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(Bloomberg) A technology-focused China equity fund outperforming 98% of peers this year advises caution over the frenzy in artificial intelligence themes, saying it might be the biggest underpriced risk in the market.Most Read from BloombergTreasury Frenzy Drives 10-Year Yield Below 4.2%: Markets WrapBiden Says He Might Not Have Sought Reelection If Trump Weren’t RunningTruck-Stop Billionaire Fights Warren Buffett to Increase $18 Billion Fortune Moody’s Cuts China Credit Outlook to Negative o
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Chinese supercomputer manufacturer Dawning Information Industry, also known as Sugon, has reported first-quarter revenue at CNY2.3 billion (US$332 million), an year-on-year growth of 5.39%. Net income was CNY131 million, an year-on-on year growth of 19.92%. On its investor platform, the company indicated that it has supported multiple domestically-developed large language models, including those developed by Chinese Academy of Sciences, from which Sugon span off.