Cambrian plans to raise 4.98 billion yuan to invest in large-scale model chips and software platforms

Cambrian recently announced that it plans to issue A-shares to specific objects, raising no more than 4.98 billion yuan. The funds will be used for chip platform projects for large models, software platform projects for large models, and to supplement working capital. The two major projects are expected to be implemented in three years, with total investments of 2.9 billion yuan and 1.6 billion yuan respectively. These projects are aimed at responding to the demand for smart chips in the evolution of large model technology and enhancing the company's comprehensive technical and product strength in complex large model application scenarios.