Against the backdrop of rapid development in artificial intelligence, iFLYTEK and several enterprises jointly established the 'Anhui Kexun Artificial Intelligence Venture Capital Fund Partnership (Limited Partnership)' on December 16. The fund has a total investment of 500 million RMB, aiming to support and promote innovation and development in the field of artificial intelligence. According to data from the Tianyancha App, the managing partner of this newly established investment fund is Hefei Kexun Innovation Information Technology Partnership (Limited Partnership). Its business scope is extensive, covering equity investment and investment management for private equity funds.

1. Allocations leverages AI to surpass $2 billion in assets, revolutionizing the approach to private fund raising combined with machine learning. 2. AI accelerates business output, with each employee servicing 70 funds, achieving efficiency 10-70 times the industry average, significantly reducing legal document generation costs. 3. Allocations plans to launch a mobile application to bring fund management to mobile devices, enabling the easy creation of new entities, targeting over $10 trillion in private assets by 2030.