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RoboSense Ranked No. 1 in Global Passenger Car LiDAR Market Share, Annual and Cumulative Sales in 2024 | Yole Annual Report

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SHENZHEN, China, April 11, 2025 /PRNewswire/ — Recently, Yole Group, an international research institute and market research & strategy consulting company, released the LiDAR for Automotive 2025 report (hereinafter referred to as the “Report”). According to the Report, RoboSense has secured three global No.1 positions in the automotive LiDAR market: No.1 in 2024 global passenger car LiDAR market share, annual sales champion for ADAS LiDAR, and cumulative ADAS sales champion from 2018 to 2024. These achievements further demonstrate RoboSense’s leading position and strong capabilities in the global LiDAR industry.

The Report also highlights RoboSense’s progress in globalization, expansion into the Robotaxi market, and cutting-edge technology development over the past year, indicating a promising future.

Market Leadership

Market Share Leader, Annual and Cumulative Sales Champion

According to the Report, the global passenger car LiDAR market is experiencing rapid growth, with a 68% YOY increase in 2024 and market size reaching USD 692 million. RoboSense ranked first globally with a 26% market share. Thanks to the widespread adoption of high-level ADAS with LiDAR in China, the global market is booming, with Chinese LiDAR brands accounting for 92% of global share — closely linked to Chinese automakers’ large-scale deployment and reliance on domestic supply chains.

The Report also notes that approximately 1.6 million LiDAR units were installed in passenger vehicles globally in 2024, more than doubling from the previous year. RoboSense ranked No.1 in global annual sales with 519,800 units sold. Among the rapidly expanding passenger car LiDAR market, the Report identifies RoboSense as the leader among the “Big Four” Chinese LiDAR companies.

RoboSense’s impressive market performance is the result of its long-standing commitment to market-driven collaboration and continuous technological innovation. As of the end of March 2025, RoboSense has established close partnerships with over 30 OEMs and Tier 1 suppliers worldwide, including BYD, Zeekr, and IM, with more than 100 vehicle models awarded. From January to March 2025, RoboSense has supported the launch and debut of 15 collaborative models, including Toyota bZ3X, GAC Trumpchi S7, and Geely Galaxy E8. With the rapid adoption of L2+ advanced driving assistance systems, over 10 vehicle models in the ¥150,000–¥200,000 range have launched mass-produced models equipped with RoboSense LiDAR.

Furthermore, Yole Group estimates that between 2018 and 2024, RoboSense led the cumulative global passenger car LiDAR sales with over 800,000 units sold, far ahead of other brands — solidifying its position as a global leader in LiDAR technology and delivery capabilities.

Accelerating Global Expansion

Mass Production Collaboration in EU, U.S., and Japan

The Report indicates that China, the EU, the U.S., Japan, and Korea are all showing active plans to release car models equipped with LiDAR. Chinese OEMs are expected to release 111 car models with LiDAR in 2025 or soon after. EU OEMs are projected to launch 4+ car models with LiDAR, while U.S. OEMs plan to release 2. Additionally, Japanese and Korean OEMs are expected to release 2+ car models with LiDAR in 2024 or soon after.

While maintaining its leading position in China, RoboSense is rapidly expanding globally with its high-performance and highly reliable LiDAR products, becoming a preferred partner for overseas OEMs in their smart transformation. RoboSense has secured 8 overseas and Sino-foreign joint venture brand partnerships, including a top-tier Sino-American joint venture automaker, all three of Japan’s top automakers, two Sino-European collaborative brands, a leading emerging automaker in North America, and a North American new energy vehicle brand — covering major automotive markets across Europe, North America, and Asia-Pacific.

L4 LiDAR Market

Rapid Expansion and Securing Multiple Leading Robotaxi Clients

As the global Robotaxi market shifts from pilot programs to large-scale deployment, the number of LiDAR units per vehicle is expected to rise significantly, accelerating growth in the L4 LiDAR segment.

Yole Group forecasts that the global L4 LiDAR market will reach USD 166 million in 2024, a 35% YOY increase. Among the 10 L4 autonomous driving companies listed in the Report, six have adopted RoboSense’s LiDAR product, reflecting its exceptional performance and industry recognition.

With its stable, reliable, and automotive-grade LiDAR, RoboSense is poised to become a mainstream supplier for commercial Robotaxi vehicles, unlocking significant growth opportunities.

Cutting-Edge Technology and Full Product Portfolio

Full-Stack Chip Self-Development Drives Digital Transformation

The Report also analyzes technology trends among leading global LiDAR suppliers. According to Yole Group, RoboSense is the only global LiDAR brand offering a complete portfolio that includes mechanical, 1D and 2D hybrid solid-state, and full solid-state LiDAR products — leveraging innovation to stay ahead in diverse application scenarios.

Yole Group also notes that RoboSense, among others, has begun incorporating SPAD-SoC chips in its latest product designs. By combining VCSEL with SPAD-SoC, LiDAR systems can achieve longer detection range and higher resolution, breaking through performance limitations.

As a pioneer of LiDAR technology, RoboSense integrated LiDAR technology architecture in 2024 and mastered full-stack chip self-development, covering transceiving, scanning, and data processing. With a comprehensive product platform featuring “1D mechanical scanning, 2D MEMS scanning, and all-solid-state array scanning,” RoboSense has pioneered the mass production of digital LiDAR and established the industry’s most complete product portfolio. This allows rapid development and iteration to meet the diverse needs of intelligent driving, robotics, and other applications.

Amid widespread adoption of intelligent driving and rapid growth in the robotics industry, demand for LiDAR sensors and fusion perception solutions is rising rapidly. As the world’s first company to ship over one million LiDAR units, RoboSense will continue to strengthen its global leadership in technology and mass production, driving the industry toward a smarter, safer, and more efficient future.

About RoboSense

RoboSense (2498.HK), founded in 2014, is an AI-driven robotic technology company that supplies advanced and reliable incremental components and solutions for the robotic industry. The company is committed to “become a global leader in robotic technology platforms,” and its mission is “Safer world, Smarter life.” For more information about RoboSense, visit https://www.robosense.ai

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SOURCE RoboSense Technology Co., Ltd.

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CHAI, the Social AI Platform, on Track to Hit $1.4B Valuation in 2026

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CHAI, a fast-rising AI startup in Palo Alto, is rapidly emerging as the next unicorn with explosive revenue growth of 250%, surpassing industry leaders like Databricks (127%), SpaceX (139%), and Anthropic (220%). With a last valuation of $450 million more than a year ago, CHAI is on track to achieve a $1.4 billion valuation by 2026, driven by projected 30X revenue multiples—a benchmark set by top-tier Silicon Valley disruptors.

PALO ALTO, Calif., May 17, 2025 /PRNewswire/ — CHAI, a fast-rising AI startup in Palo Alto, is rapidly emerging as the next unicorn with explosive revenue growth of 250%, surpassing industry leaders like Databricks (127%), SpaceX (139%), and Anthropic (220%). With a last valuation of $450 million more than a year ago, CHAI is on track to achieve a $1.4 billion valuation by 2026, driven by projected 30X revenue multiples—a benchmark set by top-tier Silicon Valley disruptors.

With a valuation of $450 million 16 months ago, CHAI is experiencing explosive revenue growth of 250%, surpassing high-profile companies including Anthropic (220%), Midjourney (167%), SpaceX (139%), and Databricks (127%). With 2024 revenue of $18 million and projections to reach or even surpass $45 million by the end of 2025, CHAI’s trajectory places it among the elite tier of tech innovators.

Industry analysts tracking CHAI’s meteoric rise predict revenue multiples of 30X to 32X by 2026, potentially driving the company’s valuation to approximately $1.4 billion. This remarkable growth rate exceeds some of today’s most valuable startups, including Anthropic and SpaceX.

While CHAI doesn’t have plan to start it’s next fund raising round, investors and industry observers are taking note of its extraordinary performance metrics, positioning the company as the next breakthrough success in Silicon Valley’s competitive landscape.

Was CHAI the first AI Platform? CHAI was the first consumer AI product to reach 1 million users, leveraging the open-sourced LLM GPT-J, before ChatGPT or Llama.

What is CHAI? CHAI is a social AI platform where users can create their own AI. Since its launch three years ago, CHAI has experienced significant growth, particularly among Gen Z users. Now, to support further growth and wider adoption, CHAI has redesigned its brand.

Can you use CHAI AI in a browser? As of March 2025, no. CHAI is focused on delivering the most engaging social AI experience by hiring talented engineers to refine its app. While there are currently no plans for a web app, this may change in the future.

Is CHAI AI safe? CHAI has implemented a range of safety features that allow users to engage in dynamic chats while encouraging them to stay within established guidelines. By building better AI, CHAI aims to enhance user value and experience.

What makes CHAI special? CHAI is designed to be the most engaging social AI, delivering highly entertaining conversations. Many users rely on it to craft interactive stories and immersive experiences.

Why do people love CHAI? CHAI employs advanced AI techniques to increase the entertainment value of its bots. Users chat with AI to write interactive novels and have engaging conversations, supported by a variety of genres that appeal to avid novel readers.

Sometimes regarded as the best free AI chatbot, CHAI is paving its way to widespread adoption of conversational social AI for entertainment.

Who is the founder? William Beauchamp is a 2x founder, first started building CHAI with his sister in Cambridge UK in 2020. After building the first AI chat platform they relocated to Palo Alto.

Are they hiring? CHAI is a rapidly growing company that is known for paying very high salaries with an intense culture focused on delivering results and iterating quickly. Apply on CHAI’s website.

Press Contact:

Tom Lu
+1 (626) 594-8966
https://www.chai-research.com/

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SOURCE Chai Research Corp

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GMI Cloud Scales Up With New HQ in Mountain View, CA

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GMI Cloud deepens existing Silicon Valley roots, prioritizing collaboration with leading AI innovators 

MOUNTAIN VIEW, Calif., May 16, 2025 /PRNewswire/ — GMI Cloud, a fast-rising provider of GPU-as-a-Service infrastructure purpose-built for AI, today is proud to announce it has moved its headquarters from San Jose, CA to Mountain View, CA to provide more open space for its growing team and the local growing AI native startup community. From hackathons, meetups, technology industry events and more, the closer proximity to top universities and colleges will help GMI Cloud continue to foster the rapid growth of AI throughout Silicon Valley and on a global level.

The new office comes amid strong momentum for GMI Cloud. Since its funding announcement last year, the company has grown exponentially in customers and partnerships, increasing AI development all over the world. However, GMI Cloud has been a global company since day one, with data centers in Taiwan, Malaysia, Mexico, and the U.S. Its global data center network makes it uniquely able to provide flexible, cost-effective computing solutions without the disruption of geopolitical changes. Customers can scale their AI capabilities without unexpected cost surprises. This new office signifies its commitment to AI innovators in Silicon Valley and beyond.

“Bringing GMI Cloud to Mountain View allows for employees to enjoy what the local community has to offer while keeping us in the epicenter of Silicon Valley,” said Alex Yeh, CEO of GMI Cloud. “We are accelerating quickly and we find it incredibly valuable to have the right home base to host our partners, customers, and employees.”

For more information about GMI Cloud and hiring opportunities, visit www.gmicloud.ai.

About GMI Cloud
GMI Cloud is a global company that delivers full-stack, U.S.-based GPU infrastructure and enterprise-grade inference services built to scale AI products. Whether training foundation models or deploying real-time agents, GMI gives teams full control of performance, costs, and launch velocity. With on-demand and reserved GPU clusters for all workloads and projects, GMI helps AI teams build without limits. GMI Cloud is based in Mountain View, CA.

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SOURCE GMI Cloud

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STL reports FY25 results; well-positioned to unlock growth

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Reports EBITDA of INR 146 Cr, highest in the last six quarters; 31% QoQ growth

MUMBAI, India, May 17, 2025 /PRNewswire/ — STL (NSE: STLTECH), a leading optical and digital solutions company, today announced its financial results for the year ended 31 March, 2025. The Company reported revenues of INR 1052 Cr for the quarter and INR 3996 Cr for FY25 across its business units – Optical Networking and Digital. STL delivered EBITDA margins of 13.8% and EBITDA of INR 146 Cr, highest in the last six quarters.

With a focus on customer centricity, product innovation, and cost leadership, STL continues to be a partner of choice for the global Digital Infrastructure build. As we navigate evolving tariff dynamics, we remain focused on leveraging our global manufacturing footprint in the U.S., Europe, and India and diversified supplier partnerships to drive company performance. 

In Q4 FY25, Optical Networking Business reported a 26% revenue growth and 110% EBITDA as compared to Q4 FY24. This was driven by accelerating momentum in the Enterprise Connectivity and Data Centre Business and a ~22% attach rate in the Optical Connectivity Business (OC). Enterprise and Data Centre Business has seen robust demand in Europe and India as STL supported key players in these regions to expand their end customer connectivity solutions.

STL Digital – Achieved EBITDA positive for consecutive 2 quarters with a steady YoY revenue growth and a robust order book. STL Digital has strategic partnerships with 40+ technology companies and has acquired more than 25 global customers across India and the U.S.

Some key highlights for FY25

Global Services Business* – STL completed the demerger of its Global Services Business that transitioned from Sterlite Technologies (STL) to STL Networks Limited under the brand name ‘Invenia.’Our marquee wins – STL added diversified customers across geographies, forming deep partnerships with service providers like Archtop Fiber in the U.S., Connexin, Netomnia and Wyre in the UK and Europe, Vocus in Australia, du Telecom in MEA and Bharatnet and Vedanta in India.Product innovation and co-creation with customers – STL has aggressively driven product innovation, focusing on co-creation with customers and next-gen optical solutions with development of ultra-thin optical fibre of 160-micron, 180-micron and 864F Microcables, AI-led data centre solutions, Multi-core fibre (MCF) for quantum communications and silicon photonics, and Optical Connectivity portfolio for the U.S. STL also unveiled Rapid series of Optical products, compliant with the ‘Build America, Buy America’ (BABA) regulations. STL ended the year with a patent count of 740 with 76 new patents filed in FY25.Our Net Debt: Equity has improved to 0.68 times against 1.39 times post demerger and Post QIP (YoY).

“FY25 was marked by resilience and customer-focus. By doubling down on our core priorities—Customer and Cost Leadership—we not only sustained momentum but also laid the groundwork for future growth. The strengthening order pipeline and customer engagements signal a promising shift in market dynamics,” remarked Ankit Agarwal, Managing Director, STL. “The trifecta of AI-ready infrastructure, rural fiberisation, and data centre expansion will be the cornerstone of global digitalisation, and we’re are fully prepared with our extensive Connectivity solutions,” he added.

Financial highlights (INR Cr)

Financials**

INR Cr

FY25

FY24

Q4FY25

Q4FY24

Revenue

3996

4083

1052

843

EBITDA

452

527

146

44

**All financials are from continued operations

*Pursuant to receipt of necessary statutory approvals and in accordance with the Scheme of Arrangement between STL and STL Networks Limited, the Company has demerged its Global Service business effective March 31, 2025, as approved by NCLT. Consequently, the financial results of the Global Service business for the respective quarters and year ended March 31, 2025 and March 31, 2024 have been presented as discontinued operations to reflect the impact of this demerger.

About STL – Sterlite Technologies Ltd:

STL is a leading global optical and digital solutions company providing advanced offerings to build 5G, Rural, FTTx, Enterprise and Data Centre networks. Read more, Contact usstl.tech | Twitter | LinkedInYouTube

For more information, contact:
Media Relations:
Shaily Rai Sinha
stl.communications@stl.tech

Investor Relations
Ajay Jhanjhari 
investor@stl.tech

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