Intel-backed software company Syntiant files for US IPO

Syntiant Corp, a semiconductor and AI software company focused on “physical AI”, filed for a U.S. initial public offering on Monday, seeking to capitalize on investor enthusiasm for AI and computing.

The listing is the latest in ‌a string ⁠of ⁠AI-related IPOs this year, amid a broader revival in the U.S. IPO market as companies seek to capitalize on growing investor confidence.

More than $260 billion of equity issuance is expected to arrive this year, J.P.Morgan said in a note.