BRIEF: Phancy Group raises $200 million for computing power expansion
AI application developer Phancy Group Co. Ltd. (6682.HK), formerly known as Fourth Paradigm, announced on Wednesday it plans to sell up to 38.8 million new Hong Kong-listed H-shares for HK$40.36…
BRIEF: Phancy responds to AI model obsolescence concerns after shares plunge
AI applications developer Phancy Group Co.Ltd. (6682.HK), formerly known as Fourth Paradigm, on Wednesday issued a statement after its shares plunged in response to market talk that its products could be…
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…
