SenseTime Shares Surged More Than 35% in Hong Kong

Tiger Newspress2022-01-03

Chinese artificial intelligence giant SenseTime shares surged more than 35% in Hong Kong after a rocky initial public offering that was delayed by concerns over fresh U.S. sanctions..

Founded in 2014 by computer scientists, SenseTime specializes in AI-powered software that analyzes faces and images on an enormous scale and works with retailers and health-care researchers around the world.

The firm has invested heavily in building super computers that can train client-facing AI models, an effort that’s set to pay off as the loss-making company scales up. Revenue in the six months ended June 30 nearly doubled to 1.65 billion yuan ($259 million), while net losses narrowed to 3.7 billion yuan from 5.3 billion yuan in the first half of 2020.

免责声明:本文观点仅代表作者个人观点,不构成本平台的投资建议,本平台不对文章信息准确性、完整性和及时性做出任何保证,亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

发表看法