TAOP - Taoping Awarded RMB16.2 Million Contract to Provide AI Servers to Fuzhou Shenpeng Technology | Benzinga
SHENZHEN, China, Dec. 11, 2023 /PRNewswire/ -- Taoping Inc. (NASDAQ:TAOP, the ", Company", )), today announced the Company was awarded a RMB16.2 million contract to provide AI servers to Fuzhou Shenpeng Technology Co. Ltd. The Company expects to recognize the revenue from this contract by the first quarter of 2024.
Taoping has seen an uplift in its AI-related business as it benefits from the broader market growth and adoption across industries and end markets. In addition to providing essential AI servers, Taoping developed an integrated cloud-based solution that harnesses the power and flexibility of AI alongside the Company's robust new Cloud Nest AI platform. This proprietary intelligent data collection and analysis solution was designed to help customers uncover and accelerate valuable opportunities for smart operations and enhanced business management.
Taoping's Chairman and CEO, Mr. Lin Jianghuai, commented, "The ...