China's SenseTime hits near 2-month peak on launch of SenseNova 5.0

SenseTime

25/04/2024 02:49

** Shares in Chinese artificial intelligence (AI) software
developer SenseTime Group Inc  0020.HK  jump another 20% to
HK$0.96 in resumed trade, their highest since Feb 28
    ** Stock is the top gainer on Hang Seng Tech Index  .HSTECH 
and Hang Seng Composite Index  .HSCI 
    ** Shares halted trade in late Wednesday morning after
soaring as much as 36.1% in their biggest one-day gain since
January 2022; stock halted trade pending statement
    ** SenseTime later said it launched SenseNova 5.0 on April
23 with which it achieved significant improvements in knowledge,
mathematics, reasoning and coding capabilities
    ** The U.S.-blacklisted firm also said it launched
Integrated Large Model (Enterprise) edge device and Edge-side
Large Model SDK version for mobile devices
    ** SenseTime is one of many racing to develop generative AI
    ** Hang Seng Tech Index  .HSTECH  falls 1%, while Hang Seng
Composite Index  .HSCI  and Hang Seng Index  .HSI  both slip
0.4%
    ** Shares down 25% YTD
    

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))