SenseTime Group, Inc. Class B (HK:0020) has released an update.
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SenseTime Group Inc. has successfully completed the placement of 1.865 billion new Class B Shares, raising approximately HK$2,787 million. The funds will be used to bolster their AI cloud capabilities, enhance AI infrastructure, and support generative AI development, alongside general corporate purposes. This strategic move signifies the company’s commitment to advancing its technological edge in the AI industry.
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