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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.

By Hugh Chen

The release of OpenAI's ChatGPT in late 2022 sparked a global revolution in artificial intelligence (AI). Overnight, the term "AI" became synonymous with the generative form of the technology, representing a sudden shift away from the previous focus on computer vision, an area where China had been leading.

With that shift, SenseTime (0020.HK), once hailed as one of China's four “AI Dragons," found itself scrambling to adapt. The company swiftly decided to go all-in on generative AI, joining the earliest group of Chinese companies investing in the technology.

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