Li Qiang, Vice-Premier Ding Xuexiang among Chinese leaders paying respects to the leading facial recognition expert and SenseTime co-founder, who died Friday.
What happened with SenseTime reflects how growing animosity between the US and China is catching Hong Kong in the crossfire between the world’s two largest economies.
SenseTime Group shares plunged to record lows on Monday following the passing of co-founder Tang Xiao’ou, in the latest blow to the ailing artificial intelligence giant.
Tang’s academic career at CUHK began in 1998, and he mentored many accomplished engineers and computer scientists, who would go on to spur China’s lead in artificial intelligence.
China’s AI industry may triple to 453.26 billion yuan in value by 2025 from last year, while a broader AI-driven industry may be as large as 1.66 trillion yuan, which underscores the strategic importance of the field in the Made in China 2025 industrial master plan.