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.
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.