Paradigm Intelligence's Computing Power Spending Tops 2.2 Billion Yuan in H1, Leveraging Ascend 950 as Core Computing Backbone
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Author:小编   

On August 31st, news emerged that artificial intelligence firm Paradigm Intelligence (06682.HK) has inked a cooperation deal with Huawei. This collaboration will center on utilizing domestic chips, notably Huawei's Ascend 950, as the cornerstone of its computing infrastructure, to facilitate the deployment of AI large-scale models across sectors such as finance, manufacturing, and government services. Prior to this, in late April, Paradigm Intelligence unveiled its intention to allocate 400 million yuan towards the procurement of GPU servers and associated peripherals, aiming to bolster its technological capabilities and fuel business growth. By the first half of this year, the company's expenditures on computing power-related resources had surged to 2.237 billion yuan.