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

Manycore, a Hangzhou-based AI startup, completed its IPO in Hong Kong as the first of the "Little Dragons" and is positioning itself around spatial intelligence—AI models that understand and operate in physical environments. The company is shifting focus from language-based models like GPT toward world models for robotics and autonomous driving, where AI must respond to real-world stimuli. IPO proceeds will fund GPU procurement, data collection, and talent acquisition to advance this vision.