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The National Artificial Intelligence Industry Investment Fund acquires a stake in China Telecom's artificial intelligence company.
People’s Finance News, April 7—According to the Qichacha app, recently China Telecom AI Technology (Beijing) Co., Ltd. underwent a business registration change. The company added as shareholders the National Artificial Intelligence Industry Investment Fund Partnership (Limited Partnership), the CCTV Integrated Media Industry Investment Fund (Limited Partnership), the Beijing Artificial Intelligence Industry Investment Fund (Limited Partnership), and others. At the same time, its registered capital increased from 30 billion yuan to 33.72 billion yuan. Public information shows that China Telecom AI is a technology-driven, capability-driven, and platform-driven professional company through which China Telecom carries out its artificial intelligence business.