This article only represents the author's own views.

Chinese companies are racing to plug artificial intelligence into their businesses after ChatGPT burst onto the commercial scene last year. But they face daunting costs and complexities to jump on the accelerating AI bandwagon. In fact, few firms have the capacity or expertise to develop in-house AI technologies and deploy them quickly on a large scale.

One of the AI experts offering businesses a helping hand is Beijing Fourth Paradigm Technology Co. Ltd.. Since its launch in 2014, the tech unicorn has developed platform-based tools to enable companies to incorporate AI, with supporting infrastructure, operating systems, developer kits and applications. The AI services provider made a renewed bid to list on the Hong Kong Stock Exchange in April, riding the wave of excitement unleashed by ChatGPT, an AI authoring tool developed by OpenAI in partnership with Microsoft (MSFT.US).