vested
SENSETIME-W (00020.HK) Expects Computing Power Server Shortage to Last Until 2024
Shanghai Securities News reported that Jiang Qin, director of the AI Industry Empowerment Center of SENSETIME-W (00020.HK), said that GPU-based AI computing power has shown rapid growth in recent years, but the computing power server is still currently in short supply under the boom of foundation models.
This shortage is expected to last until next year.
He believed that the development of foundation models is also deeply related to the base of intelligent computing power, in which computing power, algorithm and data feeds all need to be jointly implemented and optimized on the basis of large-scale resource pooling, in order to train better foundation models.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
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Sensetime 0020
Re: Sensetime 0020
by winston » Mon Jun 05, 2023 9:20 am
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: Sensetime 0020
by winston » Mon Jun 05, 2023 1:23 pm
vested
Reasoning Efficiency of SENSETIME AI Code Assistant Raised by Over 6x in 1 Mth
SENSETIME-W (00020.HK) revealed that its AI code assistant, empowered by its soft and hard combined AGI infrastructure large device SenseCore, has undergone rapid iteration in the past month and achieved a 619% improvement in reasoning efficiency.
It can now support six times the number of users with the same computing power resources, greatly reducing the cost of use.
Xu Li, Chairman and CEO of SENSETIME, noted that SenseCore and its "SenseNova" foundation model system provide foundation model algorithm service, training and reasoning optimization and data service for the industry.
He looks forward to establishing deep cooperation with more peers to explore new directions of development.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
Reasoning Efficiency of SENSETIME AI Code Assistant Raised by Over 6x in 1 Mth
SENSETIME-W (00020.HK) revealed that its AI code assistant, empowered by its soft and hard combined AGI infrastructure large device SenseCore, has undergone rapid iteration in the past month and achieved a 619% improvement in reasoning efficiency.
It can now support six times the number of users with the same computing power resources, greatly reducing the cost of use.
Xu Li, Chairman and CEO of SENSETIME, noted that SenseCore and its "SenseNova" foundation model system provide foundation model algorithm service, training and reasoning optimization and data service for the industry.
He looks forward to establishing deep cooperation with more peers to explore new directions of development.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: Sensetime 0020
by winston » Tue Jun 13, 2023 9:30 am
vested
BABA Dumps 70M SENSETIME Shrs on Mon to Pocket Over $150M
BABA-SW (09988.HK) completed the disposal of 70 million shares of SENSETIME-W (00020.HK) 0.000 (0.000%) on Monday (5th) at an average price of $2.1974 per share, involving nearly $154 million, as revealed by the equity disclosure of the Hong Kong Stock Exchange.
After the disposal was completed, BABA's stake in SENSETIME dropped from 7.11% to 6.84%.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
BABA Dumps 70M SENSETIME Shrs on Mon to Pocket Over $150M
BABA-SW (09988.HK) completed the disposal of 70 million shares of SENSETIME-W (00020.HK) 0.000 (0.000%) on Monday (5th) at an average price of $2.1974 per share, involving nearly $154 million, as revealed by the equity disclosure of the Hong Kong Stock Exchange.
After the disposal was completed, BABA's stake in SENSETIME dropped from 7.11% to 6.84%.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: Sensetime 0020
by winston » Tue Jun 20, 2023 8:39 am
vested
SENSETIME Develops Comprehensive Authentication Solution
SENSETIME-W (00020.HK) announced that, in order to promote the credibility of artificial intelligence (AI) and strengthen the security governance of new technologies, it has developed a comprehensive authentication solution, based on the trinity of generation, authentication and traceability, aiming at the dissemination of AI DeepFake content.
It will be applicable to various AI products.
At present, SENSETIME has provided services for the security systems of more than 10 banks, with the success rate of intercepting various "grey and black" attacks surpassing that of similar products in the industry by more than 20%.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
SENSETIME Develops Comprehensive Authentication Solution
SENSETIME-W (00020.HK) announced that, in order to promote the credibility of artificial intelligence (AI) and strengthen the security governance of new technologies, it has developed a comprehensive authentication solution, based on the trinity of generation, authentication and traceability, aiming at the dissemination of AI DeepFake content.
It will be applicable to various AI products.
At present, SENSETIME has provided services for the security systems of more than 10 banks, with the success rate of intercepting various "grey and black" attacks surpassing that of similar products in the industry by more than 20%.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
- Posts: 118900
- Joined: Wed May 07, 2008 9:28 am
Re: Sensetime 0020
by winston » Wed Jul 12, 2023 9:58 am
vested
SenseTime Group Inc (20 HK)
Revolutionising Industries With Rapid Iteration
SenseTime is a leading AI software company with a focus on computer vision technologies, serving a broad range of industries.
It recorded full-year revenue of Rmb3.8b in 2022, making it the largest computer vision software provider in China with a 20.7% market share, according to IDC.
Net loss narrowed 65% yoy to Rmb6b.
At the WAIC 2023, SenseTime showcased the upgrade and applications of its SenseNova
foundation model in various industries.
Source: UOBKH
https://research.uobkayhian.com/content ... d0a0ba5606
SenseTime Group Inc (20 HK)
Revolutionising Industries With Rapid Iteration
SenseTime is a leading AI software company with a focus on computer vision technologies, serving a broad range of industries.
It recorded full-year revenue of Rmb3.8b in 2022, making it the largest computer vision software provider in China with a 20.7% market share, according to IDC.
Net loss narrowed 65% yoy to Rmb6b.
At the WAIC 2023, SenseTime showcased the upgrade and applications of its SenseNova
foundation model in various industries.
Source: UOBKH
https://research.uobkayhian.com/content ... d0a0ba5606
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
- Posts: 118900
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Re: Sensetime 0020
by winston » Fri Jul 21, 2023 1:31 pm
vested
SENSETIME: Taobao Holding Limited Completes Disposal of Class B Shrs of SENSETIME
SENSETIME-W (00020.HK) announced that it has been informed by Taobao Holding Limited that it has disposed of all the Class B shares of the Company held by it in an orderly manner, and that as at the date of this announcement, the arrangements for such disposal have been completed.
The existing business relationships between Taobao Holding Limited and the Group remain unaffected.
Based on public information, Taobao Holding Limited is a wholly-owned subsidiary of BABA-SW (09988.HK).
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
SENSETIME: Taobao Holding Limited Completes Disposal of Class B Shrs of SENSETIME
SENSETIME-W (00020.HK) announced that it has been informed by Taobao Holding Limited that it has disposed of all the Class B shares of the Company held by it in an orderly manner, and that as at the date of this announcement, the arrangements for such disposal have been completed.
The existing business relationships between Taobao Holding Limited and the Group remain unaffected.
Based on public information, Taobao Holding Limited is a wholly-owned subsidiary of BABA-SW (09988.HK).
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
- Posts: 118900
- Joined: Wed May 07, 2008 9:28 am
Re: Sensetime 0020
by winston » Tue Aug 29, 2023 8:50 am
vested
SenseTime loss edges down by 1pc
by Aiden He
SenseTime (0020) slightly narrowed its net loss by 1.1 percent to 3.12 billion yuan (HK$3.36 billion) in the first six months of this year from a year earlier, bringing the total loss since 2018 to 46.8 billion yuan.
The Chinese artificial intelligence company's revenue grew by 1.3 percent to 1.43 billion yuan in the period.
Sales from the smart business segment jumped by 50.2 percent to 853.6 million yuan. The number of the segment's customers dropped by 6.1 percent to 481 but the average revenue per client soared by 60 percent, it said.
Revenue from smart life business climbed by 6.7 percent to 311.8 million yuan.
Rev from smart city plunged by 57.7 percent to 183.8 million yuan.
Sales from smart auto also fell by 30.5 percent to 83.9 million yuan.
Before the results announcement, Caixin reported that SenseTime has been cutting up to 15 percent of the headcounts in the smart city business since last month.
SenseTime had 5,016 employees by June, down from 5,098 in December and 5,943 from a year ago.
The group's gross profit margin in the six months, meanwhile, sank by 20.7 percentage points to 45.3 percent, mainly due to higher hardware and AI data center-related costs.
Its research and development expenses reached 1.78 billion yuan, despite having declined by 12.4 percent from a year ago. It attributed the drop to decreases in employee benefit expenses, as well as in server operation and cloud-based service fees.
Its cash and cash equivalents were 7.15 billion yuan and term deposits were 4.69 billion yuan as of the end of June.
Source: The Standard
https://www.thestandard.com.hk/section- ... own-by-1pc
SenseTime loss edges down by 1pc
by Aiden He
SenseTime (0020) slightly narrowed its net loss by 1.1 percent to 3.12 billion yuan (HK$3.36 billion) in the first six months of this year from a year earlier, bringing the total loss since 2018 to 46.8 billion yuan.
The Chinese artificial intelligence company's revenue grew by 1.3 percent to 1.43 billion yuan in the period.
Sales from the smart business segment jumped by 50.2 percent to 853.6 million yuan. The number of the segment's customers dropped by 6.1 percent to 481 but the average revenue per client soared by 60 percent, it said.
Revenue from smart life business climbed by 6.7 percent to 311.8 million yuan.
Rev from smart city plunged by 57.7 percent to 183.8 million yuan.
Sales from smart auto also fell by 30.5 percent to 83.9 million yuan.
Before the results announcement, Caixin reported that SenseTime has been cutting up to 15 percent of the headcounts in the smart city business since last month.
SenseTime had 5,016 employees by June, down from 5,098 in December and 5,943 from a year ago.
The group's gross profit margin in the six months, meanwhile, sank by 20.7 percentage points to 45.3 percent, mainly due to higher hardware and AI data center-related costs.
Its research and development expenses reached 1.78 billion yuan, despite having declined by 12.4 percent from a year ago. It attributed the drop to decreases in employee benefit expenses, as well as in server operation and cloud-based service fees.
Its cash and cash equivalents were 7.15 billion yuan and term deposits were 4.69 billion yuan as of the end of June.
Source: The Standard
https://www.thestandard.com.hk/section- ... own-by-1pc
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: Sensetime 0020
by winston » Tue Aug 29, 2023 1:42 pm
vested
Broker│Opinion
Haitong International│Fully bet on generative AI
CCBI│Interim results not inadequate overall
CMBI│Focus on generative AI business development
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
Broker│Opinion
Haitong International│Fully bet on generative AI
CCBI│Interim results not inadequate overall
CMBI│Focus on generative AI business development
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
- Posts: 118900
- Joined: Wed May 07, 2008 9:28 am
Re: Sensetime 0020
by winston » Wed Aug 30, 2023 1:38 pm
vested
CICC Axes TP of SENSETIME-W (00020.HK) by 53.5% to $2, as Interim Results Miss
CICC released a report, saying that the first-half results of SENSETIME-W (00020.HK) were affected by the pressure of smart city and business, and has missed expectations.
Considering the weaker-than-expected returns from the company's smart city business, the broker lowered its revenue forecasts for 2023 by 16.9% to $4.26 billion, and for 2024 by 28.2% to $4.86 billion.
The broker also narrowed its adjusted net loss forecasts for 2023 by 8.7% to $1.92 billion, and for 2024 by 7.8% to $1.18 billion, citing improved profitability of the company's AIGC empowerment business.
Related News: SENSETIME-W Interim Loss Narrows to RMB3.123B
As the valuation pivot of the AI industry is moving down, CICC axed its target price on SENSETIME by 53.5% to $2, but maintained its Outperform rating.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
CICC Axes TP of SENSETIME-W (00020.HK) by 53.5% to $2, as Interim Results Miss
CICC released a report, saying that the first-half results of SENSETIME-W (00020.HK) were affected by the pressure of smart city and business, and has missed expectations.
Considering the weaker-than-expected returns from the company's smart city business, the broker lowered its revenue forecasts for 2023 by 16.9% to $4.26 billion, and for 2024 by 28.2% to $4.86 billion.
The broker also narrowed its adjusted net loss forecasts for 2023 by 8.7% to $1.92 billion, and for 2024 by 7.8% to $1.18 billion, citing improved profitability of the company's AIGC empowerment business.
Related News: SENSETIME-W Interim Loss Narrows to RMB3.123B
As the valuation pivot of the AI industry is moving down, CICC axed its target price on SENSETIME by 53.5% to $2, but maintained its Outperform rating.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: Sensetime 0020
by winston » Wed Aug 30, 2023 3:34 pm
vested
CMBI Trims SENSETIME-W (00020.HK) TP to $2.3, Rating Buy
CMBI revised down its target price on SENSETIME-W (00020.HK) from $3.45 to $2.3, and maintained a Buy rating.
According to the broker, the company had optimized its business strategy, shrinking its non-core smart city business and concentrating on its generative AI business, which accounted for 20% of its 1H23 total revenue.
Related News: CICC Axes TP of SENSETIME-W (00020.HK) by 53.5% to $2, as Interim Results Miss
CMBI expected the adjustments to propel an 18% YoY hike in 2H23 revenue and to release operating leverage.
The broker lowered its 2023-25 revenue forecast for SENSETIME by 10-13% based on adjustments to its smart city business, and expected adjusted net loss to fall from RMB3.8 billion/3.3 billion/ 2.6 billion to RMB3.5 billion/ 3 billion/ RMB2.2 billion based on stricter management of operating expenses.
Based on its solid AI infrastructure, strong R&D experience and knowledge of foundation models, paired with ample application examples, the broker believed that the company is well-positioned to embrace the generated AI opportunities in China.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
CMBI Trims SENSETIME-W (00020.HK) TP to $2.3, Rating Buy
CMBI revised down its target price on SENSETIME-W (00020.HK) from $3.45 to $2.3, and maintained a Buy rating.
According to the broker, the company had optimized its business strategy, shrinking its non-core smart city business and concentrating on its generative AI business, which accounted for 20% of its 1H23 total revenue.
Related News: CICC Axes TP of SENSETIME-W (00020.HK) by 53.5% to $2, as Interim Results Miss
CMBI expected the adjustments to propel an 18% YoY hike in 2H23 revenue and to release operating leverage.
The broker lowered its 2023-25 revenue forecast for SENSETIME by 10-13% based on adjustments to its smart city business, and expected adjusted net loss to fall from RMB3.8 billion/3.3 billion/ 2.6 billion to RMB3.5 billion/ 3 billion/ RMB2.2 billion based on stricter management of operating expenses.
Based on its solid AI infrastructure, strong R&D experience and knowledge of foundation models, paired with ample application examples, the broker believed that the company is well-positioned to embrace the generated AI opportunities in China.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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