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Deepexi Technology Signs 500 Million Yuan AI Platform Cooperation Deal

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Deepexi Technology (HKG:1384) signed an investment and business cooperation agreement with the Management Committee of Yueyang Lingang High-tech Industrial Development Zone to jointly develop the Yuesheng Industrial AI Platform, according to a Tuesday Hong Kong bourse filing.

The project carries an estimated investment of 500 million yuan, with about 200 million yuan earmarked to establish Deepexi's Yueyang regional operation service center to support industrial AI services.

Shares of the large-model AI application provider were up nearly 3% in Wednesday afternoon trading.

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