HKG:9678

3 stories mentioning HKG:9678Updated 1h ago

Every FINWIRES story that references HKG:9678, newest first.

Unisound AI Technology Awards 253 Million Yuan Contract for Hangzhou AI Headquarters

Unisound AI Technology (HKG:9678) awarded a 253 million yuan general construction contract for its AI Chip Innovation Headquarters project in Hangzhou, according to a Tuesday Hong Kong bourse filing.Its indirect subsidiary, Unisound AI Technology Industry (Hangzhou), appointed Jiangsu Shuanglou Construction Group as the general contractor for the project.The headquarters will include a large-scale intelligent computing cluster to support training and inference of the company's proprietary artificial intelligence models, while reducing computing costs and enabling the commercialization of its AI services.The project will comprise about 48,000 square meters of gross floor area and is scheduled for completion by June 2028.The contract will be funded through internal resources and bank loans, the filing said.

HKG:9678

Asia22d ago

Unisound AI Technology Launches New Large Language Model

Unisound AI Technology (HKG:9678) launched U2, a new generation of its proprietary large language model, according to a Monday Hong Kong bourse filing.The AI services provider said the model uses a mixture-of-experts architecture and features 266 billion parameters, with a focus on improving reasoning capabilities and token efficiency.Unisound described U2 as a native agent-driven model capable of task planning, execution, validation, and optimization, with applications across areas including healthcare, insurance, and transportation.

HKG:9678

Asia33d ago

Unisound AI Technology to Raise HK$381 Million via Share Placement

Unisound AI Technology (HKG:9678) plans to raise about HK$381.4 million in net proceeds through a placing of new shares, according to a Thursday Hong Kong bourse filing.The AI services provider agreed to place 1.7 million new shares at HK$228 each to no fewer than six independent investors on a best-efforts basis.The placing shares represent about 2.33% of the company's existing issued share capital, while the placing price represents a 19.9% discount to the stock's last closing price.Net proceeds will be used for training the company's new-generation "U-Series" multimodal large model, building global Token factories and overseas Token operations, and sales and marketing activities.

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