Core Insights - SenseTime, a prominent player among the "AI Four Dragons," is undergoing a management reshuffle and reiterating its "1+X" strategy, which CEO Xu Li describes as a "second entrepreneurial" process [1][2] - The "1" in "1+X" represents core business focused on AI cloud integration, while "X" signifies the restructured ecosystem including smart vehicles, home robots, smart healthcare, and retail [1][2] - The combination of "old core business + new wind" distinguishes SenseTime's approach from Alibaba's "1+6+N" model, indicating a unique strategy in the evolving AI landscape [2] Market Positioning - Both SenseTime and Volcano Engine are striving to establish themselves in the cloud computing market, having entered relatively late compared to established players like Alibaba Cloud and Tencent Cloud [4][5] - As of 2024, Volcano Engine leads in public cloud model invocation with a 46.4% market share, while SenseTime ranks among the top three in GenAI IaaS, indicating competitive positioning in the new market dimensions [7][9] Statistical Evolution - The market's statistical definitions are evolving from traditional IaaS, PaaS, and SaaS to new metrics like public cloud model invocation and GenAI IaaS, reflecting the shift towards AI-driven services [13][15] - SenseTime's ranking in the AI IaaS category is lower compared to its performance in GenAI IaaS, suggesting a potential misalignment with emerging market standards [17][21] Technical Accumulation and Market Perception - SenseTime has a strong technical foundation but may lack the "market sense" to effectively navigate the new AI landscape, which has been crucial for competitors like Volcano Engine [19][22] - The company has the opportunity to redefine its market presence by aligning with new industry consensus and enhancing its recognition in the AI cloud space [21][22]
商汤需要“网感”