36Kr (NASDAQ: KRKR) stock plunged in early Monday trade following its collaboration with SenseTime for AI media innovation.
36Kr, a prominent Chinese media and technology company, has announced a strategic partnership with SenseTime, a leading artificial intelligence (AI) firm, to integrate Artificial General Intelligence (AGI) technology into its media operations. This collaboration seeks to enhance content production and explore new commercial opportunities.
Through this partnership, 36Kr will leverage SenseTime’s advanced AI tools such as “SenseChat” and “SenseMirage” to streamline content creation processes, achieving higher efficiency and cost savings. Moreover, SenseTime’s SenseNova 5.0 Large Model Series integration will enable 36Kr to introduce innovative AI-driven products like “AI Media Coverage” and “AI Financial Report Interpretation.”
These technological advancements will enable 36Kr to serve a broader and more diverse range of enterprise customers, a task previously challenging due to resource limitations. The company also plans to explore digital avatar technology with SenseTime to develop advanced AI marketing solutions.
Mr. Dagang Feng, Co-chairman and Chief Executive Officer of 36Kr, expressed his enthusiasm about the partnership, stating:
“Our strategic partnership with SenseTime once again demonstrates 36Kr’s acumen in frontier technology and foresight for innovation. In collaboration with SenseTime, we will continuously explore multi-scenario applications of AGI technology to integrate large-scale AI model technologies into the media industry, enhancing our content production capabilities and commercialization efficiency.”
36Kr (NASDAQ: KRKR) Stock Reaction
As of 10:11 a.m. (Eastern Time) Monday, KRKR stock traded at $0.3526, marking an 11.85% decrease compared to the previous trading session.
Edward Cooke is a financial analyst, freelance writer, and editor. He has six years of experience in financial journalism. He has an in-depth understanding of equities markets, tracking major indices and providing real-time analysis on stock price movements, corporate earnings, and market sentiment.
