American torpedo SenseTime IPO

This Chinese AI pioneer is delaying its listing in Hong Kong after being blacklisted.

touch. Contact. Link. In the increasingly intense battle between the two world powers, the United States has forced a major Chinese artificial intelligence company to postpone its listing on the Hong Kong Stock Exchange. While its first listing was supposed to take place next Friday, SenseTime finds itself having to suspend the process that was allowing it to raise $767 million and reimburse payments from investors who have already signed up for the show.

Founded in 2014 by researcher Xiaoou Tang at the Chinese University of Hong Kong, SenseTime has within a few years become one of the most valuable AI startups in the world, backed by giants like Alibaba, Softbank or Qualcomm. his specialty? Very advanced technologies for facial and image recognition, used in many applications: smart cities, cars for self-driving, commerce, finance, entertainment, etc.

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