HK Stock Market Move | SENSETIME-W(00020) rose nearly 6% during trading. The company achieved a threefold expansion of its cluster scale based on Huawei's Ascend native development.

SENSETIME-W (00020) rose nearly 6% during trading hours. As of the time of this report, it has increased by 5.69%, trading at 1.3 Hong Kong dollars, with a transaction value of 4.73 billion Hong Kong dollars. In terms of news, recently, Zhang Xingcheng, Chief R&D Director of the Large Device Business Group of SENSETIME-W, attended the Huawei Whole-Connection Conference 2024 and stated that the SenseTime-W large-scale modeling has been practiced based on the Ascend native development for many years, constructing a large-scale parallel training acceleration system. The training performance of the 102B model has exceeded 120% in the industry, and the scale of single-task clusters has expanded to three times, with an efficiency loss of only 3%, and a linear acceleration ratio of over 97%. He continued to mention that based on the Ascend computing ecosystem, SenseTime has built a long sequence parallel training acceleration mechanism, which, compared with the industry, has improved the performance of 4K sequences by more than double, with 32K sequences remaining the same, and can handle training with 128K long sequences. Haitong pointed out that the company's generative AI business has achieved a significant growth of 255.7%, becoming the dominant business of the group, driven by strong demand in the Chinese market for large models and AIDC. The bank continued to mention that the company's strategic goal of transforming and upgrading to generative AI has been partially achieved, with over 3,000 industry-leading enterprises using SenseTime's large-scale models and AIDC services in the first half of 2024, and the overall call volume of "Daily New" large models achieving a growth of 400%. Guotai Junan believes that the generative AI business is growing rapidly and will become the main driver of the company's performance growth in the future.