Market Chatter: SenseTime Adapting to Various Chipsets Amid Sanctions, Challenges, CEO Says

MT Newswires Live
2024-10-18

SenseTime (HKG:0020) CEO Xu Li said its technologies will still be relevant beyond its 10th anniversary as it could adapt its artificial intelligence algorithms to more than 50 chipsets, the South China Morning Post reported Thursday.

The Hong Kong-listed AI company is also adapting to restrictions faced by its Chinese peers. It has also developed other systems adaptive to China-made graphics processing units, the report said.

SenseTime is on track to reach profit by 2026, with the bottom line gaining from efficiency in the use of GPU resources, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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