Manycore, the first of the Hangzhou ‘Little Dragons’ to go public, pushes ‘spatial intelligence’ as the next wave of AI development

Manycore Tech, a Hangzhou-based AI startup, debuted on Hong Kong's stock exchange today following a $130 million IPO. The company positions "spatial intelligence" as the next frontier in AI development, joining a wave of AI-focused listings from Hangzhou's tech ecosystem. This IPO reflects growing investor interest in specialized AI applications beyond large language models.