SenseTime celebrates a decade of innovation at the SenseTime 10th Anniversary Global AI Summit 2024

SenseTime co-organised the SenseTime 10th Anniversary Global AI Summit with the Hong Kong Science and Technology Parks Corporation, with InvestHK as a strategic partner on October 17. The Summit brought industry leaders, government officials, and AI experts to discuss the next decade of innovation. With the theme "Empowering Inclusive Innovation for the AI 2.0 Era", the Summit highlighted SenseTime's journey from an academic startup to a leading global AI company. Approximately 300 international guests were in attendance, underscoring the Summit's significance for Hong Kong's role as a regional hub for technology and innovation.

In the past decade, artificial intelligence technology has evolved from its initial stage to become the focal point of the global technology industry. Dr. Xu Li, Chairman of the Board and CEO of SenseTime, said, "As we forge ahead towards the AI 2.0 era, SenseTime is committed to driving a new phase of innovation, built on a foundation of robust digital infrastructure, advanced models, and real-world applications. Our focus will be on harnessing the transformative power of AI to boost productivity and empower industries through our large models, while ensuring that our advancements contribute to sustainable progress and create meaningful benefits for society as a whole. We remain dedicated to expanding the horizons of AI, making it accessible, inclusive, and impactful for the future."

Global AI Developments: Transforming Industries and Infrastructure

The Summit featured seven thematic panels on topics ranging from the role of AI in business transformation to ethical governance. These discussions highlighted how AI-driven technologies are reshaping industries across the globe, with a particular emphasis on opportunities in Asia Pacific and the Middle East.

Among these discussions was the panel on "Reinventing Industries with AI: Driving Business Transformation Across APAC", which highlighted key aspects of AI adoption across various industries and regions. The panel explored the diverse AI landscape and its seamless integration into vertical industries, focusing on successful applications in sectors like real estate and finance. Overall, the panel advocated the responsible and innovative use of AI across the Asia-Pacific region, while stressing the need for a forward-thinking and sustainable. As SenseTime sees significant growth potential in the Asia-Pacific region, it has also been collaborating with partners across the region to support the digital transformations of these industries through AI. This includes the provision of localised large models that cater to the community's cultures and languages to meet their specific needs.

In another key area of discussion, the panel on "AI-Driven Urban Transformation: Building Connected and Intelligent Cities Across Hong Kong and the Middle East" focused on the use of AI to strengthen digital infrastructures in the Middle East and Hong Kong, particularly in enhancing the overall tourism and visitor experience. The panelists emphasised that the successful integration of AI into business operations hinges on leveraging AI-powered insights and advanced analytical capabilities, which enable more informed decision-making and drive impactful results. SenseTime has worked with clients in the Middle East to develop localised AI solutions in areas such as  digital entertainment, smart buildings, smart parking, and intelligent offices, and has established AI research labs to nurture local talent and drive AI development in the region.

Nurturing the Next Generation of Innovators in AI

Two notable segments focused on nurturing the next generation of innovators in AI and catalyzing innovation in Hong Kong while honoring Professor Tang Xiao'ou, SenseTime's late founder, who played a pivotal role in shaping the company's mission to create a better AI-powered future through innovation. In the Summit's opening panel, Dr. Lin Dahua, Co-founder, SenseTime, and other distinguished academics who crossed paths with Professor Tang reflected on his commitment to nurturing AI talent, and his vision for AI as a transformative force for society.

The Summit concluded with a fireside chat, "Catalyzing Innovation: Elevating Hong Kong's Collaborative Leadership in the Global Innovation Ecosystem," featuring Ms. Cindy Chow from the Alibaba Hong Kong Entrepreneurs Fund, Mr. Albert Wong from the Hong Kong Science and Technology Parks Corporation, and Dr. Xu Li. This discussion underscored Professor's Tang's influence on Hong Kong's innovation landscape and his legacy of translating research into AI solutions that address societal challenges.

Looking Ahead: The Next Decade of AI

As SenseTime embarks on its next chapter, the company remains steadfast in its mission to harness AI for societal benefit and drive sustainable development across industries. This 10th anniversary is not only a commemoration of past achievements, but also a renewed commitment to fostering collaborations that accelerate AI's potential to solve real-world challenges, improving lives and building a more interconnected future. Through continuous innovation and partnerships, SenseTime aims to remain at the very forefront of the AI 2.0 era, shaping a world where technology empowers inclusive and sustainable progress.