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Published • China • Updated

SenseTime reports wider loss in 2024 despite growth in AI segment · TechNode

Summary by TechNode
Chinese AI unicorn SenseTime reported a net loss of RMB 4.3 billion ($592 million) for the full year of 2024, exceeding analysts’ estimates of a RMB 4 billion ($551 million) loss. However, the company reduced its losses compared to the previous year by cutting costs, including staffing, marketing, and travel expenditures. Revenue for the year rose by 11%, reaching RMB 3.8 billion ($523 million), driven primarily by strong performance in its gene…

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TechNodeTechNode
Center

SenseTime reports wider loss in 2024 despite growth in AI segment · TechNode

Chinese AI unicorn SenseTime reported a net loss of RMB 4.3 billion ($592 million) for the full year of 2024, exceeding analysts’ estimates of a RMB 4 billion ($551 million) loss. However, the company reduced its losses compared to the previous year by cutting costs, including staffing, marketing, and travel expenditures. Revenue for the year rose by 11%, reaching RMB 3.8 billion ($523 million), driven primarily by strong performance in its gene…

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South China Morning PostSouth China Morning Post
Center

SenseTime’s 2024 loss narrows even as it misses analysts’ forecasts

The company reported net loss of 4.3 billion yuan (US$592 million) in 2024, compared with estimate of 4 billion yuan loss.

·Hong Kong
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The StandardThe Standard
Lean Left

AI helps SenseTime cut loss to 4.3b yuan

SenseTime (0020) trimmed its net loss by 33.6 percent to 4.3 billion yuan (HK$4.6 billion) last year amid the rapid development of generative artificial intelligence. Revenue grew by 10.8 percent to 3.8 billion yuan as the demand for generative AI model training, fine-tuning and inference...

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BloombergBloomberg
Lean Left

SenseTime Loss Worse Than Expected as AI Race Heats Up

China’s SenseTime Group Inc. reported a wider-than-estimated net loss for the full year as the AI tools developer continues to grapple with rising competition in a crowded market.

·United States
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BizTocBizToc

Chinese AI startup SenseTime reports FY 2024 revenue up 11% YoY to ~$524M, below ~$620M est., and a ~$592M net loss, above ~$551M est., as the AI race heats up

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Bloomberg broke the news in United States on Wednesday, March 26, 2025.
Sources are mostly out of Hong Kong (1)

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