Understanding the Market | SENSETIME-W rose over 5% in the afternoon after reaching a strategic cooperation with Cambricon, focusing on the joint optimization of software and hardware

SENSETIME-W rose over 5% in the afternoon, and as of the time of writing, it increased by 5.02%, trading at HKD 2.51, with a transaction volume of HKD 1.474 billion. In terms of news, SenseTime announced at noon that the company recently signed a strategic cooperation agreement with Cambricon Technology Corporation Limited (hereinafter referred to as "Cambricon") aimed at the new development stage, focusing on promoting joint optimization of software and hardware, and jointly building an open and win-win industrial ecosystem. Both parties will leverage their respective technological and industrial resource advantages to carry out multi-level, long-term deep cooperation in areas such as the construction of domestic artificial intelligence infrastructure, vertical business development, and technology going abroad, jointly creating a more forward-looking and inclusive AI development ecosystem. The company pointed out that this cooperation actively responds to the national "Artificial Intelligence +" strategic deployment, combining SenseTime's leading capabilities in large model research and development, artificial intelligence infrastructure platform construction, and industrial applications, along with Cambricon's deep accumulation in intelligent computing chips and computing power infrastructure, aiming to promote the formation of a new generation of artificial intelligence domestic development paradigm that coordinates software and hardware, and enhance the independent innovation capability and ecological influence of key links in artificial intelligence