Inspur Electronic Information Industry Commits 100 Million Yuan in AI-Focused Fund

MT Newswires Live

07/23

Inspur Electronic Information Industry (SHE:000977) will invest 100 million yuan in a 700-million-yuan venture fund.

The fund, dubbed Hao Fund, will mainly focus on strategic emerging fields such as artificial intelligence, according to a Thursday filing with the Shenzhen bourse.

Inspur Electronic Information Industry will hold a 14% stake as a limited partner.

Shares of the information technology infrastructure products company closed 3% higher Thursday.

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