Chinese AI specialist’s latest model rivals GPT-4 Turbo
- SenseTime shares surge after unveiling new language model
- SenseNova 5.0 rivals OpenAI’s GPT-4 Turbo
- Shares rise 31% in early Hong Kong trading
- SenseTime’s market cap now closer to $2.5 billion
SenseTime’s shares rose sharply and were halted after the Chinese artificial-intelligence specialist unveiled a large-language model that it said rivals OpenAI’s GPT-4 Turbo. The shares surged 31% in early Hong Kong trading, trimming year-to-date losses to 31% and 12-month losses to 68%. SenseTime’s latest generative AI model, SenseNova 5.0, has ‘met or exceeded GPT-4 Turbo in mainstream objective evaluations,’ according to the company. This release offers hope to investors who have seen SenseTime’s stock decline since its IPO in late 2021. Despite the buying frenzy, there are still reservations about the company’s products and more clarity is needed.
Factuality Level: 3
Factuality Justification: The article contains a mix of relevant and irrelevant information, including details about the company’s stock performance and market capitalization that are tangential to the main topic of presenting the new AI model. It also includes some sensationalism in describing the rise and fall of SenseTime’s shares, which may not be directly related to the capabilities of the AI model being discussed.
Noise Level: 3
Noise Justification: The article provides relevant information about SenseTime’s latest generative AI model, its impact on the market, and the company’s performance. It includes details about the company’s shares, comparisons with OpenAI’s GPT-4 Turbo, and investor reactions. The article stays on topic and supports its claims with examples and quotes. However, it lacks in-depth analysis, antifragility considerations, and accountability of powerful people.
Financial Relevance: Yes
Financial Markets Impacted: Shares of SenseTime
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article discusses the rise in shares of SenseTime after unveiling its latest generative AI model. It also mentions the company’s previous losses and the market’s reservations about its products.
Public Companies: SenseTime (Not available)
Private Companies: OpenAI,SoftBank
Key People: Yeap Jun Rong (Market Strategist at online brokerage IG)
Reported publicly:
www.wsj.com 
