BRIEF: Fourth Paradigm, Hyperstrong in AI power trading services joint venture
AI applications developer Beijing Fourth Paradigm Intelligent Technology Co. Ltd. (6682.HK) on Monday announced the formation of a joint venture with Beijing Hyperstrong Technology Co. Ltd. The venture, Energy Crystals (Beijing) Technology, will develop AI-driven technology solutions for power trading operations, with Fourth Paradigm holding a 19% stake.
The venture will combine “AI + energy storage” technologies by leveraging Hyperstrong’s expertise in R&D, manufacturing and operational management of energy storage systems. Fourth Paradigm will supply advanced AI-agent infrastructure, including world modeling concepts, machine-learning platforms and energy-solutions frameworks. The venture aims to offer end-to-end AI solutions across electricity-trading mechanisms and energy-asset management ecosystems.
Shares of Fourth Paradigm opened down 1.2% at HK$54.85 on Tuesday. The stock is up 67% from its April low this year.
By Lau Chi Hang
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