SenseTime adjusts its business structure and bets on generative AI

SenseTime strategically reorganized its business structure in 2023 and identified three new business segments: generative AI, traditional AI, and smart cars. The company gradually shifted its business focus to the generative AI field, and the business revenue in this field achieved a year-on-year growth of 199% in 2023, reaching 1.184 billion yuan, accounting for 34.8% of the company's total revenue.