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…
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…
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…
Unisound launches modest IPO into crowded Hong Kong market
The AI services provider is aiming to raise a relatively modest $40 million, or just over 2% of its share capital, as it rapidly burns through its cash Key Takeaways:…
Data advantage to speed up China’s AI development
The country’s huge data resources offer great opportunities to boost AI applications By Lee Shih Ta As strategic competition between China and the U.S. heats up, the U.S. is expected…
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…
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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