商汤科技的选择：拥抱AI国产化，做那个「修塔」的人

Core Viewpoint - SenseTime is embarking on a long-term path characteristic of Chinese technology companies, focusing on the localization of AI capabilities and the development of a robust ecosystem for domestic chips and models [2][27]. Group 1: Investment and Market Confidence - On December 18, SenseTime announced a placement of new Class B shares on the Hong Kong Stock Exchange, with significant interest from at least six institutional investors, reflecting strong market confidence in the company's long-term value [3]. - The proceeds from this placement will primarily be used to expand the scale of AIDC "large devices" and increase the localization ratio [3]. Group 2: Technological Advancements - The recent adaptation of SenseTime's "Riri Xin" Seko series multimodal models by Cambrian signifies a critical leap in domestic computing power for high-bandwidth, high-concurrency multimodal scenarios [3][4]. - The adaptation of the Seko model series represents a significant advancement in the domestic AI industry, moving beyond mere parameter scaling to a focus on physical realities and system-level collaboration [4][5]. Group 3: Strategic Positioning - SenseTime is positioning itself as a "builder" in the era of "computing sovereignty," fully embracing localization and addressing the challenges posed by the unification of hardware architectures [6][7]. - The SenseCore large device serves as a training ground for domestic chips, enabling the optimization of their potential in real business scenarios [11][13]. Group 4: Ecosystem Development - SenseTime's collaboration with Cambrian is not limited to hardware procurement but extends into deep integration, creating a "stair-step product innovation system" that fosters true software-hardware synergy [14]. - The company is also working with emerging computing forces like Muxi and Jiyuan to validate the potential of new architecture chips in specific high-difficulty tasks, establishing comprehensive cooperation for industry expansion [14][15]. Group 5: Application and Commercialization - SenseTime's strategy encompasses a full-stack ecosystem from large devices to multimodal models and end-user applications, addressing the critical infrastructure challenges in AI localization [16][25]. - The AI office application "Little Raccoon" exemplifies the successful adaptation of domestic chips, breaking the stereotype that domestic computing power cannot be effectively utilized at the terminal level [26]. Group 6: Future Outlook - The company aims to transform the grand narrative of "computing localization" into tangible productivity tools accessible to everyone, emphasizing the importance of application-level delivery in building confidence in the domestic AI industry [27].