SenseTime's Half-Year Report 2024 Revenue Growth and Business Updates

TapTechNews August 27th news, SenseTime today released its half-year report as of June 30th, 2024. The data shows that in the first half of 2024, the group's total revenue was 1.7397 billion yuan, an increase of 21.4% year-on-year.

Among the three major businesses, the revenue of generative AI was 1.0512 billion yuan, a significant increase of 255.7% year-on-year, and the proportion of group revenue jumped to 60.4%, and the customers include more than 3000 industry leading enterprises.

SenseTime said that in the first half of the year, the revenue of the Jueying intelligent vehicle business was 168.1 million yuan, an increase of 100.4% year-on-year; the revenue of traditional AI was 52.04 million yuan, a decrease of 50.6% year-on-year.

In the first half of 2024, SenseTime further expanded the scale of AIDC and enhanced its service capabilities. The total computing power scale has exceeded 20,000 PetaFLOPS, which has increased significantly compared to the end of March 2024 (TapTechNews note: about 12,000 PetaFLOPS), and the number of GPUs online has reached 54,000, firmly occupying the leading position in the industry.