SenseTime, a leading Chinese artificial intelligence (AI) firm, has downsized its Singapore office amid increased competition in the AI industry following the launch of ChatGPT. The company has reportedly reduced its workforce in Singapore by around 20-30% as part of a global restructuring effort.
SenseTime, which specializes in computer vision and deep learning technologies, has been expanding its presence in Southeast Asia in recent years. However, the company is facing increased competition from other AI firms, particularly in the wake of ChatGPT's launch, which has sparked a surge of interest in AI-powered chatbots and language models.
The downsizing of SenseTime's Singapore office is seen as a strategic move to optimize the company's resources and focus on its core business areas. Despite the restructuring, SenseTime remains committed to its operations in Singapore and Southeast Asia, where it continues to work with local partners and customers on various AI projects.
The development highlights the rapidly evolving landscape of the AI industry, where companies are constantly adapting to new technologies, trends, and competitors. As the AI market continues to grow and mature, firms like SenseTime will need to stay agile and innovative to remain competitive.
