By 2020, the scale of Shanghai's key AI industry will exceed 100 billion yuan (US$14.88 billion), forming about 60 application scenarios. Image: iStock

Chinese artificial intelligence unicorn Cambrian said it has raised several hundred million in US funds during its latest Series B financing, and it is considering going public on the A-share market, reported.

“We (will) consider listing on the domestic A-shares market in the future,” said Chen Tianshi, the CEO of Cambrian, though he did not disclose the listing schedule.

After the B round financing, the overall valuation of the company reached US$2.5 billion.

However, an insider in the chip industry thinks the valuation figure only reflects the institutional investors’ expectation of the company.

At present the company is only at B Round, and the next step depends on whether the actual product is accepted by the market and used on a large scale.

To stand firm in the area of today’s AI market, products must have a certain stability and be used for several years along with support for application software upgrades in the long run, the insider added.

Asia Times Financial is now live. Linking accurate news, insightful analysis and local knowledge with the ATF China Bond 50 Index, the world's first benchmark cross sector Chinese Bond Indices. Read ATF now.