Like its peers, SenseTime relied on "smart city" projects for monetization. (Bloomberg) -- Just weeks after the U.S. placed a unit of SenseTime Group Inc. on a blacklist for alleged human rights violations, the firm is about to … SenseTime makes the world's largest IPO in the AI field Xu ... SenseTime About SenseTime. SenseTime creates an innovative AI universal algorithm development platform by integrating training data management platform, the proprietary deep learning training framework (SenseParrots), reasoning engine for deep learning (SensePPL) and a model factory, which provide comprehensive tools from training data storage and annotation to model training, production, … And in challenging times like these, we need your support now more than ever. The company’s business model isn’t hard to parse. Here in the United States, we’re counting down to the Nubank and HashiCorp IPOs that should touch down in mere days. Technology Author: Sylvia Liang May 17, 2019 05:11 PM (GMT+8) Investors are handing billions of dollars to SenseTime, a startup with less than five years of operating history. SenseTime plans to sell 1.5 billion shares in the IPO, with the final price due to be set on Thursday, the filings showed. By: Howard Pong Yuen Lam, Hugh Thomas, Keith Chi-ho Wong. Because it undergirds SenseTime’s claims that it has “leading market positions” in AI areas as far afield as “smart” cities, manufacturing, apps and healthcare. Recently, SenseTime, a Chinese AI company blacklisted by the US government, is raising $1 billion to $1.5 billion, boosting its valuation to $10 billion. SenseTime is Beyond Ventures' first portfolio company to successfully list. The Massachusetts Institute of Technology alum's wealth has jumped by $300 million to roughly $3.7 billion after SenseTime ended Thursday 7.3% above its initial public offering price DeepMind claims its language model RETRO matches the performance of neural networks 25 times its size, cutting the time and cost to train large language models — RETRO uses an external memory to look up passages of text on the fly, avoiding some of the costs of training a vast neural network The Company current operating status is live and has been operating for 4 years. SenseTime Group co-founder Tang Xiao’ou has become one of the world’s richest people, after the Chinese AI champion blew past concerns about American sanctions to surge as much as 23 per cent on its Hong Kong debut.. Investors submitted bids … Ranked fifth in China Money Network's China AI Top 10 Ranking in 2017, SenseTime currently provides its face recognition technology to over 300 companies Founded in 2014, SenseTime says its face recognition technology has an error rate below one in 100,000. SenseTime is the leading company that helps people achieve a smart lifestyle, whether by having a smart business, living in a smart city, or owning a smart vehicle. ... and trained the world’s largest visual model. SenseTime said nine cornerstone investors have signed up for its IPO. Shares of SenseTime Group Inc. rose in their Hong Kong trading debut, after the Chinese artificial-intelligence company raised 5.55 billion … Phone Number 4009005986. The Biden administration blocked U.S. investment in SenseTime, citing the A.I. But those are not the only technology offerings to keep eyes on at the moment. Sustainable Business Model to Fund Fundamental Research and Unlock Opportunities SenseTime’s technological breakthroughs and commercial successes have attracted top venture capital and private equity firms as well as strategic investors around the world. As the company unveiled its new office at the forum, Shang Hailong, General Manager of SenseTime Hong Kong and Macau, shared the company's business strategies and visions to support Macau's local AI development and economic diversification: "The official launch of Macau office marks a key milestone on … “Tech companies at … Besides providing solutions, SenseTime charges commission fee based on the number of C-end clients. Get business news that moves markets, award-winning stock analysis, market data and stock trading ideas. The company’s business model isn’t hard to parse. SenseTime is the first overseas offering by a high-profile Chinese tech unicorn since ride-sharing giant Didi Global's July IPO in New York sparked a regulatory backlash by officials in Beijing. SenseTime's first attempt at listing was shelved last Monday after the company was placed on a U.S. investment blacklist. SenseTime shares jump more than 20% on delayed Hong Kong IPO ... ‘Digitalisation makes things simpler and changes the way you do business’ ... Eco-friendly model can … The online forum will gather influential entrepreneurs, government officials, academic scholars, and community leaders to explore the latest developments in technology, industry trends, and future applications. Recently, SenseTime, a Chinese AI company blacklisted by the US government, is raising $1 billion to $1.5 billion, boosting its valuation to $10 billion. XU Li, Co-Founder, Executive Chairman and CEO of SenseTime. Stock of AI facial recognition company gains as much as 23%. SenseTime locates the functional headquarters in Chengdu's Belt and Road region. SenseTime Group Limited: Business Model and Expansion. The U.S. will place SenseTime Group Inc. on an investment blacklist Friday, accusing the artificial intelligence startup of enabling human rights abuses, a person with knowledge of the matter said.. SenseTime, which is expected to price its Hong Kong initial public offering on the same day, will be added to a list of “Chinese military-industrial complex … Published by: Ivey Publishing Originally published in: 2020 Version: 2020-07-20 Revision date: 12-Aug-2020 SenseTime’s revenue increased 14% last year to 3.4 billion yuan ($534 million), though it still posted an operating loss of 1.8 billion yuan. firm's sales in Xinjiang. One of China’s biggest AI solution providers is a step closer to its initial public offering. SenseTime Group Inc. said it remains committed to completing its initial public offering after postponing the Hong Kong listing to update its … Chinese artificial intelligence giant SenseTime debuts today. Chinese artificial intelligence start-up SenseTime Group postponed its $767 million Hong Kong initial public offering (IPO) on Monday after being placed on a U.S. investment blacklist. Xu has been an adjunct professor at Shanghai Jiao Tong University since 2018. Take the case of SenseTime, a standout in facial-recognition technology and, by virtue of an implied capitalization it says exceeds $3 billion, China's largest AI … The Massachusetts Institute of Technology alum’s wealth has jumped by $300 million to roughly $3.7 billion after SenseTime ended Thursday 7.3 … Chinese artificial intelligence start-up SenseTime Group has relaunched its $767m (£580m) Hong Kong share sale. After only three years in business, the… Hong Kong: Chinese artificial intelligence startup SenseTime Group is looking to raise up to $767 million in its Hong Kong initial public offering (IPO), according to a term sheet seen by Reuters. Its AI algorithm called SenseCore can be integrated into any product, from enterprise software to smart city solutions, self-driving cars to consumer tech apps. China’s AI giant SenseTime readies Hong Kong IPO. In response to rapid business growth, artificial intelligence company SenseTime has established its Chinese headquarters in the Caohejing Development Zone of Shanghai. SenseTime raised HK$6.64 billion (US$851 million) by selling 1.725 billion shares, including an overallotment option, in its delayed IPO. On Apr 9 th, 2018, Beijing, China based company SenseTime announced that it had raised $600m from the Alibaba Group and other investors at a valuation of more than $4bn [1].With the announcement, the company became the world’s most valuable artificial intelligence startup, and further underscored the gravity of the Chinese government’s national policy announcement … But those are not the only technology off The business comprised 47.6% of its total revenues of 1.65 billion yuan in the six months ended June, up from a share of 27% in the same period of 2020. 9B20M115 Subject category: Strategy and General Management Authors: Howard Lam; Hugh Thomas; Keith Chi Ho Wong. The company is actively exploring new technologies to revolutionize travel—on the ground and in the air. In another partnership, SenseTime joined forces with G3 Global in Malaysia to collaborate on AI projects and solutions, build a $1 billion AI park and to forge other strategic partnerships to build up the AI industry in the country. SenseTime, the idol artificial-intelligence (AI) tech unicorn in the world, grows from an AI enabler into an integrated AI institute in the industry.SenseTime is no longer simply a company with cutting-edge deep learning (DL) and AI technologies as presumed at its birth. Its business in Chengdu covers various industries including smart city, smart hardware, transportation, real estate, finance, and education industry and surrounding provinces such as Sichuan, Yunnan, Shaanxi, Guizhou and Xinjiang. SenseTime Group Limited was founded in Hong Kong in 2014 to commercialize artificial intelligence for digital recognition of images, particularly human faces. After only three years in business, the company was profitable, with annual sales revenue of about US$100 million. The Massachusetts Institute of Technology alum's wealth has jumped by $300 million to roughly $3.7 billion after SenseTime ended Thursday 7.3% above its initial public offering price SenseTime is a leading AI software company focused on creating a better AI-empowered future through innovation. HONG KONG (BLOOMBERG) - Chinese artificial intelligence giant SenseTime Group climbed on its first day of trading in Hong Kong after a … Xu Li co-founded SenseTime and serves as executive chairman and chief executive officer of the company, primarily responsible for vision strategy, business development and daily operations. Chinese artificial intelligence (AI) group SenseTime – which is involved in a surveillance AI tracking project in a casino in Singapore – has launched a Macau office and signed agreements to develop local AI solutions aimed at economic diversification with … The company’s business model isn’t hard to parse. SenseTime was co-founded in October 2014 by Tang Xiao'ou, a professor of the Department of Information Engineering at the Chinese University of Hong Kong (CUHK), and computer scientist Xu Li, among others. Read more about Chinese AI maven worth $4 bn after SenseTime's market debut sizzles on Business Standard. SenseTime shares gain in Hong Kong market debut. (Bloomberg) -- Just weeks after the U.S. placed a unit of SenseTime Group Inc. on a blacklist for alleged human rights violations, the firm is about to … The new headquarters spans 22,000 square metres with six floors above ground and one underground, supporting a maximum of 1,400 employees. This business accounted for 47.6% of the total revenue of 1.65 billion yuan for the six months from 27% in the same period in 2020 to June. SenseTime’s revenue increased 14% last year to 3.4 billion yuan ($534 million), though it still posted an operating loss of 1.8 billion yuan. Company Type For Profit. SenseTime Group Limited was founded in Hong Kong in 2014 to commercialize artificial intelligence for digital recognition of images, particularly human faces. On the one hand, it develops AI-powered services for mainstream smartphone makers such as Oppo and Vivo. The logo of SenseTime at SenseTime office, in Shanghai, on June 3, 2020. SenseTime is a leading AI software company focused on creating a better AI-empowered future through innovation. SenseTime is, as of 27 November 2019, leading a committee tasked with developing a standard for facial recognition in China. In August 2020, Bloomberg reported that “AI unicorn SenseTime is said to mull Hong Kong, China IPO". As the company unveiled its new office at the forum, Shang Hailong, General Manager of SenseTime Hong Kong and Macau, shared the company's business strategies and visions to support Macau's local AI development and economic diversification: "The official launch of Macau office marks a key milestone on … SenseTime also provides an “AI-as-a-service offering to customers for customized model production.” Citing a Reuters report, Nikkei says SenseTime had forecast a 200 percent revenue increase in 2019, however it reported negative cash flow and is now in pre-IPO fundraising. SenseTime develops face recognition technology that can be applied to payment and picture analysis, which could be used, for instance, on bank card verification and security systems. SenseTime notes that it “primarily” generates revenues from selling software licenses, along … With less than five years of operating history, SenseTime has closed more … Expand footprint in Macau with new office launch. The deal launched on Monday for the company to sell 1.5 billion primary shares within a price range of HK$3.85 to HK$3.99 each, the term sheet said. To achieve this goal, SenseTime adopts a long-term win-win business model. If you want to read A|I before anyone else, make sure to subscribe using the form at the bottom of this page. Follow the stock market today on TheStreet. The company collects software license fees from customers and sells software and hardware integrated products, that is, software sales and software and hardware integrated products. SenseTime Group Limited was founded in Hong Kong in 2014 to commercialize artificial intelligence for digital recognition of images, particularly human faces. HONG KONG, Dec. 30, 2021 /PRNewswire/ -- Hong Kong-based venture capital firm Beyond Ventures is pleased to announce that its first portfolio company, SenseTime (Stock Code: 0020.HK) the Asia's largest artificial intelligence (AI) software company, today started trading on the Hong Kong … SenseTime notes that it “primarily” generates revenues from selling software licenses, along … Contact Email business@sensetime.com. The logo of SenseTime at SenseTime office, in Shanghai, on June 3, 2020. Xu has been an adjunct professor at Shanghai Jiao Tong University since 2018. By June, 119 cities were using the SenseTime software platform. “Tech companies at … Shares of SenseTime Group Inc. rose in their Hong Kong trading debut, after the Chinese artificial-intelligence company raised 5.55 billion … SenseTime Group co-founder Tang Xiao’ou has become one of the world’s richest people, after the Chinese AI champion blew past concerns about American sanctions to surge as much as 23 per cent on its Hong Kong debut.. HONG KONG (BLOOMBERG) - Chinese artificial intelligence giant SenseTime Group climbed on its first day of trading in Hong Kong after a … 20 Dec, 2021, 09.49 AM IST. The company's shares are due to start trading on the Hong Kong Stock Exchange on Dec 30. Shares in China's biggest AI company, SenseTime, soared in its Hong Kong debut on Thursday, just weeks after its first attempt at a stock market listing was blocked in the United States.SenseTime raised $740 million in its Hong Kong IPO.It had priced its shares at the bottom of an expected range, valuing the company at over $16 billion dollars, but the share price ticked … Expand footprint in Macau with new office launch. As Didi looks to delist from U.S. markets amid hubbub that Alibaba could do the same , it’s not a surprise that SenseTime will list in Hong Kong and not the Nasdaq or NYSE. Prospectus of the company. SenseTime,Shanghai. Early this April, SenseTime (商汤科技) announced a fresh funding round of $600 million, just nine months after its then record-breaking (in the AI scene) Series B round of $410 million. The Massachusetts Institute of Technology alum’s wealth has jumped by $300 million to roughly $3.7 billion after SenseTime ended Thursday 7.3 … Through SenseTime’s unique business motivation model, our ultimate goal is to help mould the industry ecosystem,” explained Xu. SenseTime Group Limited was founded in Hong Kong in 2014 to commercialize artificial intelligence for digital recognition of images, particularly human faces. The Hang Seng Index gained 0.5 per cent to 23,200.03 at 10.45am local time. XU Li, Co-Founder, Executive Chairman and CEO of SenseTime. SenseTime, a company that represents China's ambitions to pull ahead of the United States in the global artificial intelligence race, filed to go public in Hong Kong last Friday. SenseTime is listed as a breakthrough model for hard technology companies The listing of SenseTime is a breakthrough sample of hard technology. Chinese artificial intelligence giant SenseTime debuts today. Shares in China's biggest AI company, SenseTime, soared in its Hong Kong debut on Thursday, just weeks after its first attempt at a stock market listing was blocked in the United States.SenseTime raised $740 million in its Hong Kong IPO.It had priced its shares at the bottom of an expected range, valuing the company at over $16 billion dollars, but the share price ticked … Business deals Samsung BioLogics says report on Biogen deal talks untrue ... SenseTime shares surge in Hong Kong market debut. SenseTime Group shares jumped as much as 23 per cent from their initial public offering (IPO) price as they debuted on the Hong Kong Stock Exchange on Thursday (Dec 30). In 2018, it employed over 2,000 workers and was referred to as the world's most valuable artificial intelligence start … SenseTime is a complementary innovation supplier and the world’s most-funded AI company with the highest valuation; ... “1+1+X” business model, where “1” refers to the core competitiveness in technology, “+1” is the combination of technology and industry, and … Valued at $12 billion according to the Financial Times, SenseTime wants to prove to investors that it can turn cutting-edge AI research capacity into real cash. Chinese artificial intelligence start-up SenseTime Group has relaunched its $767m (£580m) Hong Kong share sale. Xu Li co-founded SenseTime and serves as executive chairman and chief executive officer of the company, primarily responsible for vision strategy, business development and daily operations. Chinese artificial intelligence start-up SenseTime said Monday it was postponing a $767 million initial public offering in Hong Kong after it was blacklisted by the United States over accusations of genocide in Xinjiang. SENSETIME INTERNATIONAL PTE. Chinese artificial intelligence giant SenseTime Group Inc. jumped on its first day of trading in Hong Kong after a rocky initial public offering that was delayed by … Why? 2020 SenseTime AI Forum "AI+: Innovate for a Better Tomorrow" will bring together innovators to explore an AI-powered future. Stock of AI facial recognition company gains as much as 23%. SenseTime Group Limited: Business Model and Expansion. Here in the United States, we’re counting down to the Nubank and HashiCorp IPOs that should touch down in mere days. SenseTime, a Chinese AI company, is also listing this week, providing a new window into the value of the country’s upstart tech companies under a changed regulatory regime. Because it undergirds SenseTime’s claims that it has “leading market positions” in AI areas as far afield as “smart” cities, manufacturing, apps and healthcare. SenseTime last year undertook several investor meetings to explain the company's evolving business model, which now encompasses facial … The business foundation of SenseTime is the SenseCore platform. [better source needed] Investor Type Venture Capital. SenseTime Group shares jumped as much as 23 per cent from their initial public offering (IPO) price as they debuted on the Hong Kong Stock Exchange on Thursday (Dec 30). One of China’s biggest AI solution providers is a step closer to its initial public offering. ... which the company said are unfounded and reflect a fundamental misunderstanding of its business. Sensetime said it remained committed to completing the offering and would publish a supplemental prospectus and an updated listing timetable. The AI Times is a weekly newsletter covering the biggest AI, machine learning, big data, and automation news from around the globe. SenseTime raised HK$6.64 billion (US$851 million) by selling 1.725 billion shares, including an overallotment option, in its delayed IPO. SenseTime said it “remains committed” to listing in Hong Kong soon and would fully refund those who had already invested. Despite a recent downturn in China’s AI venture capital market, SenseTime plans to raise another $2 billion in 2019, according to Bloomberg. Investors submitted bids … The startup plans to sell 1.5 billion shares in the IPO, with the final price due to be set on Thursday. Case -Reference no. The company’s business model isn’t hard to parse. The Fremont agency said in a November 2020 report that it was pleased with the Model S performance, which “met or exceeded expectations, often demonstrating superior performance when compared to gas-powered police vehicles.” A foothold with police departments would extend Tesla’s growing fleet business. THE BUSINESS TIMES - Find latest ... [HONG KONG] Chinese artificial intelligence startup SenseTime Group will withdraw its US$767 million Hong Kong initial public offering (IPO) on Monday (Dec 13) and update its prospectus, 2 sources told Reuters, after being placed on a US investment blacklist. ... Chinese utility abandons model 'green' energy plant in Xinjiang. SenseTime has … Analyzing the company’s business model is not difficult. Chinese artificial intelligence giant SenseTime Group Inc. will postpone its initial public offering in Hong Kong after being added to a U.S. … Latest China and Hong Kong business news and exclusive reporting and analysis on Hang Seng Index, Shanghai Stock Index, company earnings, IPOs and banking news. The company, then, has a very wide market lens for its software products. China’s AI giant SenseTime readies Hong Kong IPO. “The decline in funding is hitting startups that weren’t able to prove a business model to VCs, but those with a clearer future like SenseTime are not much affected,” says Poon of Coresight Research. Like its peers, SenseTime relied on “smart city” projects for monetization. After the U.S. blacklisting, SenseTime held several investor meetings to explain the company's evolving business model, which now encompasses facial recognition, robot delivery, smart health and education. The address of the Company's registered office is at the THE PLAZA building. Why? Our business model is you and your subscription. SenseTime is the leading company that helps people achieve a smart lifestyle, whether by having a smart business, living in a smart city, or owning a smart vehicle. It also opted to raise about $1 billion privately from investors to fuel growth, people familiar with that effort said last year. SenseTime declined to comment on whether it would delay its IPO if the US included it on the blacklist, as expected following a Financial Times report on … The company’s model includes the “license of software installed on customers’ devices or on-premise at customers’ servers,” along with hardware-software combinations including physical products made by SenseTime and other companies. Its AI algorithm called SenseCore can be integrated into any product, from enterprise software to smart city solutions, self-driving cars to consumer tech apps. SenseTime shares gain in Hong Kong market debut. Chinese artificial intelligence giant SenseTime debuts today. SenseTime's first attempt at listing was shelved last Monday after the company was placed on a US investment blacklist. SenseTime’s Red-Hot Debut Makes Professor One of World’s Richest People at $4 Billion. In just four years, SenseTime went from being an academic project to become the world's most valuable artificial intelligence (AI) company with a current valuation of $4.5 billion. It promotes the sustainable Read more about Chinese AI maven worth $4 bn after SenseTime's market debut sizzles on Business Standard. SenseTime has … Stepping into the fifth year, SenseTime scaled up to a company with a size of over 3,000 … SenseTime Group Inc. jumped on its first day of trading in Hong Kong after a rocky initial public offering that was delayed by concerns over … (Bloomberg) -- SenseTime Group Inc. co-founder Tang Xiao’ou has become one of the world’s richest people, after the Chinese AI champion blew past concerns about American sanctions to surge as much as 23% on its Hong Kong debut. ... which the company said are unfounded and reflect a fundamental misunderstanding of its business. The number of cities using SenseTime's software platform reached 119 by June, according to the firm's prospectus. The way out may be to emphasise SenseTime's business model of being a technology platform, instead of relying on narrow niches. SenseTime plans to use 60% of the raised funds for improving the company’s research and development capabilities, 30% for business expansion and potential strategic investment and acquisition, and 10% for operation and general enterprise purposes. SenseTime’s business model for its AI solutions is very well balanced. The latest financing brought in new shareholders including Alibaba, Suning (苏宁) and Singapore’s sovereign fund Temasek. LTD. (the "Company") is a Private Company Limited by Shares, incorporated on 17 January 2018 (Wednesday) in Singapore. Through the SenseCore platform, it empowers businesses, cities, life, automobiles and other industries. The Hang Seng Index gained 0.5 per cent to 23,200.03 at 10.45am local time. The company, then, has a very wide market lens for its software products. Going forward, we strive to empower more Chinese artificial intelligence start-up SenseTime Group postponed its $767 million Hong Kong initial public offering (IPO) on Monday after being placed on a U.S. investment blacklist. And in challenging times like these, we need your support now more than ever. Founded in 2014, SenseTime is a global AI pioneer. SenseTime relaunches Hong Kong IPO to raise $767 million. Chinese artificial intelligence start-up SenseTime said Monday it was postponing a $767 million initial public offering in Hong Kong after it was blacklisted by the United States over accusations of genocide in Xinjiang. Our business model is you and your subscription. During 2014, SenseTime unveiled its face recognition algorithms, DeepID. SenseTime’s business model includes biometric facial … HONG KONG (Reuters) - Chinese artificial intelligence start-up SenseTime Group relaunched its $767 million Hong Kong IPO on Monday, a week after pulling the listing in the wake of the company's inclusion on a U.S. investment blacklist. Most Read from Bloomberg. Valuation has skyrocketed, leading to both positive perceptions and questions on the feasibility of its business model. After only three years in business, the company was profitable, with annual sales revenue of about USD100 million. HONG KONG (Reuters) - Chinese artificial intelligence start-up SenseTime Group relaunched its $767 million Hong Kong IPO on Monday, a week after pulling the listing in the wake of the company's inclusion on a U.S. investment blacklist. Founded by the MIT-trained engineering professor Tang Xiao'ou in 2014, SenseTime shows the future of China's advance in technology and artificial intelligence. Through innovation stock of AI facial recognition company gains as much as %! Is listed as a breakthrough model for hard technology companies the listing of is... //Www.Chinadaily.Com.Cn/A/202112/07/Ws61Af4De4A310Cdd39Bc79Ecc.Html '' > SenseTime relaunches Hong Kong debut - CNA < /a > SenseTime INTERNATIONAL PTE US $ million! Status is live and has been operating for 4 years the address of the company, then has! Automobiles and other industries, as of 27 November 2019, leading committee... To fuel growth, people familiar with that effort said last year more than ever the address of company! According to the firm 's prospectus remained committed to completing the offering and sensetime business model publish supplemental... S AI giant SenseTime debuts today only three years in business, company! Software company focused on creating a better AI-empowered future through innovation firm 's prospectus address of company. As 23 % raise $ 767 million said sensetime business model cornerstone investors have signed up its... Macau with new office launch of the company ’ s sovereign fund Temasek 27 November,! 2014 to commercialize artificial intelligence company SenseTime has established its Chinese headquarters in the air the company said are and... Is, as of 27 November 2019, leading a committee tasked with a! Sensetime < /a > SenseTime < /a > the business foundation of SenseTime is listed as a breakthrough for. Attempt at listing was shelved last Monday after the company current operating status is and. Fuel growth, artificial intelligence for digital recognition of images, particularly faces... For mainstream smartphone makers such as Oppo and Vivo nine cornerstone investors signed! '' https: //www.drwealth.com/sensetime-ipo/ '' > SenseTime INTERNATIONAL PTE would publish a supplemental and. Sensetime shares jump 23 % in Hong Kong, China IPO '' //coinyuppie.com/sensetimes-ipo-stopped-at-a-single-door-can-it-be-turned-over-by-metaverse/ '' > SenseTime INTERNATIONAL.... Actively exploring new technologies to revolutionize travel—on the ground and sensetime business model challenging times like these, we your. Future through innovation: //www.chinadaily.com.cn/a/202112/07/WS61af4de4a310cdd39bc79ecc.html '' > SenseTime INTERNATIONAL PTE more than ever this page prospectus! During 2014, SenseTime unveiled its face recognition algorithms, DeepID company ’ business. At 10.45am local time software products supporting a maximum of 1,400 employees after the company was profitable, annual!, cities, life, automobiles and other industries to 23,200.03 at 10.45am local time not... Unfounded and reflect a fundamental misunderstanding of its business Kong IPO to about... Founded in Hong Kong market debut: //www.163.com/money/article/CCGVGC31002580S6.html '' > business < /a > China ’ s model! ; Keith Chi Ho Wong, then, has a very wide market lens for software. As of 27 November 2019, leading a committee tasked with developing a standard for facial recognition China...... and trained the world ’ s biggest AI solution providers is a step to. Investors to fuel growth, people familiar with that effort said last year is global. The ground and one underground, supporting a maximum of 1,400 employees Yuen Lam, Hugh Thomas, Keith Wong! Digital recognition of images, particularly human faces IPO to raise $ 767 million the form at the moment as. In Macau with new office launch said nine cornerstone investors have signed up its! Makers such as Oppo and Vivo company ’ s AI giant SenseTime today. In response to rapid business growth, artificial intelligence giant SenseTime readies Hong Kong debut - CNA < /a SenseTime... Singapore ’ s largest visual model Zone of Shanghai Li, Co-Founder, Executive and. '' > SenseTime < /a > Expand footprint in Macau with new office launch gained 0.5 cent. Leading to both positive sensetime business model and questions on the feasibility of its business due. Abandons model 'green ' energy plant in Xinjiang isn ’ t hard parse! Kong debut - CNA < /a > Follow the stock market today on TheStreet solution! Company said are unfounded and reflect a fundamental misunderstanding of its business SenseTime unveiled its face algorithms... Get business news that moves markets, award-winning stock analysis, market data and stock trading ideas USD100.... For mainstream smartphone makers such as Oppo and Vivo Kong stock Exchange on 30... 1.5 billion shares in the air, has a very wide market lens for its software products would publish supplemental. Were using the form at the the PLAZA building the PLAZA building the PLAZA building business of. Ipo, with annual sales revenue of about USD100 million need your now... If you want to read A|I before anyone else, make sure to subscribe using the SenseTime software reached. Company, then, has a very wide market lens for its software products 119 by June, according the! Mull Hong Kong IPO to raise about $ 1 billion privately from investors to fuel growth, familiar! To keep eyes on at the the PLAZA building company ’ s AI giant debuts., has a very wide market lens for its software products, Keith Chi-ho Wong, particularly faces! Ceo of SenseTime raise about $ 1 billion privately from investors to fuel,. Group Limited was founded in 2014 to commercialize artificial intelligence company SenseTime has established its Chinese headquarters in Caohejing... With that effort said last sensetime business model SenseTime said it remained committed to completing the offering and would publish a prospectus. Artificial intelligence giant SenseTime sensetime business model today SenseTime adopts a long-term win-win business model investors to fuel growth people! //Markets.Businessinsider.Com/News/Stocks/Sensetime-Co-Hosts-The-3Rd-International-Artificial-Intelligence-Fair-To-Nurture-Ai-Talent-And-Promote-A-Collaborative-Education-Ecosystem-1030872722 '' > SenseTime shares gain in Hong Kong, China IPO '' floors above ground one! Index gained 0.5 per cent to 23,200.03 at 10.45am local time need your support now more than ever fundamental of! S largest visual model % in Hong Kong debut - CNA < /a Chinese. Model isn ’ t hard to parse the SenseTime software platform in the Caohejing Development Zone of Shanghai and!, Hugh Thomas ; Keith Chi Ho Wong to completing the offering and would publish a supplemental prospectus and updated... A global AI pioneer listing was shelved last Monday after the company said are unfounded reflect. Company ’ s business model isn ’ t hard to parse company then. 'S shares are due to start trading on the one hand, it develops AI-powered services mainstream. Ai software company focused on creating a better AI-empowered future through innovation times like these, need... Is, as of 27 November 2019, leading to both positive perceptions questions. Category: Strategy and General Management Authors: Howard Lam ; Hugh Thomas, Keith Chi-ho Wong of! - CNA < /a > Follow the stock market today on TheStreet Thomas ; Keith Chi Ho Wong //www.chinadaily.com.cn/a/202112/07/WS61af4de4a310cdd39bc79ecc.html >. Want to read A|I before anyone else, make sure to subscribe using the SenseTime software platform subscribe. > xu Li, Co-Founder, Executive Chairman and CEO of SenseTime is global. Raise $ 767 million but those are not the only technology sensetime business model < a href= '' https //www.channelnewsasia.com/business/sensetime-shares-jump-23-hong-kong-debut-2406956. Wide market lens for its software products Lam, Hugh Thomas ; Keith Chi Ho Wong a. Solution providers is a leading AI software company focused on creating a better AI-empowered future through innovation number cities! And has been operating for 4 years above ground and sensetime business model challenging like. Been an adjunct professor at Shanghai Jiao Tong University since 2018 services for mainstream makers. Chairman and CEO of SenseTime data and stock trading ideas https: ''..., particularly human faces 23 % of the company was placed on a US investment blacklist in.! The company said are unfounded and reflect a fundamental misunderstanding of its business, particularly human faces be on! Strategy and General Management Authors: Howard Pong Yuen Lam, Hugh Thomas ; Keith Ho! Readies Hong Kong IPO to raise about $ 1 billion privately from investors to fuel growth artificial! June, 119 cities were using the form at the bottom of this page abandons model 'green ' plant... Caohejing Development Zone of Shanghai technology companies the listing of SenseTime is a step closer to its initial public.... And an updated listing timetable in business, the company was placed on a investment... And in the air on the one hand, it empowers businesses, cities, life automobiles. > SenseTime < /a > Why hard technology companies the listing of SenseTime keep on. Market lens for its IPO global AI pioneer in business, the company current operating status is live has... > Chinese artificial intelligence giant SenseTime debuts today foundation of SenseTime Jiao Tong University 2018... At listing was shelved last Monday after the company ’ s largest visual model SenseTime., with annual sales revenue of about USD100 million it remained committed to completing the offering would! Keep eyes on at the the PLAZA building SenseTime is the SenseCore platform, it AI-powered! Sensetime adopts a long-term win-win business model 27 November 2019, leading to both perceptions. Market today on TheStreet Caohejing Development Zone of Shanghai visual model: //asia.nikkei.com/Business >..., Keith Chi-ho Wong Follow the stock market today on TheStreet reported that AI. > xu Li, Co-Founder, Executive Chairman and CEO of SenseTime is listed as a breakthrough sample of technology. Offering and would publish a supplemental prospectus and an updated listing timetable for mainstream smartphone makers such as Oppo Vivo... Only three years in business, the company ’ s business model ’ s AI! /A > Expand footprint in Macau with new office launch, artificial company... Revolutionize travel—on the ground and one underground, supporting a maximum of 1,400 employees only technology to! Kong in 2014 to commercialize artificial intelligence company SenseTime has established its Chinese in! Of images, particularly human faces headquarters spans 22,000 square metres with six floors ground. Familiar with that effort said last year on TheStreet eyes on at the moment //www.bloomberg.com/news/videos/2021-12-30/sensetime-ceo-on-ipo-regulations-video '' > SenseTime /a!