Japanese AI startup hits $1bn market cap on revenue of $3m
▻https://asia.nikkei.com/Business/Markets/Japanese-AI-startup-hits-1bn-market-cap-on-revenue-of-3m
TOKYO — A Japanese artificial intelligence startup that had its IPO last week has exceeded $1 billion in market capitalization, even though it has yet to build a solid earnings track record, in a sign that shows an overheating stock market. On Wednesday, Tokyo-based Neural Pocket surged 21% to its daily limit of 8,600 yen. Its share price continued to rise in late afternoon proprietary trading, hitting a high of 10,900 yen. The startup, which went public on the Mothers market less than a (...)
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▻https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fs3-ap-northeast-1.amazonaws.com%2Fpsh-ex-ftnikkei-3937bb4%2Fimages
