Time for a shift: SenseTime formalizes pivot to generative AI
The company, once a leader in traditional artificial intelligence with a focus on visual recognition, has formally restructured to focus on generative AI Key Takeaways: SenseTime has completed its strategic…
VNET gets vote of confidence amid deepening AI focus
HSBC upgraded its rating on the data center operator to ‘buy,’ citing its focus on building up its artificial intelligence capabilities Key Takeaways: HSBC upgraded its rating on VNET to…
BRIEF: Fourth Paradigm nearly doubles stock float, pressuring shares
AI technology and services provider Beijing Fourth Paradigm Technology Co. Ltd. (6682.HK) announced it received stock exchange approval on Sept. 5 to convert nearly 132 million of its domestic shares…
SenseTime feels revenue growth return on shift to generative AI
The company once called one of China’s four ‘AI dragons’ reported its revenue rose 21% in the first half of this year, as its generative AI business more than tripled…
Fourth Paradigm tries to shift investor perception with new platform launch
The AI company whose products help enterprises improve their efficiency said its revenue rose 28.5% in the first quarter Key Takeaways: Fourth Paradigm said its first-quarter revenue rose 28.5%, while…
Lianhe Sowell eyes big potential for machine vision AI with U.S. IPO plan
The company posted explosive revenue growth and became profitable in the last two years despite a history dating to 2007 Key Takeaways: Lianhe Sowell is seeking to raise $12 million…
FAST NEWS: SenseTime’s loss widens despite cost controls
The latest: Artificial intelligence (AI) company SenseTime Group Inc. (0020.HK) said its revenue fell 10.6% to 3.41 billion yuan ($472 million) last year, while its non-GAAP net loss rose 14.2% to 5.41…