Understanding the Market | SenseTime-W surged over 7%, doubling its stock price in the previous 5 days, as Generative AI Acceleration Technology applications are being implemented
Sensetime-W surged more than 7%, with its stock price soaring nearly 47% last Friday and doubling within the week. As of the time of writing, it rose by 7.56% to HKD 1.28, with a turnover of HKD 18.61 billion. On the news front, on April 23, the company held its 2024 Technology Exchange Day, unveiling the 600 billion parameter large model "RiRiXin 5.0", which significantly enhances knowledge, mathematics, reasoning, and coding capabilities, comprehensively benchmarking against GPT-4Turbo. Guotou Securities pointed out that generative AI is gradually transitioning from technology to application landing, driving the growth of commercial order demand. Based on its technical capabilities and customer reputation, the company is expected to gain a certain market share and boost performance. In addition, Sensetime's integrated perception and decision-making large model UniAD made its debut at the Beijing Auto Show. It is the industry's first end-to-end model that integrates perception, decision-making, planning, and other modules into a full-stack Transformer, achieving integrated perception and decision-making without the need for abstracting and passing perception data step by step. At the Beijing Auto Show, Sensetime also unveiled its more powerful next-generation autonomous driving technology DriveAGI
According to the Zhitong Finance and Economics APP, SenseTime-W (00020) surged more than 7%. Last Friday, the stock price continued to soar, closing up nearly 47%, doubling in price during the week. As of the time of writing, it rose by 7.56% to HKD 1.28, with a turnover of HKD 18.61 billion.
On the news front, on April 23, the company held its 2024 Technology Exchange Day, unveiling the 600 billion parameter large model "RiRiXin 5.0", which significantly improves knowledge, mathematics, reasoning, and coding capabilities, comprehensively benchmarking GPT-4Turbo. Guotou Securities pointed out that generative AI is gradually moving from technology to application landing, driving the growth of commercial order demand. Based on its technical capabilities and customer reputation, the company is expected to gain a certain market share and boost performance.
In addition, SenseTime's perception-decision integrated large model UniAD made its debut at the Beijing Auto Show. It is the industry's first end-to-end model that integrates perception, decision-making, planning, and other modules into a full-stack Transformer, achieving integrated perception and decision-making without the need for abstracting and cascading perception data. At the Beijing Auto Show, SenseTime also unveiled its more powerful next-generation autonomous driving technology, DriveAGI