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LQR House Unit Signs Agreement With ByteDance to Buy AI Computing Power

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LQR House (YHC) said Tuesday its YHC AI subsidiary has signed a two-year agreement with ByteDance's BytePlus to buy artificial intelligence computing power.

The AI computing power will be used to boost the research and quantitative-modeling capabilities of LQR House's unit Fusion Five Continents Securities, LQR House said.

The computing power will also be used to create promotional videos for Fusion Five Continents Securities, the company said.

Financial details were not provided.

LQR House shares were down 83% in morning trading.

Price: $0.16, Change: $-0.77, Percent Change: -82.80%

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