Range Intelligent Computing Technology to Commit 1 Billion Yuan to AI Fund
MT Newswires Live
4 hours ago
Range Intelligent Computing Technology (SHE:300442) will commit 1 billion yuan to an artificial intelligence fund, according to a Tuesday after-hours filing with the Shenzhen bourse.
The amount is equivalent to 20.4081% of the 4.90-billion-yuan Xiamen Times Deep Venture Capital Fund Partnership, the filing said.
The fund, which has a term of seven years, will invest in artificial intelligence, embodied AI, technology applications, and frontier technologies, the filing said.
Shares in the digital infrastructure and data center operator rose 2% during the midday break on Wednesday.
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