SenseTime Soars on Speculation; It Will Create AI Rival to ChatGPT
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SenseTime Group Inc. rose its most in two months after speculation spread among investors that China's most valuable specialist AI company was preparing to launch a challenger to artificial intelligence phenomenon ChatGPT.Shares spiked 13% on Tuesday after talk spread on social media that the SoftBank Group Corp.-backed firm would unveil a large-scale AI model in coming days, joining the hordes of software companies now seeking to compete with OpenAI's creation. A SenseTime representative confirmed the company will soon send out invitations to a media event, without further details. Shanghai-based SenseTime, best known as a leader in AI-powered computer vision, would be joining an already crowded race to develop generative AI. Services like Midjourney, OpenAI's Dall-E and convers...