FB pixel

SenseTime demos its large-language model, stock jumps

SenseTime demos its large-language model, stock jumps
 

The large-language model boom, and, almost certainly, bubble, has begun.

China-based SenseTime, still fitful under United States sanctions, is riding a global wave of attention in the aftermath of its generative-AI announcements Monday. SenseTime claims to be one of the rare firms to have created chatbots and other automated algorithms.

Executives are working toward artificial general intelligence, a journey that some in IT feel is fraught with existential hazard.

SenseTime‘s new products are based on its SenseNova large language model. Company executives call their chatbot SenseChat.

The software company, best known for facial recognition and other machine vision products, last week telegraphed its announcements, giving share prices a gradual lift and then a meteoric trajectory. SenseTime stock went from trading around $2.65 at the end of March to above $3.30 on Thursday.

SenseTime also released an image generation product and other real-time AI applications.

According to the Reuters news agency, the company’s CEO, Xu Li, has held a live demonstration during which SenseChat reportedly scripted code, composed an email and told a story that was prompted by questions.

SenseTime is not the first player here, obviously. U.S.-based OpenAI’s ChatGPT-4 has sparked the public’s imagination. And Baidu, also based in China, has a lesser-known model, called Ernie Bot, that was demonstrated in March.

Xu was quoted by the South China Morning Post saying business-to-business firms in China are going to adopt AI “fast,” followed by businesses selling to consumers. Baidu is owned by Alibaba, which also owns the Morning Post.

Some feel an AI could evolve exponentially and threaten human life before it can be shut off. Others have noted that already, the code has acted in ways that threaten individual privacy and copyrights.

Article Topics

 |   |   |   |   | 

Latest Biometrics News

 

Biometrics providers navigate the emerging details of digital wallet ecosystem

If reusable ID backed by biometrics is on the cusp of mainstream adoption, it is via digital identity wallets. Most…

 

Leadership teams strengthened at Thales Identity & Biometrics, Incode, ID.me, iDen2

Digital identity leaders and startups have announced executive additions strengthening  marketing, product, sales and design. A former biometrics executive is…

 

Madagascar considers bids for €8.5M digital ID contract

Madagascar is reportedly in the final stages of selecting a biometrics supplier for a project to modernize the country’s civil…

 

Fraud rings exploit federal weaknesses as Washington falls behind

A new report from identity verification company Socure provides a grim but necessary wake-up call to the federal government: sophisticated…

 

Verifiable Credentials 2.0 now a W3C Standard

The World Wide Web Consortium (W3C) Verifiable Credentials Working Group has published seven W3C Recommendations, including Verifiable Credentials Data Model…

 

Veriff opens technology hub in São Paulo, Brazil

Veriff has expanded into Latin America with the opening of its Veriff Americas headquarters in São Paulo, Brazil. The Estonia-headquartered…

Comments

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Biometric Market Analysis

Most Viewed This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events