[Chip Startup Bolt Graphics Plans to Raise $100 Million] According to a report by Golden Finance on October 16, three sources familiar with the matter revealed that chip design startup Bolt Graphics is seeking to raise approximately $100 million, with a valuation of around $700 million. The company aims to use the funds to develop graphics chips to compete with Nvidia (NVDA.O) and AMD (AMD.O). These two giants have been continuously increasing their investment in underlying hardware research and development, while Bolt plans to design chips focused on non-AI fields, such as high-precision computing required for supercomputers and graphics processing for video games. Sources indicated that the fundraising is still ongoing, and the scale of funds and valuation that Bolt plans to raise may still change.