market leaders such as Nvidia and Qualcomm. The seven-year-old company specializes in manufacturing chips that can be utilized to power autonomous cars. - Black Sesame's most advanced chip, the Huashan A1000 Pro, powers Level 3 autonomous driving.
- This chip's computing power exceeds 160+ TOPS.
- Black Sesame is in the process of producing a chip with over 200+ TOPS, naming it comparable to Nvidia's Drive Orin.
- While its revenue in the last three years has tripled from $7.3M to $22M, its losses have grown even more, reaching $140M in 2022.
- Its 29% gross profit margin also lags behind Nvidia's 65% margin.
- Investors have questioned whether the company has managed to properly utilize the $115M it has raised in its seven years of operating.
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