(Yicai) June 7 -- Shares of Intellifusion Technologies jumped by the daily 20 percent limit after the Chinese large language model developer teamed up with computing service provider Deyuan Fanghui Technology Development, expecting to earn about CNY1.6 billion (USD221 million) in three years.

Intellifusion [SHA: 688343] closed 20 percent higher at CNY30.82 (USD4.30).

After signing a framework agreement, the pair is expected to pen a formal contract in 10 working days, Shenzhen-based Intellifusion announced yesterday.

The LLM developer will offer artificial intelligence training, heterogeneous computing, and inference services totaling 4000 petaFLOPS, as well as others related to operations and maintenance, starting from Oct. 1 at the latest. Deyuan Fanghui will pay an annual service fee of CNY536 million (USD74 million) for three years.

Intellifusion is in charge of key technologies to allow clients to train its self-developed LLMs while increasing the efficiency of computing power. Meanwhile, Deyuan Fanghui will operate the project and make contact with clients.

The partnership should help advance Intellifusion's LLMs, strengthen its core competitive advantages, optimize its business structure, and enlarge its business layout, the firm added.

Intellifusion has developed text-based and multimodal LLMs with industry-leading capabilities in understanding texts and images to give answers to users' questions, according to the company’s latest annual report.

Editor: Emmi Laine