SenseTime CEO expects Hong Kong-listed firm to turn a profit in 2 years with generative AI business

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Hong Kong-listed SenseTime is aiming for profitability within the next two years, the company’s CEO and co-founder Xu Li said in an interview with the Post on May 28, 2024. As one of China’s artificial intelligence (AI) pioneers, SenseTime is aiming for 100 per cent growth of its generative AI business, which is expected to become the company’s new profit engine in 2024. Xu pointed out that many tech start-ups undergo an extended period of losses as they invest heavily in research and development.
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