Phancy Group Co., Ltd. doing business as 4Paradigm is a Chinese company publicly listed in Hong Kong that focuses on providing artificial intelligence (AI) tools and applications in China.
Background
4Paradigm was founded in 2014 by several former employees of Huawei's AI division.[2] Dai Wenyuan who was one of the main co-founders and the current CEO was featured in the Innovators Under 35 list from MIT Technology Review. He was part of Shanghai Jiao Tong University's team that won the International Collegiate Programming Contest world championship in 2005 and as of 2017 had the third most cited paper in the field of transfer learning.[3]
According to Dai, 4Paradigm was founded to eliminate the technical barrier for those looking to apply AI technology. It provides its clients a suite of software tools that let them run complex algorithms without needing to rely on specialists. For example, it provides tools for banks to perform analysis such as identifying customers and detecting fraud. It also has made its owns chips that could process its algorithms which are offered as part of its packages to clients.