Chinese AI company SenseTime has reportedly reduced staff across various departments. Affected individuals have been notified to leave within a week at the earliest, marking the firm’s second large-scale downsizing in less than a year. According to local media outlet Caixin, the company’s smart city group division experienced a workforce reduction ranging from 10% to 15%, as cited by multiple sources on Monday. This comes amidst a race among local tech firms to develop and launch their own large language models. In April, SenseTime introduced SenseNova, a competitor to ChatGPT. Hong Kong-listed SenseTime remains under US sanctions and has not yet turned a profit. Over the past five years, the company has incurred losses exceeding RMB 40 billion. Additionally, the company observed a decrease in employee count, with over 1,000 fewer staff members at the end of 2022 than the previous year, signifying a decline of 16.6%. [Caixin, in Chinese]
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