(Yicai) Sept. 19 -- China Bester Group Telecom has gained a five-year service contract to provide services for a supercomputing center in eastern China's Jinan, expecting to earn CNY180 million (USD24.7 million).

China Bester will provide the center with computing power and other related services, including 60 NVidia A800 servers, to help the client enhance its AI model training-related computing capability, the Wuhan-based company said in a statement yesterday.

This is the second computing power contract that China Bester has signed in less than two weeks. On Sept. 7, the firm said it has signed a three-year deal worth CNY346 million with a Qinghai branch of China Unicom. Similarly to the Jinan project, Bester promised to lease graphics processing unit servers to help clients' use expensive equipment more cost-efficiently while meeting a huge computing power demand stemming from the emergence of artificial intelligence.

For China Bester, intelligent computing power services related to large language models are one of the firm's future development priorities, Li Liubing, chairman, said during the China Computing Power Conference last month. China Bester aims to achieve a service capability of 10,000 GPUs with 10,000 P computing power in the next three years, with 5,000 P of which before the end of this year, he added.

China Bester's stock price [SHA: 603220] rose as much as 3.5 percent early today but lost steam later and closed 1.8 percent lower at CNY23.25 (USD3.20). The firm's booming AI business has prompted the equity price to more than double this year, reaching its highest point since October 2019 last week.

Editor: Emmi Laine