Sensetime Technology (00020) and Cambricon reach a strategic cooperation

Recently, SenseTime Technology (00020) and Horizon Robotics Technology Co., Ltd. (referred to as "Horizon Robotics") signed a strategic cooperation agreement for the new development stage, focusing on the joint optimization of software and hardware, and jointly building an open and win-win industry ecosystem. Both parties will leverage their respective technological and industrial resource advantages, focusing on the construction of domestic artificial intelligence infrastructure, expansion of vertical businesses, and technological advancement abroad, to carry out multi-level, long-term, and in-depth cooperation, jointly building a more forward-looking and inclusive AI development ecosystem. This cooperation actively responds to the national strategy of "AI +", integrating SenseTime Technology's leading capabilities in large-scale model research and development, artificial intelligence infrastructure platform construction, and industrial applications, as well as Horizon Robotics' deep accumulation in intelligent computing chips and computational infrastructure. The aim is to promote the formation of a new generation of domestic AI development paradigm with software and hardware synergy, helping to improve the autonomous innovation capability and ecological influence of key links in artificial intelligence. Based on intelligent computing power and AI large model technology, both parties will explore a step-by-step product innovation system with software and hardware synergy, promote industrial intelligence transformation, and jointly cultivate high-growth innovative enterprises through ecological empowerment. Both parties will take this strategic signing as a new starting point, striving to create scalable and replicable commercial cooperation results. In terms of chip adaptation, both parties will actively promote the adaptation of the latest software and hardware products, jointly creating service solutions for the computing power market. In the integrated solution field, both parties will focus on enterprise services and other vertical industry scenarios, closely integrating their respective software and hardware capabilities to create integrated solutions for vertical sectors. Both parties will also jointly explore deep collaboration in advantageous regional markets, gathering local industrial resources and industry service advantages to build a more dynamic and influential regional AI thriving ecosystem.