SenseTime Group rose its most in two months after speculation spread among investors that China’s most valuable specialist AI company was preparing to launch a challenger to the artificial intelligence phenomenon ChatGPT. Moneyweb AI
SenseTime Group rose its most in two months after speculation spread among investors that China’s most valuable specialist AI company was preparing to launch a challenger to artificial intelligence phenomenon ChatGPT. Shares spiked 13% on Tuesday after talk spread on social media that the SoftBank Group Corp.-backed firm would unveil a large-scale AI model in coming days, joining the hordes of software companies now seeking to compete with OpenAI’s creation.
They sent out the invitation today.” SenseTime has trained text-to-image large generative models and has a pretrained large-language model in the works for mid-2023, it said in its annual earnings statement in late March. But the company, which is also backed by Alibaba Group Holding, may have trouble getting the high-end technology it needs to develop large-scale AI models over the longer term.