(Yicai) July 5 -- Shares in SenseTime plunged today despite the Chinese artificial intelligence developer releasing the latest iteration of its large language model which boasts a whole new interaction effect that is benchmarked against US AI firm OpenAI’s chatbot GPT-4o.

SenseTime’s share price [HKG:0020] plummeted 16.1 percent to finish the day at HKD1.35 (USD0.17).

At the demonstration held by Shanghai-based SenseTime, SenseNova 5o, which is based on SenseTime’s 5.5 foundation model, could read tags worn by staff and tell that they were at a launch event. The demonstration was similar to those done by OpenAI and Google at their product launches.

The AI model can identify logos on caps, or the shape of a soft toy and describe its appearance, Yicai discovered. It can also summarize the content on a written page, when it is facing it. And the interview between a human asking a question and the chatbot answering is around two to three seconds.

Chatbots need to have better reasoning abilities, interact more naturally and their ability to generate knowledge needs to be better controlled in order to allow for more AI breakthrough moments, Chairman Xu Li said yesterday.

Real-time interactivity is key for a smooth experience and producing amazing moments and will determine how the software is used, Xu said.

SenseNova 5.5 demonstrates a 30 percent improvement in comprehensive performance compared with SenseNova 5.0. It has improved mathematical reasoning skills and English ability, and is better at following instructions.

All new users of SenseNova will get free services such as induction, migration and training, Xu said. SenseTime will also give away 50 million training tokens for free, and send consultants to help OpenAI users migrate to SenseNova without charge.

Editor: Kim Taylor