https://www.scmp.com/rss/502303/feed Hong Kong-listed SenseTime is one of China's top artificial intelligence companies specialising in facial and image-recognition technology. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Vincent Chow Vincent Chow The organisers of a leading artificial intelligence conference have apologised after a new policy that appeared to bar US-sanctioned entities from participating sparked a backlash in China, saying the ban was more limited than initially indicated. The apology came after several major Chinese professional bodies urged domestic researchers to boycott the event, amid concerns that prominent tech groups such as Huawei Technologies would be excluded. In a statement on Friday, the Conference on Neural... https://www.scmp.com/tech/article/3348199/top-us-ai-conference-apologises-after-sanctions-policy-sparks-backlash-china?utm_source=rss_feed https://www.scmp.com/tech/article/3348199/top-us-ai-conference-apologises-after-sanctions-policy-sparks-backlash-china?utm_source=rss_feed Fri, 27 Mar 2026 12:34:14 +0000 Vincent Chow Vincent Chow A “ChatGPT moment” for China’s humanoid robots – the tipping point at which the technology becomes widely usable – remains years away as persistent challenges in adapting to new tasks and training efficiency continue to hold back the industry, leading experts said on Wednesday at the Boao Forum for Asia in Hainan. Despite rapid advances in recent years, humanoid robots were still far from large-scale deployment, with both hardware and software limitations yet to be fully resolved, panellists... https://www.scmp.com/tech/article/3347864/why-chinas-humanoid-robots-are-still-waiting-their-chatgpt-moment?utm_source=rss_feed https://www.scmp.com/tech/article/3347864/why-chinas-humanoid-robots-are-still-waiting-their-chatgpt-moment?utm_source=rss_feed Thu, 26 Mar 2026 01:15:07 +0000 Coco Feng Coco Feng Chinese tech companies from Tencent Holdings to AgiBot have named millennials and even Gen Z talent as chief scientists to lead cutting-edge research into artificial intelligence and robotics. The most watched is Vinces Yao Shunyu, who turns 28 this year. He is a former researcher at OpenAI and joined Tencent in December as chief AI scientist under the CEO’s office, reporting directly to president Martin Lau Chi-ping. A graduate of Princeton University and Tsinghua University, Yao was a core... https://www.scmp.com/tech/big-tech/article/3343042/chinese-ai-and-robotics-firms-appoint-millennial-and-gen-z-rising-stars-chief-scientists?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3343042/chinese-ai-and-robotics-firms-appoint-millennial-and-gen-z-rising-stars-chief-scientists?utm_source=rss_feed Thu, 19 Feb 2026 04:00:07 +0000 Cao Li Cao Li Global index provider MSCI revised its China gauge on Wednesday, swapping property and conglomerates for semiconductor and artificial intelligence stocks in a sign of technology’s rising role in the economy. The MSCI China Index added tech stocks including SenseTime, Pony.ai and Hesai Technology for a second straight quarter of net constituent growth since late 2025, a move analysts said would accelerate capital flows into the country’s technology sector. Against a macro backdrop of a relatively... https://www.scmp.com/business/markets/article/3343220/index-compiler-msci-tilts-towards-chinese-tech-stocks-latest-revamp?utm_source=rss_feed https://www.scmp.com/business/markets/article/3343220/index-compiler-msci-tilts-towards-chinese-tech-stocks-latest-revamp?utm_source=rss_feed Wed, 11 Feb 2026 23:30:08 +0000 Frank Chen Frank Chen Shanghai has announced a slew of new investments in hi-tech industries ranging from chips to artificial intelligence (AI) and aviation, becoming the latest Chinese city to unveil ambitious plans to boost local innovation amid an intensifying US-China tech race. The city’s Pudong district unveiled 50 big-ticket projects worth more than 70 billion yuan (US$10 billion) combined on Monday, with most of the investment earmarked to flow into key industries including microchips, AI, biopharmaceuticals,... https://www.scmp.com/economy/china-economy/article/3338940/shanghai-unveils-us10-billion-investment-spree-us-china-tech-race-heats?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3338940/shanghai-unveils-us10-billion-investment-spree-us-china-tech-race-heats?utm_source=rss_feed Wed, 07 Jan 2026 00:00:16 +0000 Aileen Chuang Aileen Chuang MiniMax is set to raise at least HK$4.2 billion (US$537.7 million) by pricing its Hong Kong initial public offering (IPO) at the top of its marketed range, underscoring strong demand for China’s artificial intelligence sector amid an intensifying race with the US. The Shanghai-based firm, backed by Alibaba Group Holding and Tencent Holdings, planned to price its 25.4 million shares on offer at HK$165 each, according to people familiar with the matter. The company would stop taking orders from... https://www.scmp.com/business/banking-finance/article/3338766/minimaxs-hong-kong-ipo-set-hit-us538-million-amid-chinese-ai-sector-frenzy?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3338766/minimaxs-hong-kong-ipo-set-hit-us538-million-amid-chinese-ai-sector-frenzy?utm_source=rss_feed Mon, 05 Jan 2026 08:39:32 +0000 Coco Feng Coco Feng China-founded start-up Tripo AI on Tuesday launched a major update to its flagship platform, renamed Tripo Studio 1.0, that speeds up artificial intelligence-driven 3D content creation by up to 200 per cent compared with its previous version, as the company’s international user community continues to expand. A pioneer in large-scale, general-purpose 3D models, Tripo AI’s user base has more than doubled to 6.5 million from 3 million in August, company founder and CEO Simon Song Yachen told the... https://www.scmp.com/tech/tech-trends/article/3338202/china-founded-tripo-ai-updates-3d-content-creation-platform-users-more-double?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3338202/china-founded-tripo-ai-updates-3d-content-creation-platform-users-more-double?utm_source=rss_feed Tue, 30 Dec 2025 23:00:09 +0000 Ann Cao Ann Cao Shanghai, China’s financial and tech hub, is aiming to foster over 200 open-source projects over the next two years as part of the city’s ambitious road map to build a world-class ecosystem amid the heated AI race with the US. By 2027, the city would see the establishment of one to two “internationally influential open-source communities”, along with 100 companies focused on related technologies and over 200 high-quality open-source projects, according to an action plan unveiled on Thursday by... https://www.scmp.com/tech/tech-war/article/3337828/shanghai-double-down-open-source-projects-amid-push-ai-chip-self-sufficiency?utm_source=rss_feed https://www.scmp.com/tech/tech-war/article/3337828/shanghai-double-down-open-source-projects-amid-push-ai-chip-self-sufficiency?utm_source=rss_feed Fri, 26 Dec 2025 10:02:50 +0000 Vincent Chow Vincent Chow Chinese start-ups Zhipu AI and MiniMax have released new flagship artificial intelligence models within hours of each other, as they vie to become the world’s leading open-source AI systems supplier. The near-simultaneous release by two of China’s “AI tigers” underscored efforts to drum up interest for their respective initial public offerings in Hong Kong, after both companies passed crucial regulatory hearings over the weekend. Beijing-based Zhipu AI, known internationally as Z.ai, on Monday... https://www.scmp.com/tech/tech-trends/article/3337516/chinese-start-ups-zhipu-and-minimax-release-latest-ai-models-ahead-hong-kong-listing?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3337516/chinese-start-ups-zhipu-and-minimax-release-latest-ai-models-ahead-hong-kong-listing?utm_source=rss_feed Tue, 23 Dec 2025 12:00:14 +0000 Vincent Chow Vincent Chow Chinese artificial intelligence pioneer SenseTime has open-sourced a “world model” and kicked off its foray into the burgeoning field of embodied intelligence by releasing its first robotic dogs. The Hong Kong-listed AI firm’s new venture, Ace Robotics, on Thursday released Kairos 3.0, an open-source model that simulates the physical world, and a developer platform called “KaiWu” that supports embodied intelligence applications. “Ace Robotics will promote the large-scale commercialisation of... https://www.scmp.com/tech/tech-trends/article/3336956/sensetime-pushes-open-source-ai-model-provide-smart-brain-every-robot?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3336956/sensetime-pushes-open-source-ai-model-provide-smart-brain-every-robot?utm_source=rss_feed Thu, 18 Dec 2025 13:30:16 +0000 Ben Jiang Ben Jiang China’s artificial intelligence video market is heating up as companies race to launch generative tools, promising to produce high-quality, realistic clips, fuelled by the growing adoption of AI in video creation across industries. Beijing-based Shengshu Tech, the first mainland Chinese firm to roll out a challenger to OpenAI’s Sora video generation tool, on Tuesday unveiled an AI agent it said was a “one-click professional video creation tool”, capable of turning images into high-quality,... https://www.scmp.com/tech/tech-trends/article/3336628/rapid-advances-chinas-ai-video-space-lead-widespread-tech-adoption?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3336628/rapid-advances-chinas-ai-video-space-lead-widespread-tech-adoption?utm_source=rss_feed Tue, 16 Dec 2025 13:00:10 +0000 Aileen Chuang Aileen Chuang Chinese artificial intelligence start-up MiniMax plans to channel funds from its proposed Hong Kong initial public offering (IPO) into research and development as it seeks to compete with global and domestic rivals, according to a person familiar with the matter. With 70 per cent of its revenue generated overseas, MiniMax was targeting Hong Kong’s international investor base and capital market, the person said. The Shanghai-based firm, backed by Alibaba Group Holding and Tencent Holdings, was... https://www.scmp.com/business/banking-finance/article/3336146/chinas-generative-ai-tiger-minimax-pursues-hong-kong-ipo-expand-global-reach?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3336146/chinas-generative-ai-tiger-minimax-pursues-hong-kong-ipo-expand-global-reach?utm_source=rss_feed Fri, 12 Dec 2025 03:06:44 +0000 Vincent Chow Vincent Chow Chinese artificial intelligence pioneer SenseTime is betting that its roots in computer vision will help it lead the next phase of AI, as the industry shifts towards multimodal systems and embodied intelligence in the physical world, according to co-founder and chief scientist Lin Dahua. In an interview with the Post on Wednesday, Lin said the company’s long-standing expertise in vision-based AI put it in a strong position to become a leader in embodied intelligence, robotics and AI agents... https://www.scmp.com/tech/big-tech/article/3335922/less-hype-and-more-hardware-sensetime-banks-multimodal-ai-regain-its-edge?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3335922/less-hype-and-more-hardware-sensetime-banks-multimodal-ai-regain-its-edge?utm_source=rss_feed Thu, 11 Dec 2025 00:00:17 +0000 Jiang Chuqin Jiang Chuqin The wife of Chinese AI giant SenseTime’s late co‑founder has established an education and charity foundation in Hong Kong, donating HK$20 million (US$2.57 million) in the name of the couple to set up scholarships at several universities and establish a professorship. Sophie Yang Qiumei, a managing director and adviser to the CEO at the Hong Kong stock exchange and who inherited a stake worth more than US$1 billion in SenseTime from her husband last year, launched the Sophie and Sean Foundation... https://www.scmp.com/news/hong-kong/education/article/3335931/wife-sensetimes-late-founder-donates-hk20-million-new-hong-kong-charity?utm_source=rss_feed https://www.scmp.com/news/hong-kong/education/article/3335931/wife-sensetimes-late-founder-donates-hk20-million-new-hong-kong-charity?utm_source=rss_feed Wed, 10 Dec 2025 11:41:52 +0000 Vincent Chow Vincent Chow Chinese chip designer Cambricon Technologies and artificial intelligence company SenseTime have teamed up to advance the country’s efforts to become self-reliant in AI infrastructure, according to a social media post on Wednesday. The two companies intend to leverage their respective hardware and software expertise to promote “a new indigenous AI development paradigm”, according to a WeChat post by SenseTime, in response to the “AI Plus” strategy unveiled in August by the State Council, China’s... https://www.scmp.com/tech/tech-trends/article/3329146/cambricon-sensetime-form-strategic-cooperation-support-chinas-tech-self-reliance-push?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3329146/cambricon-sensetime-form-strategic-cooperation-support-chinas-tech-self-reliance-push?utm_source=rss_feed Thu, 16 Oct 2025 02:00:14 +0000 Sylvie Zhuang Sylvie Zhuang Chinese scholars have criticised US-led sanctions over Xinjiang, saying their research showed the measures had resulted in long-term economic damage, including job losses. The findings, presented at an academic seminar in Hong Kong last month, offered one of the first aggregated assessments of the impacts of US sanctions imposed on Chinese companies over alleged human rights abuses in the far western Xinjiang Uygur autonomous region. Beijing has denied those accusations and condemned the... https://www.scmp.com/news/china/politics/article/3325377/after-years-us-sanctions-how-xinjiangs-economy-doing?utm_source=rss_feed https://www.scmp.com/news/china/politics/article/3325377/after-years-us-sanctions-how-xinjiangs-economy-doing?utm_source=rss_feed Fri, 12 Sep 2025 22:00:15 +0000 Zhou Xin Zhou Xin Chinese artificial intelligence (AI) powerhouse SenseTime is on a fast track to turn a profit thanks to its strategy of spinning off noncore operations as well as support from Beijing, CEO Xu Li said. In an interview with the Post on Friday, Xu said SenseTime’s 1+X strategy, where “1” refers to its core AI business and “X” encompasses other ventures, is paying off as the company’s first-half adjusted loss narrowed by 50 per cent from a year earlier. “The speed of narrowing losses will only... https://www.scmp.com/tech/big-tech/article/3323808/china-ai-firm-sensetime-fast-track-profitability-thanks-spin-offs-beijing-support?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3323808/china-ai-firm-sensetime-fast-track-profitability-thanks-spin-offs-beijing-support?utm_source=rss_feed Mon, 01 Sep 2025 01:00:13 +0000 Wency Chen Wency Chen SenseTime has significantly narrowed its losses while achieving robust growth in its generative artificial intelligence business in the first half of 2025, as China pushes a nationwide initiative to advance the AI industry. The Hong Kong-listed company on Thursday posted revenue of 2.36 billion yuan (US$330 million) for the six months ended June 30, marking a 35.6 per cent increase from a year earlier. Gross profit rose 18.4 per cent year on year to 907.8 million yuan, although gross margin... https://www.scmp.com/tech/tech-trends/article/3323537/sensetimes-ai-growth-surges-china-advances-nationwide-initiative?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3323537/sensetimes-ai-growth-surges-china-advances-nationwide-initiative?utm_source=rss_feed Thu, 28 Aug 2025 12:37:05 +0000 Coco Feng Coco Feng China’s tech industry has hailed Beijing’s latest strategy to widely apply artificial intelligence to economic and social enterprises amid hopes the move could boost market prospects for local suppliers of chips, servers and AI solutions. Beijing’s decision to implement AI in research, industry and consumption has further boosted confidence in the sector, particularly in computing power and domestic AI chips, amplifying the momentum triggered by DeepSeek’s V3.1 AI model. China’s AI ecosystem,... https://www.scmp.com/tech/article/3323367/chinas-tech-industry-hails-beijings-ai-blueprint-local-chip-server-makers-set-gain?utm_source=rss_feed https://www.scmp.com/tech/article/3323367/chinas-tech-industry-hails-beijings-ai-blueprint-local-chip-server-makers-set-gain?utm_source=rss_feed Wed, 27 Aug 2025 13:00:19 +0000 Coco Feng Coco Feng A hi-tech area in Beijing will host a shopping festival for robots, where buyers can receive up to 250,000 yuan (US$34,700) in subsidies when purchasing robots from some of the country’s leading manufacturers of the advanced technology. The event, which runs through August 17, will cover products from leading Chinese brands such as Unitree Robotics and UBTech Robotics, according to a Sunday post from the administrative body of Beijing Economic-Technological Development Area, also known as... https://www.scmp.com/tech/article/3320679/beijings-e-town-offers-subsidies-robot-buyers-china-embraces-humanoids?utm_source=rss_feed https://www.scmp.com/tech/article/3320679/beijings-e-town-offers-subsidies-robot-buyers-china-embraces-humanoids?utm_source=rss_feed Mon, 04 Aug 2025 11:00:09 +0000 Wency Chen Wency Chen China’s humanoid robots took centre stage at the World Artificial Intelligence Conference (WAIC) in Shanghai, where leading manufacturers, component suppliers and AI firms showed the country’s grand ambitions in the fast-developing robotics industry. WAIC’s exhibition, which concluded on Tuesday, featured robots engaged in various activities, built by some of the country’s major manufacturers including AgiBot, Unitree Robotics, Fourier Intelligence, Keenon Robotics, Galbot, Deep Robotics,... https://www.scmp.com/tech/big-tech/article/3320016/waic-shanghai-chinas-humanoid-robots-put-show-teslas-optimus-kept-behind-glass?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3320016/waic-shanghai-chinas-humanoid-robots-put-show-teslas-optimus-kept-behind-glass?utm_source=rss_feed Tue, 29 Jul 2025 13:00:10 +0000 Ann Cao,Wency Chen Ann Cao,Wency Chen China is now home to 1,509 AI models, which accounts for more than 40 per cent of the world’s total, according to data from the World Artificial Intelligence Conference (WAIC) in Shanghai, showing the country’s great leap forward in the fast-growing technology. There are 3,755 total AI models known worldwide, according to a Xinhua report on Monday, citing WAIC data. Tencent Holdings and SenseTime on Sunday launched new AI models at the conference. Tencent’s Hunyuan 3D World Model 1.0 showed its... https://www.scmp.com/tech/tech-trends/article/3319878/waic-shanghai-china-reveals-new-great-leap-forward-1509-ai-models?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3319878/waic-shanghai-china-reveals-new-great-leap-forward-1509-ai-models?utm_source=rss_feed Mon, 28 Jul 2025 13:00:08 +0000 Wency Chen,Ann Cao Wency Chen,Ann Cao Tencent Holdings and SenseTime launched new artificial intelligence (AI) models at the World Artificial Intelligence Conference (WAIC) in Shanghai on Sunday as Chinese Big Tech companies stepped up their rivalry in the field. Shenzhen-based social media and gaming powerhouse Tencent unveiled its Hunyuan 3D World Model 1.0, an open-source AI model capable of generating detailed three-dimensional environments, according to a statement. SenseTime, an AI pioneer in China, launched SenseNova V6.5, a... https://www.scmp.com/tech/article/3319751/waic-shanghai-tencent-sensetime-launch-new-ai-models-stir-industry-rivalry?utm_source=rss_feed https://www.scmp.com/tech/article/3319751/waic-shanghai-tencent-sensetime-launch-new-ai-models-stir-industry-rivalry?utm_source=rss_feed Sun, 27 Jul 2025 10:32:43 +0000 Ann Cao,Wency Chen Ann Cao,Wency Chen Shanghai will host its eighth annual flagship artificial intelligence (AI) conference this weekend as China ramps up competition against the US for supremacy in the fast-developing technology. The three-day World Artificial Intelligence Conference (WAIC), with the theme of “Global Solidarity in the AI Era”, will kick off on Saturday with an opening keynote from Premier Li Qiang, who also headlined last year’s event. A high-level meeting on global AI governance will be held in tandem with the... https://www.scmp.com/tech/big-tech/article/3319607/shanghai-conference-sets-stage-us-china-face-heated-race-ai-supremacy?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3319607/shanghai-conference-sets-stage-us-china-face-heated-race-ai-supremacy?utm_source=rss_feed Fri, 25 Jul 2025 10:00:16 +0000 Yulu Ao Yulu Ao Chinese companies are stepping up their fundraising activities to shore up liquidity and manage refinancing needs as market sentiment shows signs of recovery in the second half of the year. On Thursday, artificial intelligence firm SenseTime unveiled an agreement to raise HK$2.5 billion (US$318 million) through a share subscription, and dairy giant Mengniu Dairy said it would generate 3.5 billion yuan (US$489 million) through a bond issuance. Those plans came to light a day after UBTech Robotics... https://www.scmp.com/business/china-business/article/3319376/sensetime-mengniu-join-ubtech-wave-chinese-firms-tapping-capital-markets?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3319376/sensetime-mengniu-join-ubtech-wave-chinese-firms-tapping-capital-markets?utm_source=rss_feed Thu, 24 Jul 2025 05:00:41 +0000 Xinmei Shen Xinmei Shen Hong Kong’s status as an international financial centre gives it an edge in artificial intelligence (AI) development in spite of rising geopolitical tensions, according to experts, as the city boosts computing power resources to support companies involved in the vital technology. “For AI companies, having easy access to capital is extremely important,” SenseTime chief financial officer Wang Zheng said in a panel discussion at the South China Morning Post’s China Conference 2025 on Tuesday. “Hong... https://www.scmp.com/tech/tech-trends/article/3317424/hong-kongs-international-financial-centre-role-gives-it-edge-ai-market-experts-say?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3317424/hong-kongs-international-financial-centre-role-gives-it-edge-ai-market-experts-say?utm_source=rss_feed Tue, 08 Jul 2025 12:30:14 +0000 Xinmei Shen Xinmei Shen Alibaba Group Holding has launched a new artificial intelligence (AI) model, Qwen VLo, said to be capable of generating and editing images with a finesse akin to that of a human artist, intensifying the competition in multimodal models as the tech giant seeks to redefine itself as an AI leader. Released on Friday, Qwen VLo was a “comprehensive upgrade” from previous models like QwenVL and Qwen2.5 VL, the company said. It could better understand input and create more precise images, accommodate... https://www.scmp.com/tech/big-tech/article/3316213/alibaba-unveils-new-ai-model-image-creation-open-source-approach-gains-recognition?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3316213/alibaba-unveils-new-ai-model-image-creation-open-source-approach-gains-recognition?utm_source=rss_feed Sat, 28 Jun 2025 09:00:07 +0000 Bloomberg Bloomberg A money manager to some of Hong Kong’s richest individuals will start investing in cryptocurrency, as more favourable regulations attract a wider array of investors to the digital-asset sector. VMS Group, a multifamily office with just under US$4 billion in assets under management, plans to allocate up to US$10 million to strategies run by decentralised-finance hedge fund Re7 Capital, said VMS managing partner Elton Cheung in an interview. He added that the size of the allocation has not been... https://www.scmp.com/tech/tech-trends/article/3315612/hong-kong-family-office-vms-group-makes-first-foray-cryptocurrency?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3315612/hong-kong-family-office-vms-group-makes-first-foray-cryptocurrency?utm_source=rss_feed Tue, 24 Jun 2025 06:37:52 +0000 Ann Cao,Wency Chen Ann Cao,Wency Chen About three months after Huawei Technologies was added to Washington’s trade blacklist in 2019, the company’s then-rotating chairman, Eric Xu Zhijun, unveiled what he proclaimed as the “world’s most powerful AI processor” – the Ascend 910 – designed for training artificial intelligence (AI) models. Huawei’s advanced AI chip initiative, however, suddenly faced a major obstacle a year later in August 2020, when the US Commerce Department tightened restrictions by barring the sale of semiconductor... https://www.scmp.com/tech/big-tech/article/3315239/how-huaweis-silicon-strategy-defies-us-sanctions-advance-chinas-ai-ambitions?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3315239/how-huaweis-silicon-strategy-defies-us-sanctions-advance-chinas-ai-ambitions?utm_source=rss_feed Sat, 21 Jun 2025 04:00:09 +0000 Ben Jiang Ben Jiang China’s artificial intelligence (AI) market sees heightened competition, as various model providers – from SenseTime to ByteDance – step up efforts to enhance their services. Hong Kong-listed SenseTime has upgraded its Cantonese-speaking chatbot, Sensechat, with a comprehensive set of new features that include real-time audio and video-interaction capabilities, according to the company’s announcement on Thursday. Other enhancements include visual reasoning capabilities, which allow Sensechat to... https://www.scmp.com/tech/big-tech/article/3314188/bytedance-sensetime-unveil-model-updates-chinas-ai-race-heats?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3314188/bytedance-sensetime-unveil-model-updates-chinas-ai-race-heats?utm_source=rss_feed Thu, 12 Jun 2025 14:00:08 +0000 Wency Chen Wency Chen Chinese President Xi Jinping turned the spotlight on the country’s artificial intelligence (AI) development efforts during his recent tour of local incubator the Shanghai Foundation Model Innovation Centre (SMC). “China boasts abundant data resources, a comprehensive industrial system, and vast market potential, providing a promising outlook for the development of AI,” Xi was quoted as saying by state news agency Xinhua during his visit on Tuesday. Launched in September 2023 after just 38 days... https://www.scmp.com/tech/policy/article/3308589/smc-what-see-shanghai-ai-incubator-visited-xi-jinping?utm_source=rss_feed https://www.scmp.com/tech/policy/article/3308589/smc-what-see-shanghai-ai-incubator-visited-xi-jinping?utm_source=rss_feed Thu, 01 May 2025 02:00:13 +0000 Coco Feng Coco Feng A number of fast-rising start-ups in China’s artificial intelligence (AI) and robotics sectors vowed to “break foreign technological barriers” and “insist on self-reliance”, following a visit from President Xi Jinping in Shanghai. Their remarks echoed Xi’s message emphasising the importance of technological self-reliance, particularly in AI, during his visit to the Chinese financial capital on Tuesday. It was his first inspection trip since the US imposed sweeping tariffs, which have intensified... https://www.scmp.com/tech/policy/article/3308523/chinese-ai-and-robotics-start-ups-agibot-xtalpi-respond-xis-self-reliance-call?utm_source=rss_feed https://www.scmp.com/tech/policy/article/3308523/chinese-ai-and-robotics-start-ups-agibot-xtalpi-respond-xis-self-reliance-call?utm_source=rss_feed Wed, 30 Apr 2025 10:00:17 +0000 Ann Cao Ann Cao SenseTime, an artificial intelligence (AI) pioneer in China, is set to expand its computing power by up to a triple-digit percentage annually in the next two years, as the company continues its efforts to increase the use of domestic chips amid an intensified tech war. Yang Fan, co-founder of SenseTime and president of the SenseCore business group, the company’s AI infrastructure unit, said the company’s computing power would maintain a “high double-digit to triple-digit” annual growth rate in... https://www.scmp.com/tech/big-tech/article/3306241/sensetime-expand-computing-power-amid-surging-ai-model-demand?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3306241/sensetime-expand-computing-power-amid-surging-ai-model-demand?utm_source=rss_feed Sat, 12 Apr 2025 02:00:12 +0000 Ann Cao Ann Cao SenseTime, an artificial intelligence (AI) pioneer in China, has launched new models that it claims surpass OpenAI products in reasoning capabilities, as it bets on multimodal models to secure its position in the competitive AI landscape. The company on Thursday unveiled SenseNova V6 and V6 Reasoner, new iterations of its self-developed AI model series. V6 outperformed OpenAI’s GPT-4o across several metrics, including fact-checking, numerical reasoning, data analysis and visualisation, according... https://www.scmp.com/tech/big-tech/article/3306164/chinese-ai-firm-sensetime-bets-multimodal-models-stand-out-rivals?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3306164/chinese-ai-firm-sensetime-bets-multimodal-models-stand-out-rivals?utm_source=rss_feed Fri, 11 Apr 2025 10:00:27 +0000 Bloomberg Bloomberg SenseTime Group reported a wider-than-estimated net loss for the full year as the artificial intelligence (AI) tools developer continues to grapple with rising competition in a crowded market. The company reported net loss of 4.3 billion yuan (US$592 million) in 2024, compared with estimate of 4 billion yuan loss. Still, the losses have narrowed from a year earlier as SenseTime slashed staff, marketing and traveling expenses. Revenue grew by about 11 per cent to 3.8 billion yuan — led by sales... https://www.scmp.com/business/article/3304111/sensetimes-2024-net-loss-narrows-even-if-it-misses-analysts-target-amid-ai-competition?utm_source=rss_feed https://www.scmp.com/business/article/3304111/sensetimes-2024-net-loss-narrows-even-if-it-misses-analysts-target-amid-ai-competition?utm_source=rss_feed Thu, 27 Mar 2025 08:47:12 +0000 Ben Jiang Ben Jiang Chinese artificial intelligence (AI) start-up MiniMax has launched a new series of open-source models, intensifying the competition among mainland technology firms to deliver cost-effective AI systems that can rival top offerings from US competitors. The Shanghai-based company on Tuesday unveiled the MiniMax-01 large language model (LLM) family, which includes a general-purpose foundational model, the MiniMax-Text-01, and the multimodal MiniMax-VL-01 with visual capabilities. LLMs are the tech... https://www.scmp.com/tech/big-tech/article/3294900/chinese-ai-start-minimax-releases-low-cost-open-source-models-rival-top-chatbots?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3294900/chinese-ai-start-minimax-releases-low-cost-open-source-models-rival-top-chatbots?utm_source=rss_feed Wed, 15 Jan 2025 23:00:11 +0000 Bloomberg Bloomberg SenseTime Group is reducing its office footprint in Singapore, scaling back once-lofty ambitions at a time it is struggling to compete in the post-ChatGPT era. The Chinese artificial intelligence (AI) pioneer is moving from a prime downtown location to a smaller office in a less expensive neighbourhood, people familiar with the matter said. The company is giving up a roughly 11,000 square foot (1,022 square metre) space in Frasers Tower for a less central building, the people said, asking to... https://www.scmp.com/tech/tech-trends/article/3293248/chinese-ai-firm-sensetime-downsizes-singapore-office-amid-post-chatgpt-competition?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3293248/chinese-ai-firm-sensetime-downsizes-singapore-office-amid-post-chatgpt-competition?utm_source=rss_feed Fri, 03 Jan 2025 04:34:47 +0000 Ben Jiang Ben Jiang SenseTime, one of China’s leading pioneers in facial recognition, has unveiled a sweeping restructuring plan to centre its business around generative artificial intelligence (GenAI), seen as key for the company to stay relevant in a rapidly developing field. The Hong Kong-listed firm is adopting a “1 plus X” structure, whereby “1” represents the company’s core operation of building AI models and cloud technology, while “X” refers to industry solutions for the car, healthcare, robotics and retail... https://www.scmp.com/tech/big-tech/article/3289293/chinese-facial-recognition-pioneer-sensetime-pivots-genai-business-revamp?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3289293/chinese-facial-recognition-pioneer-sensetime-pivots-genai-business-revamp?utm_source=rss_feed Wed, 04 Dec 2024 07:30:08 +0000 Mia Castagnone Mia Castagnone Hong Kong’s government outlined its first guidelines on the “responsible” use of artificial intelligence (AI) and embraced blockchain, as regulators strive to get ahead of the technological revolution that will almost certainly disrupt financial services. “Blockchain and AI are the two fields of innovation in fintech”, Financial Secretary Paul Chan Mo-po said during the opening of the FinTech Week. “Hong Kong’s financial market is open and prudent towards the application of AI, [so] we will... https://www.scmp.com/business/banking-finance/article/3284120/hong-kong-unveils-rules-responsible-ai-use-it-gets-ahead-disruptive-technology?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3284120/hong-kong-unveils-rules-responsible-ai-use-it-gets-ahead-disruptive-technology?utm_source=rss_feed Mon, 28 Oct 2024 05:42:09 +0000 Matt Haldane Matt Haldane Chinese artificial intelligence (AI) company SenseTime celebrated its 10th anniversary on Thursday at its first annual Global AI Summit since the death of co-founder Tang Xiao’ou, with CEO Xu Li highlighting the firm’s chip-agnostic approach as an advantage in the coming years amid an influx of new industry challengers. “We actually adapt our AI algorithms to more than 50 chipsets, so that’s why our [infrastructure] has a strong [operating system] layer, which is transparent to our users,” Xu... https://www.scmp.com/tech/big-tech/article/3282795/sensetime-10-years-still-has-advantages-chinese-ai-challenges-mount-ceo-says?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3282795/sensetime-10-years-still-has-advantages-chinese-ai-challenges-mount-ceo-says?utm_source=rss_feed Thu, 17 Oct 2024 13:00:12 +0000 Matt Haldane Matt Haldane Artificial intelligence is expected to outshine Web3 at this year’s FinTech Week, which kicks off at the end of the month, as organisers InvestHK and Finoverse tease a slate of mainland Chinese exhibitors looking to ride the generative AI wave. “[There is] a huge increase in mainland Chinese companies’ representation at this year’s event … [and a] big, big focus on AI and advanced technologies,” said Anthony Sar, founder and CEO of Finoverse. “AI, especially driven a lot by China tech, is one of... https://www.scmp.com/tech/blockchain/article/3280680/ai-replaces-web3-hot-key-word-hong-kongs-fintech-week?utm_source=rss_feed https://www.scmp.com/tech/blockchain/article/3280680/ai-replaces-web3-hot-key-word-hong-kongs-fintech-week?utm_source=rss_feed Wed, 02 Oct 2024 00:00:22 +0000 Xinmei Shen Xinmei Shen Chinese artificial intelligence giant SenseTime has seen revenue jump more than 20 per cent this year on the back of strong growth from its generative AI (GenAI) business, as the decade-old pioneer in the domestic industry strives to turn a profit. SenseTime revenue for the first half of the year increased 21.4 per cent year on year to 1.74 billion yuan (US$244.3 million), the company said in financial results published on Tuesday. Half-year revenue from its GenAI business – including AI data... https://www.scmp.com/tech/big-tech/article/3276215/sensetimes-generative-ai-growth-pushes-revenue-21-first-half?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3276215/sensetimes-generative-ai-growth-pushes-revenue-21-first-half?utm_source=rss_feed Wed, 28 Aug 2024 07:00:16 +0000 TikTok owner ByteDance, e-commerce giant Alibaba Group Holding and artificial intelligence (AI) specialist SenseTime are the top generative AI (GenAI) infrastructure services providers in China, according to market research firm IDC. The three companies combined had a more than 50 per cent share of the market in the second half of 2023, according to a report on Tuesday by IDC, without offering each firm’s exact share. Alibaba owns the South China Morning Post. They lease software, computing... https://www.scmp.com/tech/big-tech/article/3269939/bytedance-alibaba-sensetime-lead-generative-ai-infrastructure-services-market-china?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3269939/bytedance-alibaba-sensetime-lead-generative-ai-infrastructure-services-market-china?utm_source=rss_feed Wed, 10 Jul 2024 10:00:22 +0000 Ann Cao,Ben Jiang Ann Cao,Ben Jiang Chinese large language model (LLM) developers from SenseTime and Alibaba Group Holding have rushed to declare fresh progress in developing their artificial intelligence (AI) technology at the country’s largest annual industry conference, in sign of deepening competition in the country’s largely closed-off market. At the World Artificial Intelligence Conference (WAIC) in Shanghai, Chinese AI champion SenseTime on Friday released a series of updated versions of its SenseNova LLMs, including... https://www.scmp.com/tech/big-tech/article/3269387/chinas-ai-competition-deepens-sensetime-alibaba-claim-progress-ai-show?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3269387/chinas-ai-competition-deepens-sensetime-alibaba-claim-progress-ai-show?utm_source=rss_feed Fri, 05 Jul 2024 23:00:08 +0000 Zhou Bowen, an artificial intelligence (AI) scientist formerly with US tech giant IBM and Chinese e-commerce platform operator JD.com, has become the new head of the Shanghai AI Laboratory after the death of its first director Tang Xiao’ou, a leading expert on facial recognition and co-founder of SenseTime Group. Zhou, 47, made his public debut as director of the Shanghai AI Lab on Thursday at the World Artificial Intelligence Conference (WAIC), China’s largest AI event featuring prominent... https://www.scmp.com/tech/tech-trends/article/3269319/former-ibm-scientist-helms-shanghai-ai-lab-after-death-sensetimes-tang-xiaoou?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3269319/former-ibm-scientist-helms-shanghai-ai-lab-after-death-sensetimes-tang-xiaoou?utm_source=rss_feed Fri, 05 Jul 2024 11:00:12 +0000 China this month approved 104 new video games from mainland developers, including titles from internet giants Tencent Holdings and Alibaba Group Holding. The latest titles given the go-ahead by the National Press and Publication Administration (NPPA) included Tencent’s online role-playing game Roco Kingdom: World, and Ruyuan from Alibaba studio Lingxi Games, according to a post on the regulator’s website on Tuesday. Alibaba owns the South China Morning Post. This month marked a rebound for... https://www.scmp.com/tech/big-tech/article/3268024/tencents-roco-kingdom-world-among-104-new-video-games-approved-beijing-june?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3268024/tencents-roco-kingdom-world-among-104-new-video-games-approved-beijing-june?utm_source=rss_feed Wed, 26 Jun 2024 00:00:17 +0000 Jiaxing Li Jiaxing Li Sensetime, one of China’s leading artificial intelligence (AI) companies, is seeking to raise HK$2 billion (US$260 million) from a stock placement at a discount to the market price to help finance growth. The stock hit a seven-week low amid concerns about potential earnings dilution before rebounding to close 3 per cent higher. The company plans to issue 1.67 billion new shares at HK$1.20 each, or 9.1 per cent below its last-traded price the previous day, according to a stock exchange filing on... https://www.scmp.com/business/markets/article/3267444/chinas-sensetime-slides-7-week-lows-after-plan-place-shares-discount?utm_source=rss_feed https://www.scmp.com/business/markets/article/3267444/chinas-sensetime-slides-7-week-lows-after-plan-place-shares-discount?utm_source=rss_feed Fri, 21 Jun 2024 02:19:32 +0000 SenseTime, one of China’s artificial intelligence (AI) pioneers, is aiming for profitability within the next two years as revenue from its generative AI business tripled last year, and is expected to become the company’s new profit engine, according to CEO and co-founder Xu Li. Hong Kong-listed SenseTime reported revenue of 1.184 billion yuan (US$163.4 million) from its generative AI-related business for 2023, marking a 199.9 per cent year-on-year increase, according to its latest annual... https://www.scmp.com/tech/big-tech/article/3264498/sensetime-ceo-says-generative-ai-will-help-firm-turn-profit-within-two-years?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3264498/sensetime-ceo-says-generative-ai-will-help-firm-turn-profit-within-two-years?utm_source=rss_feed Wed, 29 May 2024 04:10:07 +0000 Chinese artificial intelligence (AI) giant SenseTime Group halted trading of its stock in Hong Kong after its share price surged more than 30 per cent on Wednesday morning, following the launch of its updated SenseNova large language model (LLM) that the firm claims to be on par with OpenAI’s GPT-4 Turbo model. SenseTime, which has its global headquarters at the Hong Kong Science Park, suspended trading at 11:15am on Wednesday – pending “the release of an announcement which may constitute inside... https://www.scmp.com/tech/tech-trends/article/3260203/chinese-ai-giant-sensetime-suspends-trading-shares-surge-more-30-after-launch-updated-large-language?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3260203/chinese-ai-giant-sensetime-suspends-trading-shares-surge-more-30-after-launch-updated-large-language?utm_source=rss_feed Wed, 24 Apr 2024 10:30:17 +0000 A group of artificial intelligence (AI) start-ups are emerging as China’s best hopes for reaching the frontier of ChatGPT-like technology, as they draw increasing attention from users and investors. Among them, Baichuan is the latest to complete a new round of fundraising. While the start-up told the Post on Thursday that there had been some “discrepancies” in local reporting about the amount raised, several outlets estimated Baichuan’s latest valuation to be at about US$1.8 billion. That puts... https://www.scmp.com/tech/big-tech/article/3259499/chinas-four-new-ai-tigers-baichuan-zhipu-ai-moonshot-ai-and-minimax-emerge-investor-favourites?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3259499/chinas-four-new-ai-tigers-baichuan-zhipu-ai-moonshot-ai-and-minimax-emerge-investor-favourites?utm_source=rss_feed Fri, 19 Apr 2024 00:00:28 +0000