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<\/a><\/p>\nHONG KONG (Reuters) -Shares of Chinese artificial intelligence (AI) company SenseTime surged as much as 11% on Tuesday, a day after it unveiled a series of new AI-powered products as it joins a global race to dominate the sector.<\/p>\n
China’s Alibaba Group Holdings and Japan’s Softbank Group Corp are both invested in the Chinese AI company.<\/p>\n
SenseTime’s shares rose to as high HK$3.70, up 11.1% from its previous close but below its initial public offering price of HK$3.85 in December 2021. Alibaba’s shares rose as much as 3.8%, while Softbank climbed 0.5%.<\/p>\n
On Monday, SenseTime CEO and co-founder Xu Li showed a live demonstration of the chatbot they called “SenseChat” writing an email and telling a story about a cat catching a fish when prompted by questions, as well as scripting computer codes.<\/p>\n
The products were based off the latest version of the company’s SenseNova big model, which they have been developing over the past five years, SenseTime’s other co-founder Wang Xiaogang said. Big models are typically trained on massive datasets using powerful hardware.<\/p>\n
In addition to SenseChat, the company also showcased an image generator, a digital avatar creation platform and a pair of complementary 3D modeling tools at the event.<\/p>\n
(Reporting By Donny Kwok; Editing by Anne Marie Roantree, Kim Coghill and Varun H K)<\/p>\n
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