CaoCao Appoints Chief Science Advisor of AI Hub; Shares Slip 3%
CaoCao (HKG:2643) appointed Joseph Sifakis as chief science advisor of its CaoCao Artificial Intelligence Innovation Center, according to a Sunday Hong Kong bourse filing.Sifakis will support the company's research and development in artificial intelligence and autonomous driving, providing academic guidance and strategic planning.The company said it has partnered with the Shanghai Artificial Intelligence Research Institute to establish the innovation center, which will focus on research in artificial intelligence, autonomous driving, and intelligent mobility systems.Shares of the firm were down over 3% in Monday's midday trade.