FB pixel

New LLM version boosts SenseTime stock to fraction of former price

New LLM version boosts SenseTime stock to fraction of former price
 

Trading in SenseTime stock on the Hong Kong exchange was paused on Wednesday following a 30 percent surge sparked by the release of a new version of the facial recognition developer’s large language model.

The pause was likely triggered by an automatic “cooling off” period for spiking stocks, but an investment manager told Nikkei that SenseTime may have voluntarily halted trading until it can release clarification about the new version of SenseNova. It closed at 0.80 Hong Kong dollars (US$0.10) on Wednesday.

The surge in stock price brought SenseTime to 20 percent of its peak market capitalization a year ago, when SenseNova was first released.

Related Posts

Article Topics

 |   |   |   |   |   | 

Latest Biometrics News

 

New FaceTec CLO among avalanche of appointments in biometrics and fraud protection

New executives have been named by biometrics providers FaceTec, Pindrop and Fingerprint Cards, along with C-level appointments by Prove and…

 

Indonesia issues call for World Bank-backed digital identification project

Indonesia is looking for a company providing consulting services as a part of its upcoming digital transformation project backed by…

 

Affinidi data sharing framework leverages privacy-preserving open standards

Affinidi, a company specializing in data and identity management, unveiled the Affinidi Iota framework at the WeAreDevelopers World Congress. This…

 

Sri Lanka set for January biometric passport launch, plans airport upgrades

Sri Lanka is preparing to begin issuing biometric passports with electronic chips embedded as of January, 2025, according to a…

 

Vending machines with biometric age verification roll out in Germany, US

Vending machines are growing in popularity as a way to sell age-restricted products around the world, with Diebold Nixdorf algorithms…

 

San Francisco police hit with lawsuit over facial recognition use

In 2019, San Francisco became the first city in the U.S. to ban facial recognition technology, forcing the police and…

Comments

Leave a Reply

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

Most Read This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events