HK Stock Market Move | SENSETIME-W(00020) rose more than 5% in the afternoon and reached a strategic cooperation with Cambricon, focusing on promoting the joint optimization of software and hardware.

SENSETIME-W (00020) rose more than 5% in the afternoon, up 5.02% as of the time of writing, trading at 2.51 Hong Kong dollars with a total turnover of 1.474 billion Hong Kong dollars. On the news front, SenseTime Technologies announced at noon that the company has signed a strategic cooperation agreement with Horizon Robotics Technology Co., Ltd. (referred to as "Horizon Robotics") targeting the new development stage. The agreement focuses on joint optimization of hardware and software, and jointly building an open and win-win industrial ecosystem. Both parties will leverage their respective technological and industrial resource advantages to carry out multi-level and long-term in-depth cooperation around the construction of domestic artificial intelligence infrastructure, expanding vertical businesses, and technology going abroad, jointly building a more forward-looking and inclusive AI development ecosystem. The company stated that this cooperation actively responds to the national strategy of "AI+", combining SenseTime Technologies' leading capabilities in large-scale model research and development, artificial intelligence infrastructure platform construction, and industrial applications, with Horizon Robotics' deep accumulation in intelligent computing chips and computing infrastructure. The aim is to promote the formation of a new generation of domestic artificial intelligence development paradigm with soft and hard synergy, helping to enhance the independent innovation capabilities and ecological influence of key links in artificial intelligence.