SenseTime Halted Trading on HKEX, Following a 31.15% Surge in Stock Price

On Wednesday, Chinese AI software company SenseTime halted trading on the Hong Kong Stock Exchange following a remarkable 31.15% surge in its stock price to 0.8 Hong Kong dollars, with a trading volume of 1.261 billion Hong Kong dollars.

On Tuesday, SenseTime unveiled its latest innovation, the SenseNova 5.0 large model, featuring a cutting-edge MOE hybrid expert architecture. This model was trained on over 10TB tokens and a wealth of synthetic data, boasting an impressive inference context window of 200K. The company claims that its capabilities in knowledge, reasoning, mathematics, and coding can match or even surpass those of GPT-4.

In its recently released 2023 performance report, SenseTime revealed significant growth, with a total revenue of 3.406 billion yuan as of December 31, 2023. The core business generative AI revenue soared by 200% to reach 1.184 billion yuan, constituting 35% of the total revenue. The advancements in SenseTime’s “SenseNova” large model have positioned it at the forefront domestically, with capabilities including training large models with thousands of cards and participants, leading in base models, multimodal features, programming, tool invocation, lossless context processing of millions of words, and small terminal models.

Responding to the trading halt on the Hong Kong Stock Exchange, SenseTime stated that the launch of the SenseNova 5.0 large model received widespread acclaim and significant market attention. The company will issue further relevant announcements in accordance with listing rules and the recommendations of the Hong Kong Stock Exchange.

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