AI TRENDS | Paraframe Intelligence, Huawei Strike Large-Scale Computing Deal

Paraframe Intelligence (06682) will spend more than RMB 1 billion to buy Huawei Ascend 950 chips in a large-scale computing cooperation, according to ETNet. The chips will be used to support the deployment of AI large models in finance, manufacturing and other core sectors, as well as the company’s future expansion in enterprise AI. People familiar with the matter said senior executives from both companies attended a strategic meeting on the cooperation, including Paraframe Intelligence founder and CEO Dai Wenyuan and Huawei Executive Director Yang Chaobin. The additional computing resources will mainly support project delivery for existing orders and AI product development.