Sensetime Group says it restructured to better respond to 'AI 2.0 era'

SenseTime

04/12/2024 24:15

BEIJING, Dec 4 (Reuters) - Sensetime Group Inc  0020.HK 
said on Tuesday it had completed a strategic organisational
restructuring to "better respond to the opportunities and
challenges of the AI 2.0 era," in a filing to the Hong Kong
Stock Exchange. 
    The company had established a new "1+X structure", it said,
with the 'X' focussing on AI applications in areas such as smart
retail and smart healthcare, and the '1' representing the
group's core business, large-scale AI models and applications. 

 (Reporting by Joe Cash; Editing by Himani Sarkar)
 ((Joe.Cash@thomsonreuters.com;))