SenseTime Group, a Hong Kong-based AI company listed on the stock exchange, has announced a restructuring to focus on genAI.

This shift comes after a downturn in its traditional AI businesses.

In a recent filing to the Hong Kong Stock Exchange, SenseTime outlined its plans to emphasize genAI as a primary area for growth and profitability.

The restructuring created business divisions for smart automotive, robotics, healthcare, and retail, each with its own leaders.

Founded over ten years ago, SenseTime still faces challenges in achieving profitability.

Recent SenseTime developments