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SenseTime’s SenseNova V6: China’s Most Advanced Multimodal Model with the Lowest Cost in the Industry

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Integrating AI into Everyday Life 

HONG KONG, April 12, 2025 /PRNewswire/ — SenseTime launched its newly upgraded large model series, SenseNova V6, at its Tech Day event held in several locations, including Shanghai and Shenzhen. Leveraging advances in the training of multimodal long chain-of-thought (CoT), global memory, and reinforcement learning, the model delivers industry-leading multimodal reasoning capabilities while setting a new benchmark for cost efficiency.

The capabilities of the SenseNova V6 model have been greatly enhanced, with strong advantages in long CoT, reasoning, mathematical capabilities, and global memory. Its multimodal reasoning capabilities ranked first in China when benchmarked against GPT-o1, while its data analysis performance outpaced GPT-4o. It also combines high performance with cost efficiency. Its multimodal training efficiency is aligned with that of language models, providing the lowest training costs in the industry. Its reasoning costs are also the lowest in the industry. The new lightweight full-modal interactive model, SenseNova V6 Omni, delivers the most advanced multimodal interactive capabilities in China. It is China’s first large model that supports in-depth analysis of 10-minute mid-to-long form videos, benchmarked against Gemini 2.5 Turbo to be among the strongest in its class.

Dr. Xu Li, Chairman of the Board and CEO of SenseTime, said, “AI’s true purpose is found in our everyday lives. SenseNova V6 has pushed past the boundaries of multimodality, unlocking infinite possibilities in reasoning and intelligence.”

Multimodal long-chain reasoning, reinforcement learning, and global memory: SenseNova V6 leads the way in enabling multimodal deep thinking

As a native Mixture of Experts (MoE)-based multimodal general foundation model with over 600 billion parameters, SenseNova V6 has achieved multiple technological breakthroughs. A single model is able to perform a range of tasks across text and multimodal domains, including:

Long CoT: Trained on over 200B high-quality multimodal long CoT data, with the longest CoT reaching 64K;Mathematical Capabilities: Significantly outperformed GPT-4o in data analysis capabilities;Reasoning Capabilities: Ranked first in China for multimodal deep reasoning, benchmarked against GPT-o1;Global Memory: First in China to achieve long-form video understanding, supporting content of 10 minutes in length for comprehension and deep reasoning.

In leading benchmark evaluations of reasoning and multimodal capabilities, SenseNova V6 achieved state-of-the-art results across multiple metrics.

Based on more than 200B of high-quality multimodal long CoT data, SenseTime leverages multi-agent collaboration to synthesize and verify long CoT. SenseNova V6 has developed exceptional multimodal reasoning capabilities, supporting multimodal long CoTs up to 64K tokens, enabling the model’s long-term thinking capability.

In solving complex real-world problems, SenseNova V6 utilizes its robust hybrid image and text understanding and reasoning capabilities to help users with a range of tasks.

For complex document processing scenarios, SenseNova V6 is able to help users with difficult tasks through its strong multimodal reasoning capabilities. For example, in insurance claims processing, SenseNova V6 can assess whether the submitted commercial health insurance claims meet the requirements. It can detect issues such as unnecessary prescriptions and examinations, missing documents, or incomplete submissions.

Leveraging breakthroughs in multimodal reinforcement learning, SenseTime has developed a hybrid reinforcement learning framework for various image-text tasks, based on different difficulty levels and multi-reward models.

China’s first model to break the 10-minute barrier in video understanding, achieving analysis of extended content within seconds

With its global memory capability, SenseNova V6 overcomes the limitations of traditional models that could only support short videos, and now supports full-framerate analysis of 10-minute videos.

With advanced comprehension capabilities, SenseNova V6 is also able to intelligently edit and extract video highlights, helping users to retain memorable moments.

SenseTime’s proprietary technology aligns visual information (images), auditory information (speech and sounds), linguistic information (subtitles and spoken language), and temporal logic to form a multimodal unified sequential representation. Based on this framework, it applies fine-grained cascading compression and content-aware dynamic filtering to achieve high-ratio compression of long videos. A 10-minute video can be compressed into 16K tokens while retaining key semantics.

Human-like interaction: SenseNova V6 Omni launches with multi-industry deployment 

With the launch of SenseNova V6, SenseNova’s has upgraded its real-time interactive unified large model to SenseNova V6 Omni, with deep optimizations across scenarios, including role-playing, translation and reading, cultural tourism guiding, picture book narration, and mathematical explanation. 

In translation and reading scenarios, SenseNova V6 Omni enables users to achieve precise spatial interactions with a simple finger gesture. The model also accurately understands the relationship between local and global information, providing a more intuitive and human-like interactive experience.

SenseNova V6 Omni features more human-like perceptual and expressive abilities, as well as emotional understanding. It has been deployed across multiple industries and scenarios, including embodied intelligence, becoming the first commercialized full-modality real-time interactive model in China.

Full-featured version of SenseChat launched, now available for preview

SenseTime has released a comprehensive update to SenseChat, along with a brand-new app built on the complete capabilities of SenseNova V6. Through a single access point, users can engage in seamless multimodal interactive streaming experiences across text, images, and video.

The SenseChat app is available for preview and SenseNova V6 is now available for trial via the SenseChat web platform at https://chat.sensetime.com/wb/chat.

RMB100 million in vouchers released to accelerate full-stack scenario implementation

SenseTime also announced a dedicated subsidy of RMB100 million, aimed at advancing emerging fields such as embodied intelligence and AIGC. Through targeted and multi-dimensional initiatives, SenseTime is delivering a one-stop solution designed for high efficiency, low cost, and end-to-end AI implementation,  spanning expert consulting, model training, and reasoning validation.

– End –

About SenseTime

SenseTime is a leading AI software company focused on creating a better AI-empowered future through innovation. We are committed to advancing the state of the art in AI research, developing scalable and affordable AI software platforms that benefit businesses, people and society as a whole, while attracting and nurturing top talents to shape the future together.

With our roots in the academic world, we invest in our original and cutting-edge research that allows us to offer and continuously improve industry-leading AI capabilities in universal multimodal and multi-task models, covering key fields across perception intelligence, natural language processing, decision intelligence, AI-enabled content generation, as well as key capabilities in AI chips, sensors and computing infrastructure. Our proprietary AI infrastructure, SenseCore, integrates computing power, algorithms, and platforms, enabling us to build the “SenseNova” foundation model sets and R&D system that unlocks the ability to perform general AI tasks at low cost and with high efficiency. Our technologies are trusted by customers and partners in many industry verticals including Generative AI, Computer Vision and Smart Auto. 

SenseTime has been actively involved in the development of national and international industry standards on data security, privacy protection, ethical and sustainable AI, working closely with multiple domestic and multilateral institutions on ethical and sustainable AI development. SenseTime was the only AI company in Asia to have its Code of Ethics for AI Sustainable Development selected by the United Nations as one of the key publication references in the United Nations Resource Guide on AI Strategies, and was published in June 2021.

SenseTime Group Inc. has successfully listed on the Main Board of the Stock Exchange of Hong Kong Limited (HKEX). We have offices in markets including Hong Kong, Shanghai, Beijing, Shenzhen, Chengdu, Hangzhou, Nanping, Qingdao, Xi’an, Macau, Kyoto, Tokyo, Singapore, Riyadh, Abu Dhabi, Dubai, Kuala Lumpur and South Korea, etc., as well as presence in Germany, Thailand, Indonesia and the Philippines. For more information, please visit SenseTime’s official website or LinkedIn, X, Facebook and Youtube pages. 

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SOURCE SenseTime

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Waystar Announces Pricing of Public Offering of Common Stock

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LEHI, Utah and LOUISVILLE, Ky., May 14, 2025 /PRNewswire/ — Waystar Holding Corp. (Nasdaq: WAY) (“Waystar”), a provider of leading healthcare payments software, today announced the pricing of its underwritten public offering of 12,500,000 shares of its common stock by certain investment funds of EQT AB and Bain Capital, LP, and Canada Pension Plan Investment Board (CPP Investments), and their respective affiliates (collectively, the “Selling Stockholders”) at a price to the public of $38.75 per share.  Additionally, the Selling Stockholders have granted the underwriters a 30-day option to purchase up to 1,875,000 additional shares of common stock. Waystar is not selling any shares and will not receive any proceeds from the sale of shares in the offering by the Selling Stockholders. The offering is expected to close on or about May 16, 2025, subject to customary closing conditions.

The offering is being made through an underwriting group led by J.P. Morgan, Goldman Sachs & Co. LLC, and Barclays, who are acting as joint lead book-running managers and as representatives of the underwriters for the offering. William Blair, Evercore ISI, BofA Securities, RBC Capital Markets, Jefferies and Deutsche Bank Securities are acting as joint bookrunners for the offering. Canaccord Genuity and Raymond James are acting as co-managers for the offering.

A registration statement on Form S-1, including a prospectus, relating to these securities has been filed with and declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.

The offering may be made only by means of a prospectus. Copies of the preliminary prospectus may be obtained by contacting: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by email at prospectus-eq_fi@jpmchase.com; Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at (866) 471-2526, or by email at prospectus-ny@ny.email.gs.com; or Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (888) 603-5847, or by email at barclaysprospectus@broadridge.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts. The words “anticipate,” “assume,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “future,” “will,” “seek,” “foreseeable,” the negative version of these words, or similar terms and phrases are intended to identify forward-looking statements. The forward-looking statements contained in this press release are based on management’s current expectations and are inherently subject to various risks, uncertainties, assumptions, or changes in circumstances that are difficult to predict or quantify. These risks and uncertainties include, but are not limited to, risks and uncertainties associated with the consummation of the offering and other risks described in Waystar’s registration statement on Form S-1, as it may be amended from time to time, and its Annual Report on Form 10-K for the year ended December 31, 2024 and any subsequent filings with the SEC. Except as required by law, Waystar has no obligation to update any of these forward-looking statements to conform these statements to actual results or revised expectations.

About Waystar

Waystar’s mission-critical software is purpose-built to simplify healthcare payments so providers can prioritize patient care and optimize their financial performance. Waystar serves approximately 30,000 clients, representing over 1 million distinct providers, including 16 of 20 institutions on the U.S. News Best Hospitals list. Waystar’s enterprise-grade platform annually processes over 6 billion healthcare payment transactions, including over $1.8 trillion in annual gross claims and spanning approximately 50% of U.S. patients. Waystar strives to transform healthcare payments so providers can focus on what matters most: their patients and communities.

Media Contact
Kristin Lee
kristin.lee@waystar.com

Investor Contact
Sandy Draper
investors@waystar.com 
502-238-9511

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SOURCE Waystar

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PIF’s Joint Venture with Hyundai Motor Company, Hyundai Motor Manufacturing Middle East, celebrates groundbreaking milestone

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Paving the way for a new industrial futureThe new facility is a joint venture between PIF and Hyundai Motor CompanyThe plant will manufacture internal combustion engine and electric vehicles, with an annual production target of 50,000 vehicles to supply Saudi Arabia

KING ABDULLAH ECONOMIC CITY, Saudi Arabia, May 15, 2025 /PRNewswire/ — Hyundai Motor Manufacturing Middle East (HMMME), a joint venture between PIF and Hyundai Motor Company, today hosted its groundbreaking ceremony in the recently announced King Salman Automotive Cluster within King Abdullah Economic City (KAEC). The ceremony is a significant milestone that marks another step in the development of the automotive industry in the Kingdom of Saudi Arabia.

PIF owns a 70% stake in HMMME, with Hyundai holding the remaining 30%. The manufacturing plant, Hyundai’s first facility in the Middle East, will roll out its first vehicle by the fourth quarter of 2026 and targets an annual production of 50,000 vehicles. This will include both internal combustion engine (ICE) and electric vehicles (EV).

Yazeed A. Alhumied, Deputy Governor and Head of MENA Investments at PIF, said: “This groundbreaking is a significant milestone for PIF as it further strengthens the automotive industry in Saudi Arabia. PIF will continue to enable and accelerate the growth of Saudi Arabia’s automotive ecosystem through partnerships. This joint venture underscores PIF’s commitment to build local capabilities, attract cutting-edge technology, and create highly skilled jobs in Saudi Arabia’s automotive and mobility sector.”

Jaehoon Chang, Hyundai Motor Group Vice Chair said, “Today’s groundbreaking marks the beginning of a new chapter for both the Kingdom of Saudi Arabia and Hyundai Motor Company, as we lay the foundation for a new era of future mobility and technological innovation. Through our joint venture, we hope to contribute to the development of talent in the region with advanced skills and capabilities under Saudi Vision 2030.”

Wongyun Park, Vice President and CEO of Hyundai Motor Manufacturing Middle East said, “With HMMME, we are driving change forward and paving the way for a new industrial future in the region. The facility will become a platform for growth and industrial excellence in the heart of the Kingdom.”

HMMME is building a foundation for a new era of automotive manufacturing in Saudi Arabia. Harnessing the skills of the local workforce, the new manufacturing plant will create thousands of jobs and allow for knowledge transfer and skills development. The localization of Hyundai’s vehicles will accelerate the growth of Saudi Arabia’s automotive and mobility ecosystem and pave the way for a new industrial future.

This partnership is one in a series of PIF initiatives establishing Saudi Arabia as a global automotive player. Together, these initiatives are driving transformation in the sector, and boosting domestic manufacturing capabilities, infrastructure, and supply chains.

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BREAKING BARRIERS: HOW TIM WHITE IS REDEFINING INTERNATIONAL RACE ENGINEERING FROM NEW ZEALAND

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CROMWELL, New Zealand, May 14, 2025 /PRNewswire/ — In a sport where split-second decisions define success, Tim White is proving that world-class race engineering knows no borders. Operating from a small New Zealand town, White has established himself as a leading figure in Ferrari’s GT programs, leveraging cutting-edge remote engineering techniques to optimize performance in global endurance racing.

Founder of Elite Race Engineering, White serves as a Performance and Simulation Engineer, where he develops advanced modeling techniques and refines real-time data processing to enhance on-track performance. His use of innovative sensors, aerodynamic tuning, and sophisticated simulation tools has strengthened the team’s technical capabilities, making him a key player in Ferrari’s GT3 programs. Working remotely with Orlando-based Ferrari racing team Triarsi Competizione, White integrates advanced modeling, sensor technology, and data-driven insights to refine the Ferrari 296 GT3. Despite being based in New Zealand, his ability to analyze massive amounts of real-time race data and communicate findings instantly has made him an invaluable asset to teams in IMSA WeatherTech SportsCar Championship and GT World Challenge Asia.

“Motorsport has always been seen as a hands-on, in-person industry, but technology is changing that,” says White. “From New Zealand, I can help optimize race cars competing on the other side of the world in real-time. Distance isn’t a limitation— it’s just another problem to engineer a solution for.” White’s journey began with an automotive mechanics apprenticeship, where he built and maintained race cars for circuit, rally, and hill climb competitions. A pivotal piece of advice from a Kiwi Formula 1 veteran led him to pursue a mechanical engineering degree, despite having no academic record from school. After years of perseverance, he earned a First-Class Honours degree and secured direct entry into a PhD program before pivoting back to motorsport.

His expertise in vehicle dynamics, simulation, and tire modeling took him around the world—working in IMSA, WEC, BTCC, and V8 Supercars, as well as developing software for race strategy and data management. When the COVID-19 pandemic halted racing, White turned to education, writing and presenting online courses on data analysis and race engineering before launching his own consulting business.

With IMSA’s 2025 torque sensor regulations set to revolutionize its GTD-class racing, White’s expertise in powertrain performance and data analysis ensures that Ferrari remains ahead of the curve. His journey—from building homegrown race cars to shaping the future of GT engineering—proves that innovation isn’t about location, but vision.

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SOURCE Elite Race Engineering

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