By Greg Gao

(JW Insights) Apr 11 -- Chinese leading AI firm SenseTime(商汤科技) hosted a Tech Day event in Shanghai and unveiled its foundation model set SenseNova and ChatGPT rival named SenseChat on April 10.

The company shared its strategic plan for advancing AGI (Artificial General Intelligence) development through the combination of “foundation models + large-scale computing” systems. Under this strategy, SenseTime has introduced a variety of foundation models and capabilities in natural language processing, content generation, automated data annotation, and custom model training based on its SenseNova foundation model set.

At the event, SenseTime not only showcased their large language model’s capabilities, but also demonstrated a series of generative AI models and applications, such as text-to-image creation, 2D/3D digital human generation, and complex scenario/detailed object generation.

It also introduced its AGI research and development platform facilitated by the integration of “foundation models + large-scale computing” systems. Xu Li, Chairman and CEO of SenseTime, said, “In the era of AGI, the three elements of data, algorithms, and computing power are undergoing a new evolution. The number of model parameters will increase exponentially, and the volume of data will grow massively with the introduction of multimodalities, leading to a continuous surge in demand for computing power. We have built the infrastructure for the AGI era with SenseCore and named our foundation model set as 'SenseNova', implying 'constant renewal, daily renewal, and further renewal'. We hope to continuously update the models’ iteration speed and their problem-solving capabilities, unlocking more possibilities for AGI.”

Wang Xiaogang, SenseTime Co-founder and Chief Scientist, said, “SenseNova offers various flexible API interfaces and services for enterprise customers, enabling them to access and utilize various AI capabilities of the SenseNova foundation models to their actual needs, with low barriers, low costs, and high efficiency.”

Shares of SenseTime surged as much as 11% on April 11, a day after it unveiled a series of new AI-powered products as it joins a global race to dominate the sector, according to media reports.

Founded in 2014 and based in Shanghai, SenseTime is a leading AI software company. It is committed to advancing the state of the art in AI research, developing scalable and affordable AI software platforms.

SenseTime was successfully listed on the Main Board of the Stock Exchange of Hong Kong in December 2021, which was one of the most highly anticipated debuts of 2021.