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All articles tagged with #sensetime

Market Movers: Illumina's Divestment and Stock Surges
finance2 years ago

Market Movers: Illumina's Divestment and Stock Surges

U.S. stock futures edge higher as investors anticipate potential Federal Reserve interest rate cuts next year. Gene-sequencing group Illumina plans to divest blood cancer-test seller Grail to appease antitrust regulators. Shares in China's SenseTime slip after the death of its founder. Gold prices rise due to the Fed's dovish outlook. Oil prices are volatile as traders consider Russian export reductions, attacks on commercial vessels, weak business morale data from Germany, and a forecast from Goldman Sachs.

via Investing.com|
#federal-reserve#finance#illumina
Asia Markets Await Bank of Japan Policy Meet and China LPR Focus
finance2 years ago

Asia Markets Await Bank of Japan Policy Meet and China LPR Focus

Asia-Pacific markets dipped at the start of the week after last week's rally following the US Federal Reserve's decision to hold rates. The Bank of Japan is expected to maintain its major policy settings, while China will release its loan prime rates. New Zealand's services sector recorded an expansion in November, but questions remain about its sustainability. Shares of SenseTime plunged after the death of its founder. Jefferies named its top global stocks for 2024, while UBS identified the "most crowded short" across all sectors. New York Federal Reserve President John Williams pushed back on market assumptions of rate cuts, and oil prices settled lower but rose slightly for the week. Stocks could see volatile trading as the S&P 500 and Nasdaq-100 rebalance their indexes, and Boeing is on track for its longest weekly winning streak since 2005.

via CNBC|
#asia-markets#bank-of-japan#china-lpr
SenseTime Founder Tang Xiao'ou Dies at 55, Leaving China's AI Giant in Mourning
technology2 years ago

SenseTime Founder Tang Xiao'ou Dies at 55, Leaving China's AI Giant in Mourning

Tang Xiao'ou, the billionaire founder of China's AI giant SenseTime, has passed away at the age of 55 due to undisclosed "health issues." SenseTime, once the world's most valuable AI startup, has recently faced accusations of artificially inflating its revenue. The company develops AI technologies such as facial recognition and object detection. Tang's death comes amidst a decline in SenseTime's stock following the allegations made by US-based short-seller Grizzly Research. At the time of his death, Tang had a net worth of $1.1 billion, solely from his shares in SenseTime.

via Business Insider|
#ai#china#grizzly-research
China Approves Baidu and Others to Launch AI Bots, Tech Shares Soar
technology2 years ago

China Approves Baidu and Others to Launch AI Bots, Tech Shares Soar

Four Chinese tech companies, including Baidu and SenseTime, have launched their AI chatbots to the public after receiving government approval, as China aims to expand the use of such products in competition with the United States. Baidu's chatbot, Ernie Bot, and SenseTime's chatbot, SenseChat, are now fully accessible to users. Two other AI startups, Baichuan Intelligent Technology and Zhipu AI, have also announced similar public launches. The government's move to greenlight AI products is expected to spark consolidation in the industry, with only companies possessing data and tech capabilities being able to thrive.

via Reuters|
#ai-chatbots#baidu#china
SenseTime's AI products and chatbot challenge ChatGPT.
technology2 years ago

SenseTime's AI products and chatbot challenge ChatGPT.

SenseTime, one of China's largest AI firms, unveiled a range of new AI-powered products, including a chatbot and image generator, based on the latest version of its SenseNova big model. The products were showcased at an event and are meant to work together to help clients quickly create video content generated by AI in real-time. SenseTime's chatbot, called SenseChat, demonstrated its ability to write an email and tell a story about a cat catching a fish when prompted by questions. The company has been developing its big models for the past five years and has been sanctioned by the US.

via Reuters|
#ai#big-models#chatbot