sensetime

New Business

China’s central bank vows to ease funding pressures on private sector

Chinese financial regulators have pledged to lower funding costs and open up fundraising options for the private sector, in the…

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New Business

SenseTime plans to spin off healthcare platform in effort to capitalise on advanced LLMs

Hong Kong-listed SenseTime is set to spin off its healthcare platform to facilitate growth, capitalising on the rapid advancements in…

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New Business

Chinese AI start-up MiniMax releases low-cost open-source models that rival top chatbots

Chinese artificial intelligence (AI) start-up MiniMax has launched a new series of open-source models, intensifying the competition among mainland technology…

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New Business

Chinese AI firm SenseTime downsizes Singapore office amid post-ChatGPT competition

SenseTime Group is reducing its office footprint in Singapore, scaling back once-lofty ambitions at a time it is struggling to…

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New Business

China’s Tesla rival Li Auto wants to expand into an AI and robot company

Li Auto, one of China’s closest rivals to US electric vehicle (EV) giant Tesla, is looking to reposition itself as…

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Tech

Sensetime’s generative AI growth pushes revenue up 21% in first half

Chinese artificial intelligence giant SenseTime has seen revenue jump more than 20 per cent this year on the back of…

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Tech

Baidu, SenseTime lead China’s market for business-focused large language models, says IDC

Chinese artificial intelligence (AI) giants Baidu and SenseTime, along with start-up Zhipu AI, are the country’s biggest providers of business-facing…

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Tech

Guangdong’s AI industry reaches US$25 billion as province competes with Beijing, Shanghai

The artificial intelligence (AI) industry in China’s southern Guangdong province grew to 180 billion yuan (US$25 billion) in 2023, according…

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Tech

China’s AI industry faces shakeout, leaving only a dozen top tier LLMs, expert says

China’s artificial intelligence (AI) industry is entering a rapid period of consolidation after large language model (LLM) development mushroomed last…

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New Business

Alibaba puts Olympics on the cloud, adding AI services while taking over for satellite

Alibaba Group Holding’s cloud computing unit is offering an artificial intelligence (AI)-infused platform to support the broadcasting of the 2024…

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