China's SenseTime surges on unveiling new AI model, rival to GPT-4 Turbo

seekingalpha04-24

Shares of SenseTime (OTCPK:SNTMF) rose about 31% in Hong Kong on Wednesday, before trading was halted, after the Chinese AI company launched its latest large model called SenseNova 5.0. The fifth ...

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The fifth ...</p>\n\n<a href=\"https://seekingalpha.com/news/4092979-chinas-sensetime-surges-on-unveiling-new-ai-model-rival-to-gpt-4-turbo\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0359201612.USD","symbol_name":"贝莱德中国基金A2","start_time":0,"source_url":"https://seekingalpha.com/news/4092979-chinas-sensetime-surges-on-unveiling-new-ai-model-rival-to-gpt-4-turbo","article_id":"2429843541","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1612845228/image_1612845228.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2429843541","pubTimestamp":1713954681,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Shares of SenseTime (OTCPK:SNTMF) rose about 31% in Hong Kong on Wednesday, before trading was halted, after the Chinese AI company launched its latest large model called SenseNova 5.0. 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The fifth version of its AI model has significantly improved in terms of linguistic and creative capabilities, and provides better comprehension and question and answers. It also boasts of best-in-class mathematical, coding and reasoning capabilities, the company said in a press release on Tuesday. SenseNova 5.0 has \"met or exceeded GPT-4 Turbo in mainstream objective evaluations,\" the company said, according to a report by The Wall Street Journal. Microsoft (MSFT)-backed OpenAI's ChatGPT runs on the GPT models developed by the U.S. startup. The release offers a glimmer of hope to investors who have seen one of China's AI pioneers tumble since its IPO in late 2021. SenseTime briefly witnessed a market capitalization of $35B in January 2022 before steadily selling off, the report noted. The market capitalization is now close to $2.5B. On Wednesday, the company's stock rose about 31% to HK$0.80 on the Hong Kong Stock Exchange. The U.S. government had blacklisted SenseTime, once a leader in facial-recognition technology, in 2019 on allegations related to human rights violations in Xinjiang, according to a report by Bloomberg News. This hindered the company's access to capital and vital tech components from the U.S. In addition, U.S. export restrictions on the sale of advanced AI chips and chip-making tools to Chinese companies have also affected AI firms in the Asian nation. Generative AI services have taken the world by storm since the launch of ChatGPT in 2022. Chinese companies including Alibaba (BABA), Baidu (BIDU) and Tencent (OTCPK:TCEHY) (OTCPK:TCTZF) have developed their own LLMs.  More on SenseTime  Historical earnings data for SenseTime Group Inc. Financial information for SenseTime Group Inc.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2429843541"}