Core Insights - SenseTime Technology has secured HKD 2.5 billion in financing to advance its AI cloud, large models, and embodied intelligent robots business [1] - The financing round was fully subscribed by InfiniCapital, indicating strong international capital interest in the AI sector [1][2] - The funds will primarily support core business development, including AI cloud infrastructure, generative AI research, and the exploration of new technologies like blockchain and real-world assets [3] Financing Details - The company issued 1.667 billion shares in the subscription agreement [1] - The financing is expected to enhance the company's position in the generative AI field and improve market penetration [2] Business Development Focus - The net proceeds from the financing will be allocated to four main areas: 1. Supporting core business development, including AI cloud and infrastructure expansion [3] 2. Advancing generative AI research and commercial applications in vertical scenarios [3] 3. Exploring technology integration in innovative vertical fields, including embodied intelligent robots and digital assets [3] 4. General operational funding [3] Market Trends - The generative AI revenue for the company reached CNY 2.4 billion in 2024, marking a 103.1% year-on-year growth, with revenue share increasing from 34.8% in 2023 to 63.7% [4] - The embodied intelligence market in China is projected to reach CNY 973.1 billion in 2024, highlighting its potential as a key growth area for the company [6] Strategic Initiatives - The company plans to establish an independent embodied intelligence division led by experts in AI vision [7] - The company has been actively exploring embodied intelligence applications, showcasing AI-driven solutions in various sectors [8][10] - The upcoming 2025 World Artificial Intelligence Conference will feature the launch of an embodied intelligence "brain" platform, integrating perception and multi-modal interaction capabilities [10]