News Snapshot:
Chinese artificial intelligence (AI) firm Beijing Fourth Paradigm Technology Co, or 4Paradigm, has filed for a Hong Kong initial public offering for a third time after two failed attempts to land a listing. The company is the latest Chinese AI company to pursue a public listing in the city amid growing tensions between Beijing and Washington, which has targeted firms developing the cutting-edge technology and limited access to advanced semiconductors, a critical component for powering AI computing. As a result, 4Paradigm warned that “export controls and economic or trade restrictions” may impact its business, according to its latest prospectus filed...
