China’s SenseTime Shares Jump on Planned New AI Products Event – U.S. News & World Report
Reuters
By Josh Ye
HONG KONG (Reuters) – China’s SenseTime on Tuesday announced plans for a technology discussion day, boosting shares in the artificial intelligence (AI) firm.
It promised to showcase its latest products as well as “cutting-edge advancements in artificial intelligence technology” in an invitation sent to analysts and seen by Reuters.
Shares in the company, which has been sanctioned by the U.S., gained more than 10% in Hong Kong on Tuesday.
Global interest in AI technology has soared since the debut in late 2022 of ChatGPT, a popular chat bot developed by U.S. company OpenAI which uses generative AI technology that learns from past data to create new text, images or computer code.
Chinese search engine giant Baidu’s unveiling of its self-developed rival Ernie Bot last month was closely watched by investors, with its shares plunging and then recovering over two days as users assessed it.
SenseTime, which is best known for its computer vision technology, did not…
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source: https://news.oneseocompany.com/2023/04/04/chinas-sensetime-shares-jump-on-planned-new-ai-products-event-us-news-world-report_2023040443014.html
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