Chinese artificial intelligence (AI) powerhouse SenseTime is on a fast track to turn a profit thanks to its strategy of spinning off noncore operations as well as support from Beijing, CEO Xu Li said. In an interview with the Post on Friday, Xu said SenseTime’s 1+X strategy, where “1” refers to its core AI business and “X” encompasses other ventures, is paying off as the company’s first-half adjusted loss narrowed by 50 per cent from a year earlier. “The speed of narrowing losses will only...