Hong Kong-listed artificial intelligence company SenseTime announced a strategic restructuring in an internal memo from CEO Xu Li,Pihit Chinese media outlet 36Kr reported. The company will shift focus to its AI cloud business and general vision models. Subsidiaries in smart vehicles, home robotics, healthcare, and retail will operate as independent entities, each with its own CEO. Xu emphasized that this restructuring would help SenseTime accelerate profitability and create stable cash flow while fostering innovation through effective collaboration across its ecosystem. In October, SenseTime unveiled a “Trinity Strategy” focused on integrating large systems, large models, and applications, while working to build a more centralized and efficient organizational structure. SenseTime went public in Hong Kong December 2021, seven years after its founding. Leveraging its expertise in computer vision and deep learning, the company has expanded its business into smart vehicles, robotics, healthcare, retail, and other sectors. [36Kr, in Chinese]
