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SenseTime Reduces Singapore Office Size Amidst Struggles in AI Competition

share-iconSaturday, January 04 comment-icon2 weeks ago 8 views
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SenseTime Reduces Singapore Office Size Amidst Struggles in AI Competition

Credited from: SCMP

  • SenseTime Group is downsizing its office in Singapore, moving from a large downtown space to a smaller location.
  • The company relinquishes an 11,000 square foot office in Frasers Tower for a more affordable site.
  • This decision comes as SenseTime faces intense competition in the AI sector, following the rise of new rivals post-ChatGPT.
  • Other tech firms, like ByteDance, are expanding instead, indicating a contrasting trend amid economic challenges.
  • The restructuring follows the loss of Alibaba as a financial partner and aims to shift focus towards generative AI.

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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