China Pacific Insurance Group, China Taiping Insurance Group, and Guotai Junan Securities have established a new company with AI business.

According to the Enterprise Check APP, Shanghai Guozhi Technology Co., Ltd. was recently established with a registered capital of 1 billion yuan. Its business scope includes the development of artificial intelligence basic software, information system operation and maintenance services, cloud computing equipment technology services, and business outsourcing services based on cloud platforms. According to the equity penetration shown by Enterprise Check Check, the company is jointly held by Guotai Haitong and China Taiping.