SenseTime Group Inc. (HKEX: 0020) is a leading artificial intelligence software company based in China. Founded in 2014 by Professor Tang Xiao'ou and his students at the Chinese University of Hong Kong, SenseTime has rapidly grown to become one of the world's most valuable AI startups, with a valuation of USD 4.5 billion as of 2019.
SenseTime's core technologies include facial recognition, image recognition, object detection, and text recognition. The company offers AI solutions across various industries including smart cities, smartphones, internet entertainment, automobiles, retail, and healthcare. Its key products include SenseFoundry for smart city management, SenseFoundry Enterprise for business digital transformation, and SenseME for IoT devices. SenseTime's facial recognition technology has been widely deployed in China for surveillance and security purposes, with the company working with over 40 local government authorities.
In recent years, SenseTime has expanded its focus to generative AI, launching a ChatGPT-style chatbot in August 2023. The company has invested heavily in AI infrastructure, opening a major data center in Shanghai in January 2022 with 3.74 exaFLOPS of computing power. However, the company successfully listed on the Hong Kong Stock Exchange in December 2021, raising USD 740 million in its IPO. As of 2024, SenseTime continues to be a leader in China's AI industry, though it faces increasing competition in areas like generative AI.
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