SenseTime Technology's senior management changes, AI chip business becomes the focus

SenseTime recently announced that its co-founder Xu Bing will be in charge of the AI ​​chip business, which has attracted the attention of the industry. Previously, Xu Bing was considered the "God of Wealth" of SenseTime, driving the company's multiple rounds of financing and listing. However, with the fluctuations in SenseTime's market value and performance losses, the company began to divest multiple businesses, and the AI ​​chip business was also pushed to the forefront. Although the business is still in a loss-making state, SenseTime believes that it is of strategic significance and is expected to create value in the future.