📣 SenseTime Shares Tumble After its Co-Founder's Death
posted 18 Dec 2023
Shares of Chinese AI company SenseTime fell by 18% following the demise
of its co-founder, Tang Xiao'ou. A key figure in establishing SenseTime
as a leader in China's AI industry, Tang Xiao'ou had garnered support
from major players like Alibaba.
The decline in share value coincides with ongoing external challenges,
including U.S. sanctions limiting access to crucial technologies and
allegations of revenue inflation. Despite these obstacles, SenseTime
continues its operations and has recently obtained approval to launch
generative AI technology in China.
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