from virtual reality to generative ai: sensetime’s transformation path

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since 2018, sensetime has invested heavily in research and development, and its r&d expenses have continued to rise, reflecting its confidence in future development. however, the commercialization progress has not been as expected, the number of employees has also decreased accordingly, and the market's confidence in it has also been tested.

the concept of "metaverse" once brought infinite imagination to sensetime. it seemed like an illusion of the future world, immersing the entire industry in the charm of virtual reality. however, in 2022, with the emergence of openai, the concept of the metaverse gradually faded, and generative ai, as its new core, began to dominate. sensetime realized that the time had come and integrated its original four major business segments into three major segments: generative ai, traditional ai, and smart cars.

this is not a simple transformation, but a profound change. sensetime not only made adjustments at the business level, but more importantly, it also made a series of efforts at the technical level. they built their own computing power, created the sensecore ai device, and established the aidc intelligent computing center to provide solutions for thousands of industries, becoming the first manufacturer in china to release a large model with more than 100 billion parameters.

sensetime’s success is inseparable from its years of layout in underlying computing power. not only do they have powerful computing capabilities, but more importantly, they have a deep understanding and knowledge of the field of artificial intelligence and apply it to actual business scenarios.

however, as can be seen from sensetime’s transformation path, development cannot be achieved overnight. it requires continuous exploration, adaptation to changes, and overcoming challenges. the explosion of generative ai has brought huge returns to sensetime, but continued losses still plague the market's confidence in sensetime.

this may also mean that sensetime’s future will be more exciting, full of challenges and opportunities. they will continue to work hard to provide users with more advanced technical solutions and make greater contributions to the development of the industry.