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.

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Comments

vbjvvbb
2022-01-07
vbjvvbb
Ok
auahau
2022-01-03
auahau
wow
Naknak
2022-01-03
Naknak
Wow
hellodarz888
2022-01-03
hellodarz888
Are they like pltr?
NP_YT
2022-01-03
NP_YT
Good
- WinZ:
  [Smile]
Barbarazhao
2022-01-03
Barbarazhao
Impressive

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