Blaize, Founded by Ex-Intel, to Go Public via $1.2B SPAC Merger on January 14, 2025 After $87.5M Loss

Blaize, an AI chip startup founded by former Intel employees, is set to go public on January 14, 2025, through a SPAC merger. The company, which specializes in AI chips for edge applications, reported a loss of $87.5 million on $3.8 million in revenue in 2023. Despite its financial challenges, Blaize anticipates a valuation of $1.2 billion upon going public. The announcement of Blaize's public offering marks the first instance of an AI chip startup entering the market in 2025.