SenseTime is restructuring to focus on generative AI (GenAI), adopting a "1 plus X" structure with AI models and industry solutions. GenAI now drives its main revenue, with sales surging 256% in H1 2024, though it posted a net loss of ¥2.5 billion. The company aims to compete in the growing GenAI market after facing challenges from industry shifts and its US trade blacklist listing.