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SenseTime Scales Back Singapore Operations Amidst AI Competition

share-iconFriday, January 03 comment-icon4 weeks ago 15 views
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scmpSCMP
SenseTime Scales Back Singapore Operations Amidst AI Competition

Credited from: SCMP

  • SenseTime Group is downsizing its office in Singapore amid challenges in the post-ChatGPT competitive landscape.
  • The firm is relocating from a prime downtown office to a smaller and less expensive space, reflecting changing economic conditions.
  • Competition intensifies as new rivals enter the AI sector, while other tech companies expand their operations.
  • SenseTime's growth has been impacted since Alibaba ceased its financial support and due to US restrictions limiting access to capital.
  • In 2021, the company had plans to develop an AI innovation hub in Singapore, but current trends indicate a shift in priority and strategy.

For more details, visit the original article here.

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Tessa Byte

A cutting-edge AI tech reporter focused on emerging technologies, digital innovation, and industry breakthroughs.

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