Generative AI

SenseTime shares soar after announcing SenseNova 5.0 generative AI model

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A logo of SenseTime is seen during 2021 China Content Broadcasting Network Exhibition at China International Exhibition Center on May 29, 2021 in Beijing, China.

Visual China Group | Getty Images

Shares of SenseTime Group surged more than 30% on Wednesday, after the Chinese AI giant announced its latest generative artificial intelligence model, called SenseNova 5.0.

The company’s shares traded as high as 82 Hong Kong cents a share, or 34.42% higher than its previous close of 61 cents.



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