CLPS Unveils AI Innovation Committee: A New Era of Intelligent Solutions

CLPS Incorporation (Nasdaq: CLPS) has announced the formation of the CLPS AI Innovation Committee (CAIC), marking a significant step in the company's strategic planning and growth. Led by Mr. Raymond Lin, CLPS's CEO, CAIC is responsible for the strategic planning, implementation, and value realization of artificial intelligence (AI) technologies across the Company's projects and client deliveries, developing high-quality, efficient, and intelligent solutions.

According to IDC's report, the worldwide spending on AI, including AI-enabled applications, infrastructure, and related IT and business services, is expected to reach $632 billion by 2028. The rapid incorporation of AI, and generative AI (GenAI) in particular, into a wide range of products will result in a compound annual growth rate (CAGR) of 29.0% over the 2024-2028 forecast period. Meanwhile, the China Internet Network Information Center reports that China's AI industry has reached a core market size approaching RMB 600 billion, indicating a significant transformation of IT services driven by AI.

CAIC leverages cutting-edge AI tools, including OpenAI and DeepSeek, to create an intelligent engineering system that deeply integrates AI into every stage of IT development. This comprehensive approach spans from initial demand analysis and business process restructuring to intelligent solution design, code generation and transformation, automated testing, and ongoing operations. By focusing on AI-driven business process optimization and reengineering, CAIC empowers businesses to achieve successful digital transformation.

CAIC has developed a unique competitive advantage in fintech, particularly in modernizing legacy systems for financial institutions. In a Hong Kong bank's loan system upgrade project, CAIC used AI to deconstruct legacy code, create a visual representation of program logic, and migrate the system from an undocumented legacy language to Java. This AI-driven approach significantly eased the project's complexity compared to traditional methods. It successfully addressed the challenges of transforming a "black-box" system and facilitated a modernized architectural upgrade. This successful project demonstrates CAIC's ability to provide financial institutions with a complete intelligent transformation solution, from code migration and architecture upgrades to business value enhancement.

Mr. Raymond Lin, Chief Executive Officer of CLPS, stated, "In early 2025, CLPS established five key innovation engines: AI, low-code platform, RPA, cloud computing, and big data. CAIC, building upon these engines, will develop our AI application strategy for the next three to five years, focusing not only on optimizing existing processes but also on fundamentally reshaping business logic to ensure close alignment between technology and our business strategies. CAIC will concentrate on cutting-edge technologies such as GenAI, machine learning, and intelligent automation, deeply integrating the CLPS's RPA technology to create tailored enterprise intelligent solutions for clients in key vertical industries, including banking, wealth management, e-commerce, and automotive."

The formation of CAIC aligns with CLPS's overall business strategy and growth plans, expanding its innovation engines and competitive advantages in the fintech sector. By leveraging cutting-edge AI technologies and integrating them into its existing service offerings, CLPS is well-positioned to capitalize on the growing demand for AI-driven solutions and maintain a competitive edge in the market.