Fed’s Powell opens door to potential rate cuts at Jackson Hole
Blaize Holdings, Inc. (NASDAQ:BZAI) announced Wednesday it has entered into a strategic cooperation agreement with Starshine Computing Power Technology Limited, a Hong Kong-based company. According to a statement released through a SEC filing, the partnership aims to develop business opportunities for the sale of Blaize’s hybrid AI platform and related products and services in the Asia Pacific region.
Under the terms of the agreement, Starshine has committed to deliver a minimum of $120 million in revenue to Blaize over the first 18 months of the partnership. The agreement is designed to expand Blaize’s presence in the Asia Pacific market through Starshine’s regional network.
Blaize Holdings is a semiconductor company incorporated in Delaware and headquartered in El Dorado Hills, California. Its common stock and warrants are listed on The Nasdaq Stock Market under the symbols (NASDAQ:BZAI) and (NASDAQ:BZAIW), respectively.
The company noted in the filing that the agreement is part of its ongoing efforts to market its hybrid AI platform and other offerings. The filing also included a standard cautionary statement regarding forward-looking information, noting that actual results may differ due to various risks and uncertainties.
This information is based on a statement issued by Blaize Holdings in a SEC filing.
In other recent news, Blaize Holdings reported a significant increase in revenue for the first quarter of 2025, reaching $1 million, up from $549,000 in the same period last year. Despite this growth, the company experienced a substantial net loss of $147.6 million, compared to a $16.7 million loss in Q1 2024. The company has projected Q2 2025 revenue between $1.5 million and $1.7 million, with full-year revenue guidance ranging from $19 million to $50 million. Blaize Holdings also entered a Sales Partner Referral Agreement with Burkhan LLC, which includes potential product purchases of up to $56.5 million. Additionally, Blaize secured a $56 million contract to deploy its edge AI platform across 250,000 surveillance systems in Southeast Asia. DA Davidson maintained a Buy rating for Blaize, citing the company’s revenue growth and increasing demand for its AI solutions. These developments highlight Blaize Holdings’ ongoing efforts to expand its presence in the AI market and capitalize on emerging opportunities.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.