$SENSETIME-W(00020)$
1. Generative AI revenue was RMB 1.05 billion, a significant year-on-year increase of 255.7%;
2. Jueying smart car business revenue was RMB 168 million, a year-on-year increase of 100.4%;
3. Traditional AI revenue was RMB 520 million, a year-on-year decrease of 50.6%.
Good news:
The growth rate of new business generative AI and smart car business exceeded 100%. SenseTime has successfully transformed from a traditional AI to a generative AI company
Bad news:
Revenue increased by only more than 20% year-on-year, and the loss exceeded 2 billion
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