Smart Buildings

SenseTime Transformation: Gen AI Powered 64% of Revenue in 2024

In this Research Note, we examine the Chinese AI company, SenseTime, in the context of the smart buildings sector. We assess the group’s strategic pivot away from smart city business towards generative AI and digital transformation initiatives before highlighting 2024 results by business segment, based on 2023 and 2024 annual report announcements and investor presentations. SenseTime Restructuring & Strategic Realignment Following an IPO on the Hong Kong Stock Exchange in December 2021, organizational restructuring and layoffs have been initiated by SenseTime over the past three years, as the company tackles its widening losses. The group has also realigned its strategic focus on generative AI. Strategic Reduction in Smart City Business In a business reorganization in 2023, SenseTime grouped its non-generative AI businesses of Smart City, Smart Business, and Smart Life into the Traditional AI segment. Given the rapid growth of the Generative AI business, combined with the strategic pivot towards other segments, the share of […]

Stay ahead of the pack

with the latest independent smart building research and thought leadership.

Have an account? Login

Subscribe Now from just $400 per year per user for Access to Quality Independent Smart Building Research & Analysis!

What Exactly Do you Get?

  • Access to Website Articles and Notes. Unlimited Access to the Library of over 2000 Articles Spanning 10 Years.
  • 10% discount on ALL Memoori Research reports for Subscribers!
  • Industry-leading Analysis Every Week, Direct to your Inbox.
  • AND Cancel at any time
Subscribe Now

Most Popular Articles

Verdigris Energy Management 2025
Energy

Verdigris: Comprehensive Review of the Energy Management Platform in 2025

This Research Note takes an in-depth look at Verdigris, provider of a hardware-enabled SaaS energy management solution for commercial and industrial buildings. We examine the company offerings, disclosed funding, deployments, and partnerships before providing a Memoori view on the firm. Verdigris Profile Co-founded in 2010 by Mark Chung, CEO, Verdigris Technologies Inc. is headquartered at […]

Learnd Buy Build Strategy
Smart Buildings

learnd’s Strategic €48.5M Management Buyout Signals New Growth Phase

This Research Note examines learnd SE, a Luxembourg public company, which announced on 24th September 2025, that the founders have taken a majority stake and are to take the company private. We explore the transaction details, learnd’s history and buy and build strategy followed by the implications of the organizational change and a Memoori view. […]

AI Employee Onboarding Agent for Smart Building Companies
Smart Buildings

Build an AI Agent for Employee Onboarding in Smart Buildings!

Employee onboarding in the smart building tech sector presents significant challenges. New hires can arrive with IT backgrounds but lack industry-specific knowledge about the stakeholder ecosystem, market dynamics, and different commercial building types and their specific requirements. But what if your next hire could master smart building fundamentals in weeks, not months? What if they […]

Subscribe to the Newsletter & get all our Articles & Research Delivered Straight to your Inbox.