Latest news with #DinakarMunagala
Business Wire
2 days ago
- Business
- Business Wire
Blaize Announces Second Quarter 2025 Financial Results
EL DORADO HILLS, Calif.--(BUSINESS WIRE)-- Blaize Holdings, Inc. (NASDAQ: BZAI) ('Blaize'), a leader in programmable, energy-efficient edge AI computing, today announced financial results for the quarter ended June 30, 2025 – a quarter that marks a critical inflection point as Blaize shifts from technology validation to execution. Blaize is deploying its technologies to progress sovereign AI strategies, delivering intelligence to critical infrastructure, and powering AI for public safety networks, including citywide traffic management. Optimized by its programmable, power-efficient Blaize AI Platform, we are enabling Hybrid AI deployments that complement existing GPU systems and running multimodal workloads such as vision, audio and sensor data with greater efficiency and lower total cost. Hybrid AI is an architectural approach that combines multiple types of AI hardware across edge and cloud environments, assigning each task to the optimal processor. With Blaize's hybrid AI approach, existing GPU systems handle large-scale training and complex AI in the cloud, while Blaize's purpose-built platform runs fast, power-efficient inference for workloads like live video, small language models, and sensor data directly at the edge or in the cloud — reducing latency, improving performance-per-watt, and lowering total cost of ownership. 'In recent months, we've turned vision into results, securing major contracts to power large-scale customer deployments in the near term, and launching the Blaize AI Platform to accelerate Hybrid AI adoption,' said Dinakar Munagala, co-founder and CEO of Blaize. 'With strong revenue growth, a growing customer base, and a platform built for scale, we believe we are entering a new chapter defined by execution and momentum.' Second Quarter 2025 Financial Highlights (1) NM signifies not meaningful, as the derived percentage is not meaningful to investors. (2) Blaize defines gross margin as gross profit divided by revenue, and gross profit as revenue less cost of revenue (excluding depreciation and amortization). Expand (1) NM signifies not meaningful, as the derived percentage is not meaningful to investors. (2) Blaize defines non-GAAP gross margin as non-GAAP gross profit divided by revenue, and non-GAAP gross profit as revenue less cost of revenue (excluding depreciation and amortization) and non-recurring inventory cost realignments. Expand Revenue for the second quarter of 2025 was approximately $2.0 million, an increase of 97% compared to the first quarter of 2025, and exceeding the upper limit of guidance by approximately 17%. This increase was largely driven by the initial shipments of our South Asia purchase order. Adjusted EBITDA loss, a non-GAAP measure of underlying operating performance, in the second quarter of 2025 was $12.9 million, compared to an Adjusted EBITDA loss of $15.4 million in the first quarter of 2025, reflecting a stable cost base and improved gross margin. For a definition and a reconciliation of Adjusted EBITDA loss to net loss, the most directly comparable GAAP financial metric, see the section entitled, 'Non-GAAP Measures' and 'Reconciliation of GAAP and Non-GAAP Measures' table below, respectively. Cash and cash equivalents totaled $29.1 million, including $0.5 million held in escrow as of June 30, 2025. Recent Business Announcements and Updates Blaize is continuing to capitalize on growing global demand for edge AI, translating pipeline into execution across priority sectors. In the first half of 2025, the company advanced from pilot programs to real deployments, including two foundational contracts that Blaize secured recently that help to validate its product-market fit and reinforce the global demand for Hybrid AI infrastructure. A $120 million agreement with Starshine, a strategic systems partner with customers across Asia, to deliver sovereign-ready Hybrid AI infrastructure in Thailand, Indonesia, India, Korea, China, and beyond. Deployments under this contract are expected to commence in Q3 2025. A $56 million purchase order for smart infrastructure rollout in South Asia, which is expected to enable 250,000 cameras with AI capabilities for improved smart traffic management and public safety. To date, $1.8 million of this purchase order has been shipped with a remaining backlog of $4.6 million expected this year. This purchase order includes a software component of around 15% per server. Both Starshine and the South Asia contracts are expected to be fulfilled by the end of 2026. These projects underscore the potential market demand for Blaize's platform model and are being executed through strong relationships and partner-led go-to-market strategies. With over $725 million in active global pipeline opportunities through 2027, over $300 million of which represents revenue opportunities in advanced discussions, and other pipeline projects in the initial stages of technical evaluation, we believe we are positioned as a potential critical player in powering the era of Hybrid AI. Any such opportunities are subject to change and the timing and ultimate amount of any contracted revenue, if any, remains uncertain. Introducing the Blaize AI Platform: Infrastructure for the Hybrid Era Blaize recently launched the Blaize AI Platform, a programmable, plug-and-play AI infrastructure stack built for edge-to-cloud deployments. The platform combines Blaize's GSP-based silicon, verticalized software stacks, low-code/no-code SDKs, and a fast-growing ecosystem of solution providers and system integrators. By reducing latency, cost, and deployment friction, the Blaize AI Platform enables faster time-to-value for AI applications across smart cities, defense, logistics, and industrial automation. Company Outlook and Execution Readiness Looking ahead, Blaize expects continued revenue growth from existing contracts and new wins across Asia, the Americas, and the Gulf Region. In anticipation of meeting this growing customer demand, the Company continues to: work closely with chip and contract manufacturers to secure supply chain capacity; align technical milestones with billing cycles to optimize revenue timing; enhance internal systems to scale order fulfilment and revenue recognition across our hardware and software platforms; advance next generation platform development to enable larger, more complex deployments in the future. Mr. Munagala added: 'We've architected not just our products, but our company to scale. Whether it's smart infrastructure, autonomous zones, or next generation defense applications, Blaize is delivering intelligence where it's needed most, from city streets to vital security operations.' Financial Outlook for Third Quarter 2025 and Fiscal Year 2025 The following forward-looking statements are based on current expectations, and actual results may differ materially, as described below in 'Cautionary Statement Regarding Forward-Looking Statements.' Earnings Conference Call Dinakar Munagala, Chief Executive Officer of Blaize, and Harminder Sehmi, Chief Financial Officer of Blaize, will host a conference call at 2:00 p.m. Pacific Time today, August 14, 2025, to discuss the Company's financial results and outlook. A live webcast will be accessible on Blaize's investor relations website at and an archived conference call webcast will be available on Blaize's investor relations website for one year following the live call. About Blaize Blaize provides a full-stack programmable processor architecture suite and low-code/no-code software platform that enables AI processing solutions for high-performance computing at the network's edge and in the data center. Blaize solutions deliver real-time insights and decision-making capabilities at low power consumption, high efficiency, minimal size and low cost. Headquartered in El Dorado Hills (CA), Blaize has more than 200 employees worldwide with teams in San Jose (CA) and Cary (NC), and subsidiaries in Hyderabad (India), Leeds and Kings Langley (UK). To learn more, visit or follow us on LinkedIn @blaizeinc. Non-GAAP Measures To supplement Blaize's condensed consolidated financial statements presented in accordance with generally accepted accounting principles in the United States ('GAAP'), management utilizes earnings before interest, tax, depreciation and amortization ('EBITDA'), EBITDA adjusted for irregular or non-recurring items ('Adjusted EBITDA'), non-GAAP gross profit, non-GAAP gross margin, non-GAAP research and development expense and non-GAAP sales, general and administrative expense, which are non-GAAP financial measures. EBITDA. Adjusted EBITDA, non-GAAP gross profit and non-GAAP gross margin are used to evaluate operating profitability on a more variable cost basis. Non-GAAP research and development expense and non-GAAP sales, general and administrative expense are used to evaluate financial performance. These non-GAAP measures facilitate a more direct comparison of our operating and financial performance relative to competitors as well as assist us in evaluating performance consistently across periods by excluding the impact of certain items that we believe do not directly reflect our core operations and are therefore not considered in measuring ongoing performance. We define Adjusted EBITDA as net loss before interest, taxes, depreciation and amortization, certain non-cash items and other adjustments that are excluded from the Company's assessment of ongoing operating performance, including but not limited to (a) stock-based compensation; (b) non-recurring inventory cost realignments; and (c) other non-recurring expenses. We define non-GAAP gross profit as revenue less cost of revenue (excluding depreciation and amortization) and non-recurring inventory cost realignments. We define non-GAAP gross margin as non-GAAP gross profit divided by revenue. We define non-GAAP research and development expense and non-GAAP sales, general and administrative expense as the related GAAP expense less certain non-cash items, including but not limited to stock-based compensation. We believe these measures are valuable to management and that providing these non-GAAP measures allows management, investors and other users of our financial information to more fully and accurately assess Blaize's performance. The non-GAAP measures should not be considered in isolation or as an alternative to GAAP measures such as net income (loss) or other financial statement data presented in our condensed consolidated financial statements as an indicator of our financial performance or liquidity. The non-GAAP measures presented may be determined or calculated differently by other companies and may not be directly comparable to that of other companies. In reliance on the exception provided by Item 10(e)(1)(i)(B) of Regulation S-K, we have not reconciled the forward-looking Adjusted EBITDA guidance for the third quarter of 2025 or full fiscal year 2025 included above because we are unable to quantify certain amounts that would be required to be included in net income (loss), the most directly comparable GAAP measure, without unreasonable efforts due to the high variability and difficulty in predicting, with reasonable certainty, certain items excluded from Adjusted EBITDA. Consequently, we believe such reconciliation would imply a degree of precision that would be misleading to investors. Preparation of such reconciliations would require a forward-looking balance sheet, statement of income and statement of cash flow, prepared in accordance with GAAP, and such forward-looking financial statements are unavailable to Blaize without unreasonable effort. For the same reasons, Blaize is unable to address the probable significance of the unavailable information. We expect the variability of these excluded items may have an unpredictable, and potentially significant, impact on our future GAAP financial results. Cautionary Statement Regarding Forward Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended (the 'Securities Act'), and Section 21E of the U.S. Securities Exchange Act of 1934, as amended (the 'Exchange Act') that are based on beliefs and assumptions and on information currently available to Blaize, including statements regarding the collaboration with Starshine, the ultimate value of our recent contracts, including the South Asia contract and related purchase orders, the expectations for the Hybrid AI rollout, the projected growth of Hybrid AI, the industry in which Blaize operates, market opportunities, and product offerings. In some cases, you can identify forward-looking statements by the following words: 'may,' 'will,' 'could,' 'would,' 'should,' 'expect,' 'intend,' 'plan,' 'anticipate,' 'believe,' 'estimate,' 'predict,' 'project,' 'potential,' 'continue,' 'ongoing,' 'target,' 'seek' or the negative or plural of these words, or other similar expressions that are predictions or indicate future events or prospects, although not all forward-looking statements contain these words. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including but not limited to: (i) changes in domestic and foreign business, market, financial, political and legal conditions; (ii) the ability to maintain compliance with stock exchange listing standards; (iii) failure to realize the anticipated benefits of the business combination of Blaize and Burtech Acquisition Corp., which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (iv) the ability of the Company to successfully market its products and services; (v) the ability of the Company to successfully deploy its technologies across customer settings; (vi) changes in applicable law or regulations; (vii) the outcome of any legal proceedings that have been or may be instituted against Blaize; (viii) the effects of competition on Blaize's future business; (ix) the ability of the combined company to issue equity or equity-linked securities or obtain debt financing; and (x) those factors discussed under the heading 'Risk Factors' in our Annual Report on Form 10K filed with the Securities and Exchange Commission (SEC) on April 14, 2025, and other documents filed by Blaize from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Blaize assumes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law, including the securities laws of the United States and the rules and regulations of the SEC. Blaize does not give any assurance that it will achieve its expectations. The financial projections in this release are forward-looking statements that are based on assumptions that are inherently subject to significant uncertainties and contingencies, many of which are beyond Blaize's control. While such projections are necessarily speculative, Blaize believes that the preparation of prospective financial information involves increasingly higher levels of uncertainty the further out the projection extends from the date of preparation. The assumptions and estimates underlying the projected results are inherently uncertain and are subject to a wide variety of significant business, economic and competitive risks and uncertainties that could cause actual results to differ materially from those contained in the projections. The inclusion of financial information or projections in this press release should not be regarded as an indication that Blaize, or its representatives and advisors, considered or consider the information or projections to be a reliable prediction of future events. The independent registered public accounting firm of Blaize has not audited, reviewed, compiled or performed any procedures with respect to the projections for the purpose of their inclusion in this press release and, accordingly, has not expressed an opinion or provided any other form of assurance with respect thereto for the purpose of this press release. BLAIZE HOLDINGS, INC. (Unaudited) (Amounts in thousands, except shares and per share amounts) As of June 30, 2025 Assets Current assets: Cash and cash equivalents $ 28,588 $ 50,237 Funds held in escrow 503 — Accounts receivable, net 1,310 55 Accounts receivable - related party, net (Note 15) 1,841 — Inventories 8,234 8,561 Prepaid expenses and other current assets 6,937 14,837 Total current assets 47,413 73,690 Property and equipment, net 1,603 2,081 Deferred income tax assets 2,210 2,157 Operating lease right-of-use assets 1,463 1,773 Other assets 1,139 815 Total assets $ 53,828 $ 80,516 Liabilities and stockholders' deficit Current liabilities: Accounts payable $ 16,533 $ 7,904 Accrued expenses and other current liabilities 13,417 11,996 Accrued loss on purchase commitments 601 603 Accrued compensation 1,850 1,613 Income tax payable 2,352 2,109 Operating lease liabilities, current 502 578 Working capital loan (Note 8) 1,500 — Advances from related party (Note 8) 2,857 — Warrant liabilities, current — 14,711 Convertible notes, current — 148,629 Total current liabilities 39,612 188,143 Operating lease liabilities 928 1,166 Earnout share liabilities 16,764 — Other liabilities 1,334 1,670 Total liabilities 58,638 190,979 Commitments and contingencies (Note 14) Stockholders' deficit: Common stock - $0.0001 par value; 600,000,000 and 136,562,809 shares authorized as of June 30, 2025 and December 31, 2024, respectively, 98,881,933 and 48,376,052 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 10 5 Additional paid-in capital 610,335 318,783 Shareholder note receivable (8,554 ) — Accumulated deficit (606,601 ) (429,251 ) Total stockholders' deficit (4,810 ) (110,463 ) Total liabilities and stockholders' deficit $ 53,828 $ 80,516 Expand BLAIZE HOLDINGS, INC. (Unaudited) Three Months Ended Six Months Ended (Amounts in thousands, except shares and per share amounts) June 30, 2025 March 31, 2025 June 30, 2024 June 30, 2025 June 30, 2024 Revenue Hardware revenue $ 57 $ 1,007 $ 2 $ 1,064 $ 5 Software revenue 300 — — 300 — Hardware revenue - related party (Note 15) 1,362 — — 1,362 — Software revenue - related party (Note 15) 263 — — 263 — Engineering services revenue - related party (Note 15) — — 221 — 767 Total revenue 1,982 1,007 223 2,989 772 Costs and expenses Cost of revenue (exclusive of depreciation and amortization) 804 327 257 1,131 563 Research and development 9,613 13,118 5,872 22,731 9,966 Selling, general and administrative 12,992 13,357 5,004 26,349 8,992 Depreciation and amortization 456 191 184 647 437 Transaction costs — 12,035 41 12,035 86 Total operating expenses 23,865 39,028 11,358 62,893 20,044 Loss from operations (21,883 ) (38,021 ) (11,135 ) (59,904 ) (19,272 ) Other expense, net Debt financing charge on convertible notes — — (464 ) — (464 ) Loss on foreign exchange transactions (37 ) (29 ) (44 ) (66 ) (93 ) Change in fair value of convertible notes — (165,703 ) (5,872 ) (165,703 ) (10,523 ) Change in fair value of warrant liabilities — (60,345 ) 4,860 (60,345 ) 1,345 Change in fair value of earnout share liabilities (7,257 ) 116,518 — 109,261 — Change in fair value of unissued shares (300 ) — — (300 ) — Other, net (73 ) (19 ) 633 (92 ) 404 Total other expense, net (7,667 ) (109,578 ) (887 ) (117,245 ) (9,331 ) Loss before income taxes (29,550 ) (147,599 ) (12,022 ) (177,149 ) (28,603 ) Provision for income taxes 39 162 131 201 293 Net loss $ (29,589 ) $ (147,761 ) $ (12,153 ) $ (177,350 ) $ (28,896 ) Net loss per share - basic and diluted $ (0.28 ) $ (1.61 ) $ (0.89 ) $ (1.80 ) $ (2.12 ) Weighted average number of shares outstanding - basic and diluted 104,588,373 91,747,685 13,623,106 98,374,632 13,618,188 Expand BLAIZE HOLDINGS, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) Six Months Ended June 30, (Amounts in thousands) 2025 2024 Cash flows from operating activities: Net loss $ (177,350 ) $ (28,896 ) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 647 437 Noncash lease expense 310 304 Debt financing charge on convertible notes — 464 Stock-based compensation 18,606 683 Credit loss expense — 10 Deferred income taxes (53 ) 29 Change in fair value of unissued shares 300 — Change in fair value of earnout share liabilities (109,261 ) — Change in fair value of convertible notes 165,703 10,523 Change in fair value of warrant liabilities 60,345 (1,345 ) Other 43 — Changes in operating assets and liabilities: Accounts receivable, net (1,255 ) (1,731 ) Accounts receivable - related party, net (1,841 ) (67 ) Inventories 327 (1,947 ) Prepaid expenses and other current assets 19,066 (210 ) Other assets (301 ) 192 Accounts payable and accrued liabilities (6,964 ) 894 Operating lease liabilities (314 ) (279 ) Income taxes payable (280 ) 180 Accrued loss on purchase commitments (2 ) (1,889 ) Accrued compensation 237 1,388 Other liabilities (336 ) (366 ) Net cash used in operating activities (32,373 ) (21,626 ) Cash flows from investing activities: Purchases of property and equipment (681 ) (81 ) Net cash used in investing activities (681 ) (81 ) Cash flows from financing activities: Merger and PIPE financing, net of transaction costs 15,874 — Payment of deferred offering costs (4,332 ) (152 ) Repayment of advances to related party (114 ) — Repayment of short term demand notes — (4,750 ) Proceeds from exercise of stock options — 42 Proceeds from convertible notes — 110,718 Net cash provided by financing activities 11,428 105,858 Net change in cash, cash equivalents and restricted cash (21,626 ) 84,151 Cash, cash equivalents and restricted cash at beginning of period 50,488 3,213 Cash, cash equivalents and restricted cash at end of period $ 28,862 $ 87,364 Components of cash, cash equivalents and restricted cash: Cash and cash equivalents $ 28,588 $ 87,364 Restricted cash (included within other assets) 274 — Total cash, cash equivalents and restricted cash $ 28,862 $ 87,364 Supplemental cash flow disclosures: Cash paid for income taxes $ 438 $ 120 Cash paid for interest — 245 Supplemental non-cash disclosures: Property and equipment acquired in accounts payable and accrued expenses and other current liabilities — 909 Capitalized deferred offering costs included in accounts payable and accrued expenses and other current liabilities 380 1,631 Issuance of warrants with convertible notes — 4,816 Conversion of convertible notes to common stock 314,334 — Net exercise of warrants for common stock 75,056 — Issuance of warrants for professional services 167 — Issuance of common stock for shareholder note receivable 8,754 — Redemption of common shares with cash held in escrow 33,157 — Expand BLAIZE HOLDINGS, INC. (Unaudited) Three Months Ended Six Months Ended (Amounts in thousands, except gross margin) June 30, 2025 March 31, 2025 June 30, 2024 June 30, 2025 June 30, 2024 Gross profit - GAAP $ 1,178 $ 680 $ (34 ) $ 1,858 $ 209 Gross margin - GAAP 59 % 68 % (15) % 62 % 27 % Non-cash inventory cost realignment adjustments 81 (625 ) — (544 ) (25 ) Gross profit - Non-GAAP $ 1,259 $ 55 $ (34 ) $ 1,314 $ 184 Gross margin - Non-GAAP 64 % 5 % (15) % 44 % 24 % Research and development expense - GAAP $ 9,613 $ 13,118 $ 5,872 $ 22,731 $ 9,966 Stock-based compensation (3,196 ) (5,975 ) (170 ) (9,171 ) (350 ) Research and development expense - Non-GAAP $ 6,417 $ 7,143 $ 5,702 $ 13,560 $ 9,616 Selling, general and administrative - GAAP $ 12,992 $ 13,357 $ 5,004 $ 26,349 $ 8,992 Stock-based compensation (4,370 ) (5,065 ) (176 ) (9,435 ) (333 ) Selling, general and administrative - Non-GAAP $ 8,622 $ 8,292 $ 4,828 $ 16,914 $ 8,659 Net loss $ (29,589 ) $ (147,761 ) $ (12,153 ) $ (177,350 ) $ (28,896 ) Depreciation and amortization 456 191 184 647 437 Provision for income taxes 39 162 131 201 293 Interest expense/(income), net (314 ) (399 ) (633 ) (713 ) (404 ) EBITDA (29,408 ) (147,807 ) (12,471 ) (177,215 ) (28,570 ) Stock-based compensation 7,566 11,040 346 18,606 683 Fair value changes and financing charges 7,557 109,530 1,476 117,087 9,642 Non-cash inventory cost realignment adjustments 81 (625 ) — (544 ) (25 ) Other adjustments (1) 1,271 12,482 89 13,753 183 Adjusted EBITDA $ (12,933 ) $ (15,380 ) $ (10,560 ) $ (28,313 ) $ (18,087 ) Expand (1) Other adjustments include, but is not limited to, legal, accounting and consulting fees incurred in connection with the Merger and the impact of other items management does not believe relate to the core operations of the business (foreign exchange gains and losses, litigation expense, etc.). Management believes these costs are not reflective of our ongoing operating performance and that excluding these costs provides a more meaningful comparison of our performance over periods. Expand
Business Insider
19-07-2025
- Business
- Business Insider
Blaize Stock (BZAI) Rockets 80% on $120M AI Deal
Blaize (BZAI) stock underwent a massive rally on Friday after the programmable, energy-efficient edge AI computing company announced a major artificial intelligence (AI) contract. It has secured an agreement with Starshine Computing Power Technology Limited that will see its technology deployed in AI data centers in Asia starting in Q3 2025 and continuing through 2026. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Blaize will benefit from this collaboration, as it will bring in $120 million in revenue over its initial 18-month period. The agreement will result in Blaize's AI offerings being used in smart city applications, including cities across India, Indonesia, Japan, South Korea, and China. Blaize cofounder and CEO Dinakar Munagala said, 'Asia represents a $112B opportunity for next generation intelligent systems, and inference is leading the charge. Our hybrid AI platform is designed to deliver the efficiency, flexibility, power, and support for multimodal workloads to meet this surge, especially at the edge.' Blaize Stock Movement Today Blaize stock was up 81.52% in pre-market trading on Friday, extending an 8.6% rally from yesterday. Even so, the shares have decreased 79.8% year to date and 72.92% over the past 12 months. Today's rally came with heavy trading of BZAI stock, with some 31 million shares traded, compared to a three-month daily average of about 396,000 units. Is Blaize Stock a Buy, Sell, or Hold? Turning to Wall Street, the analysts' consensus rating for Blaize is Moderate Buy, based on two Buy and one Sell rating over the past three months. With that comes an average BZAI stock price target of $6.50, representing a potential 114.52% upside for the shares.
Yahoo
18-07-2025
- Business
- Yahoo
Blaize Stock Doubles After $120 Million AI Deal Across Asia
Blaize Holdings (BZAI, Financials) stock jumped 100% on Friday after the company signed a $120 million deal with Starshine Computing Power Technology to grow its AI infrastructure across Asia. Warning! GuruFocus has detected 5 Warning Signs with BZAI. The 18-month partnership will bring Blaize's hybrid AI platform, which incorporates its Graph Streaming Processor technology, to major Asian markets like India, Indonesia, Japan, South Korea, and China. The technologies will only function with smart city apps at initially, but later they will also work with retail, agriculture, and industrial automation. Dinakar Munagala, the CEO, noted that this deal is the beginning of a lot of AI use in the area. The AI sector in Asia is valued over $100 billion, and Blaize wants to help it grow. The system employs GSP-based accelerators and GPU-backed infrastructure to make decisions faster at the edge and consume less energy. This is especially essential in cities with a lot of data. Blaize and Starshine believe that these solutions will help clients in both the public and private sectors save money and get better results. Teng Ma, the head of Starshine, said that the acquisition is a good step forward for hybrid AI. He noted that the need is changing from "experimental" use to real infrastructural needs. Even if the stock market has gone up, some analysts are still worried about long-term pricing. Still, this approach gives Blaize a good chance to win the next generation of tech in Asia. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
18-07-2025
- Business
- Yahoo
Blaize Shares Soar on $120 Million AI Infrastructure Deal in Asia
July 18 - Blaize (NASDAQ:BZAI) shares surged more than 50% on Friday morning after the company unveiled a large-scale artificial intelligence collaboration in Asia. Warning! GuruFocus has detected 5 Warning Signs with BZAI. The California-based firm said it has entered into a technology partnership with Starshine Computing Power Technology Limited to deploy its edge AI infrastructure across data centers in Asia. The deal is expected to generate about $120 million in revenue over an initial 18-month period, beginning in the third quarter of 2025. Blaize's AI systems will support a range of smart city projects in countries including India, Indonesia, Japan, South Korea and China. The company said the collaboration will focus on low-power, high-efficiency inference processing tailored for multimodal workloads at the edge. CEO Dinakar Munagala said Asia represents a major opportunity for next-gen intelligent infrastructure, citing growing demand for flexible and power-efficient platforms in the region. The rally follows an 8.6% gain in the previous session. Volume spiked to around 31 million shares traded in early action, compared with a daily three-month average of roughly 396,000. Ask ChatGPT This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
18-07-2025
- Business
- Yahoo
Blaize Shares Soar on $120 Million AI Infrastructure Deal in Asia
July 18 - Blaize (NASDAQ:BZAI) shares surged more than 50% on Friday morning after the company unveiled a large-scale artificial intelligence collaboration in Asia. Warning! GuruFocus has detected 5 Warning Signs with BZAI. The California-based firm said it has entered into a technology partnership with Starshine Computing Power Technology Limited to deploy its edge AI infrastructure across data centers in Asia. The deal is expected to generate about $120 million in revenue over an initial 18-month period, beginning in the third quarter of 2025. Blaize's AI systems will support a range of smart city projects in countries including India, Indonesia, Japan, South Korea and China. The company said the collaboration will focus on low-power, high-efficiency inference processing tailored for multimodal workloads at the edge. CEO Dinakar Munagala said Asia represents a major opportunity for next-gen intelligent infrastructure, citing growing demand for flexible and power-efficient platforms in the region. The rally follows an 8.6% gain in the previous session. Volume spiked to around 31 million shares traded in early action, compared with a daily three-month average of roughly 396,000. Ask ChatGPT This article first appeared on GuruFocus. Sign in to access your portfolio
