NEWS WRAP: VNET records first annual profit in three years
The data center operator secured several significant customer orders amid strong AI-driven demand Teri Yu Chinese data center operator VNET Group Inc. (VNET.US) on Wednesday reported its revenue rose by…
NEWS WRAP: Surging Xtalpi seizes on tech rally to raise $267 million
The Tencent-backed AI drug developer announced a major new fundraising as it steps up its AI project development By Teri Yu AI drug discovery company XtalPi Holdings Ltd. (2228.HK) announced…
Time for a shift: SenseTime formalizes pivot to generative AI
The company, once a leader in traditional artificial intelligence with a focus on visual recognition, has formally restructured to focus on generative AI Key Takeaways: SenseTime has completed its strategic…
VNET gets vote of confidence amid deepening AI focus
HSBC upgraded its rating on the data center operator to ‘buy,’ citing its focus on building up its artificial intelligence capabilities Key Takeaways: HSBC upgraded its rating on VNET to…
BRIEF: Fourth Paradigm nearly doubles stock float, pressuring shares
AI technology and services provider Beijing Fourth Paradigm Technology Co. Ltd. (6682.HK) announced it received stock exchange approval on Sept. 5 to convert nearly 132 million of its domestic shares…
SenseTime feels revenue growth return on shift to generative AI
The company once called one of China’s four ‘AI dragons’ reported its revenue rose 21% in the first half of this year, as its generative AI business more than tripled…
Fourth Paradigm tries to shift investor perception with new platform launch
The AI company whose products help enterprises improve their efficiency said its revenue rose 28.5% in the first quarter Key Takeaways: Fourth Paradigm said its first-quarter revenue rose 28.5%, while…
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