SenseTime revealed today that it had entered into a strategic cooperation agreement with China Unicom during the 2024 China Unicom Partner Conference, which took place on July 19-20. The collaboration will span across areas such as digital communications, industrial digital transformation, AI infrastructure, computing service systems, and global computing supply, aiming to establish a robust foundation for the AI industry’s growth.
Focus on AI Infrastructure
Per the agreement, the companies will engage in various collaborative efforts within the realm of large language models (LLMs) to enhance their AI infrastructure and make it available as a service to the industry.
The partnership leverages both companies' resources to co-develop LLMs. Yang Fan, co-founder of SenseTime and president of the Large Device Business Group, stated that the computing power and data would be utilized to bolster their AI infrastructure. This initiative aims to lower the cost and barriers for implementing AI in different products. According to a report, this should enable more individuals to carry out AI research and innovation effectively, fostering the sustainable development of the AI industry.
Combining Strengths for Better Results
Discussing the synergy between operators and AI firms, Yang Fan highlighted that AI companies excel in technical platforms and software capabilities, whereas operators have the advantage of extensive scenario coverage. The collaboration between these entities is expected to significantly enhance the development of LLMs.
Last month, SenseTime announced its intention to issue Class B shares, raising HK$2.008 billion. This funding has seen participation from multiple investors and leading international companies, with existing shareholders also increasing their stakes. The capital is reportedly earmarked for AI research and the creation of software products that benefit from such research.
