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<Research>HTSC Initiates Coverage on SENSETIME-W (00020.HK) w/ Rating/ TP at Buy/ $2.1
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Huatai Securities issued a research report initiating coverage on SENSETIME-W (00020.HK), with rating/ target price at Buy/ $2.1.

The main change in the AI 2.0 era compared to the AI 1.0 era is the training and application of foundation models, while the Company is the only company in the AI 1.0 four little dragons that has successfully transformed into the AI 2.0 era, and a pure AI foundation model and application company, Huatai Securities said.

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The broker was optimistic about the rapid development of foundation model applications, which will fully benefit from the accumulated experience of serving many customers in the AI 1.0 era, as well as the leading performance of foundation models and large devices in the AI 2.0 era.
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