Chinese artificial intelligence champion SenseTime, known as a provider of AI systems for governments and companies, is now venturing into foreign consumer markets, initially Japan and South Korea.
The sudden death of Tang Xiao'ou, a key figure behind China's facial recognition technology and a cofounder of SenseTime Group, is the latest challenge to face the US-sanctioned artificial intelligence (AI) giant, with its shares losing 11 per cent in Hong Kong on Monday. Shares of SenseTime, once held up as a model of China's AI capabilities thanks to the strong research credentials of Tang, a professor with the Chinese University of Hong Kong, have dropped to their lowest-ever level since its
China stocks extended their
drop on Monday, following five weekly losses, as risk sentiment
remained weak after recent data showed sluggish economic
recovery and policy signals from a top meeting.