Sensetime-W (00020) rose nearly 4% in early trading, rising 2.26% as of press time, reporting HKD 1.36, with a turnover of HKD 205 million.
According to the Wisdom Financial app, Sensetime-W (00020) rose nearly 4% in early trading, rising 2.26% as of press time, reporting HKD 1.36, with a turnover of HKD 205 million.
On the news front, Sensetime Technology has signed a strategic cooperation agreement with Goldstream Investment Co., Ltd., a subsidiary of Hongyi Group. The two sides will leverage their respective resource advantages to carry out in-depth cooperation in AI + finance, AI ecological construction, AI going global, and other fields to promote the realization of more commercial value from artificial intelligence. GTJA believes that the demand for generative AI is rapidly releasing, and there is significant long-term growth potential. Sensetime has a forward-looking layout from computing power infrastructure to large-model landing capabilities, and the demand for AI terminals and multimodal large models is expected to drive business growth beyond expectations.
Haitong International had previously pointed out that Sensetime's leading position in AI infrastructure and large-scale model services enables it to generate revenue without building and managing underlying infrastructure. The revenue of the generative artificial intelligence business segment exceeded CNY 1.1837 billion, a year-on-year increase of as much as 199.9%, accounting for 34.8% of total operating revenue and a significant increase from 10.4% in 2022. The smart automobile business segment, Sensetime Jueying, achieved revenue of CNY 0.3837 billion, a year-on-year increase of 31.1%, and its share of total operating revenue increased from 7.7% in 2022 to 11.3%.