Lates News

Goldman Sachs released a research report stating that the latest news from SenseTime shows that they have obtained new orders for generative AI projects from enterprise (ToB) and government (ToG) customers in fields such as education, healthcare, media, finance, and transportation. The bank expects future projects to accelerate growth mainly due to increased cloud capital expenditure in the mainland and favorable policies such as the AI+ action plan announced in August. The bank believes that SenseTime can provide a full set of solutions for different customer needs, covering computing power, large-scale AI infrastructure, AI basic models, and generative AI applications; and predicts that the company will continue to focus on large projects in the next few years to ensure higher efficiency and increased revenue. The bank raised its target price from HK$3.09 to HK$3.53, maintaining a "buy" rating.