Market Chatter: SenseTime to Spin Off Healthcare Platform

MT Newswires Live

01-27

Artificial intelligence firm SenseTime (HKG:0020) plans to spin off its healthcare platform, SenseTime Healthcare, as a new entity, the South China Morning Post reported Sunday.

SenseTime Healthcare is "seeking new investments" and has completed its pre-series A funding round, the SCMP said, citing chief scientist for medical foundation models Li Hongsheng.

SenseTime Healthcare has an AI-enabled smart hospital service covering diagnostic and treatment help, AI patient service, and AI medical and hospital group services, among others, the SCMP 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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