BRIEF: SenseTime raises $318 million in share placement at 6.25% discount
Artificial intelligence company SenseTime Group Inc. (0020.HK) announced on Thursday that it will raise HK$2.5 billion ($318 million) by placing around 1.67 billion new Class B shares at HK$1.50 per…
Qidian Guofeng tries on ‘AI halo’ in move to boost business
The company, which is developing an online-merge-offline (OMO) new consumption platform, swung to a 2.23 billion yuan loss last year on asset impairments Key Takeaways: Qidian Guofeng has signed a…
BRIEF: Fourth Paradigm to raise $107 million in share placement
AI applications developer Beijing Fourth Paradigm Technology Co. Ltd. (6682.HK) announced on Thursday that it will place 25.9 million shares to Infini Global Master Fund, representing 8.07% of the enlarged…
Moore Threads taps China IPO investors as it faces challenges, opportunities
The GPU maker hopes to benefit from China’s drive to develop its domestic chip industry, as it navigates growing obstacles from U.S. sanctions Key Takeaways: Moore Threads has filed for…
NEWS WRAP: Unisound IPO offers up vertically integrated AI stack for investors
The provider of AI services for a wide range of business customers raised $41 million in its Hong Kong listing, and could raise more in the coming months with secondary…
PPIO eyes next AI frontier with plans to boost computing power
The provider of cloud services wants to upgrade its systems as AI moves into the mainstream, demanding greater processing capacity and speed Key Takeaways: The loss-making company has filed for…
Data is king: Why content creators must rethink their role in the AI era
Content creators may feel the most profound shift and play a more important role as data becomes a strategic asset in the AI era By Lee Shih Ta As…
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