SenseTime 2024 Performance Report: Generative AI achieves triple-digit growth for three consecutive years

On March 26, SenseTime Group released its full-year results for 2024. Last year, SenseTime Group's total revenue increased by 10.8% year-on-year to RMB 3.77 billion. Among them, the revenue of generative AI business exceeded RMB 2.4 billion, a significant year-on-year increase of 103.1%, accounting for 63.7% of the total revenue, becoming the group's largest business segment. SenseTime Group has achieved the joint optimization of AI infrastructure systems and model algorithms with its "big device-big model-application" trinity strategy.