China's SenseTime reshapes to focus on generative AI growth

China’s SenseTime reshapes to focus on generative AI growth

BEIJING (Reuters) – Loss-making Chinese AI company SenseTime Group said on Tuesday it has completed a major organizational restructuring aimed at ramping up its shift toward generative AI technologies. The Hong Kong-listed company, previously focused on computer vision and surveillance technologies, has accelerated its transformation into generative AI following the industry-wide surge triggered by OpenAI’s…

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InnoTech Forum: Hong Kong has potential to become an AI applications development hub

InnoTech Forum: Hong Kong has potential to become an AI applications development hub

Hong Kong has the potential to transform itself into an artificial intelligence (AI) applications development hub, on the back of the government’s forward-looking policy initiatives and as part of the broader information technology ecosystem in the Greater Bay Area, according to a panel discussion at InnoTech Forum 2024. “It’s almost essential for Hong Kong to…

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SenseTime 10 years on still has advantages as Chinese AI challenges mount, CEO says

SenseTime 10 years on still has advantages as Chinese AI challenges mount, CEO says

Chinese artificial intelligence (AI) company SenseTime celebrated its 10th anniversary on Thursday at its first annual Global AI Summit since the death of co-founder Tang Xiao’ou, with CEO Xu Li highlighting the firm’s chip-agnostic approach as an advantage in the coming years amid an influx of new industry challengers. “We actually adapt our AI algorithms…

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