Chinese artificial intelligence company SenseTime is experiencing a continuous reduction in shareholding by its major shareholders. The company—hit by U.S. sanctions over Uyghur concerns—has accumulated losses of 43.83 billion yuan (about $6.14 billion) in the past five years. The company joins Megvii Technology, Yitu Technology, and Cloudwalk Technology as part of China’s four “AI dragons.”…

Chinese artificial intelligence (AI) firm SenseTime Group said on Dec. 20 that it will relaunch the $767 million Hong Kong ($98.3 million) initial public offering a week after the United States bans American investment in the company. SenseTime kept its target of selling 1.5 billion shares at a price between HK$3.85 ($0.49) and $HK3.99 ($0.51)…

Bitcoin hitting a supply milestone after more than a decade. Will its price get impacted? good or bad news, and for who? A Chinese company known for facial recognition delays its Hong Kong IPO — after being hit by another U-S blacklist. And Time magazine naming Tesla Chief Elon Musk “Person of the Year” for…

Chinese artificial intelligence start-up SenseTime Group Inc. postponed its $767 million Hong Kong initial public offering (IPO) on Monday after being placed on a U.S. investment blacklist. SenseTime said it remained committed to completing the offering and would publish a supplemental prospectus and an updated listing timetable. Reuters first reported earlier on Monday the company’s…

The United States on Dec. 10 put a ban on American investment in Chinese artificial intelligence (AI) firm SenseTime over concerns it’s aiding the Chinese regime’s repression of Uyghurs in Xinjiang. The 7-year-old firm, one of the world’s highest-valued AI startups and leading developer of facial-recognition technology, was placed in the U.S. list of “Chinese…

The United States on Dec. 10 put a ban on American investment in Chinese artificial intelligence (AI) firm SenseTime over concerns it’s aiding the Chinese regime’s repression of Uyghurs in Xinjiang. The 7-year-old firm, one of the world’s highest-valued AI startups and leading developer of facial-recognition technology, was placed in the U.S. list of “Chinese…

The United States on Dec. 10 put a ban on American investment in Chinese artificial intelligence (AI) firm SenseTime over concerns it’s aiding the Chinese regime’s repression of Uyghurs in Xinjiang. The 7-year-old firm, one of the world’s highest-valued AI startups and leading developer of facial-recognition technology, was placed in the U.S. list of “Chinese…