Sensetime’s logo is seen during the China International Radio and Television Information Network Exhibition 2021 at the China International Exhibition Center on May 29, 2021 in Beijing, China.
Visual China Group |
share SenseTime Technology Group Shares surged more than 30% on Wednesday after the Chinese artificial intelligence giant announced its latest generative artificial intelligence model, SenseNova 5.0.
The company’s stock price reached 82 Hong Kong cents per share, an increase of 34.42% from the previous closing price of 61 Hong Kong cents.
SenseNova 5.0’s major advancements focus on cognitive, math, reasoning and coding capabilities, Sensetime said in a press release.
“With the same knowledge input, it can provide better understanding, summarization and questioning, providing strong support for vertical applications such as education and content industries,” the company said in a press release.
Chairman Xu Li noted that in most common usage scenarios, SenseNova outperforms OpenAI’s GPT 4, especially in Chinese usage scenarios.
SenseTime is one of the few Chinese companies developing a competitor to OpenAI’s ChatGPT. ChatGPT is a viral chatbot that has taken the world by storm for its ability to answer questions like a human.
Other tech giants viz alibaba And Baidu Both companies are developing their own generative AI platforms, called Uniform and Ernie Bot, respectively.
Tags: Sensetimes stock price surged unveiling latest generative artificial intelligence model
