Celestial AI and the Possibilities for PoetIn my opinion, as Celestial AI moves forward and eventually goes public, this will be a huge driver behind Poet's share price --- yes, in my opinion, that will likely attribute to a much, much higher capitalization for Poet. Poet could become a proxy stock when Celestial possibly goes public and skyrockets in share price. Though that is not a fact for now, it remains an open possibility when comparing to the wave in internet stocks from the dot com era. This is not a concept like many were in the dot com era, but something that is realistic.
Celestial AI did a first financing at 56 million:
https://www.businesswire.com/news/home/20220204005002/en/Celestial-AI-Raises-56-Million-Series-A-to-Disrupt-the-Artificial-Intelligence-Chipset-Industry-with-Novel-Photonic-Electronic-Technology-Platform
Koch Disruptive Technologies is the backer of these financings. Then another 96 million was raised. So in total Poet's AI partner, Celestial AI, has raised $152 million US.
from KDT:
KDT's investment in Celestial AI is its fourth investment in the semiconductor value chain. Verified Market Research predicts the global market for AI chips could be worth $109.83 billion by 2028.
The future of Poet will inevitably be so bright that you might want to wear shades.
gilver