📣 SenseTime Shares Tumble After its Co-Founder's Death

posted  18 Dec 2023
Photo - SenseTime Shares Tumble After its Co-Founder's Death
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.