CLPS Incorporation Announces the Establishment of CLPS AI Innovation Committee, Ushering in Next Generation Intelligent Solutions for Businesses

Core Insights - CLPS Incorporation has established the CLPS AI Innovation Committee (CAIC) to enhance the strategic planning and implementation of AI technologies across its projects and client services [1][3] - The global spending on AI is projected to reach $632 billion by 2028, with a compound annual growth rate (CAGR) of 29.0% from 2024 to 2028 [2] - China's AI industry has reached a core market size of approximately RMB 600 billion, indicating a significant transformation in IT services driven by AI [2] Company Developments - CAIC utilizes advanced AI tools such as OpenAI and DeepSeek to integrate AI into all stages of IT development, from demand analysis to ongoing operations [3] - The committee has a competitive edge in fintech, particularly in modernizing legacy systems for financial institutions, as demonstrated in a successful project for a Hong Kong bank [4] - The CEO of CLPS highlighted the establishment of five key innovation engines, including AI, to develop the company's AI application strategy over the next three to five years [5] Industry Context - The rapid adoption of AI and generative AI is transforming various sectors, including banking, wealth management, e-commerce, and automotive [5] - CAIC aims to optimize existing processes and reshape business logic to align technology with business strategies [5] - CLPS operates 19 delivery and research & development centers globally, serving clients in various geographic locations [6]