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(Bloomberg) SenseTime Group Inc. plunged its most in more than a year after its co-founder’s surprise death spooked investors already grappling with the fallout from slowing growth and US sanctions.Most Read from BloombergUS Frackers Return to Haunt OPEC’s Pricing StrategyDimon’s Heir at JPMorgan Still Hazy as ‘Five More Years’ Tick ByA-Rod’s Slam SPAC Is Said to Plan Merger With Lynk GlobalCanada to Announce 2035 All-EV Sales Mandate, Reports SayNetanyahu, Under Pressure Over Hostage Deaths, ....
SenseTime: The Chinese firm’s growth however has slowed dramatically in the face of rapidly intensifying competition. The US government blacklisted the company in 2019 on allegations related to human rights violations in Xinjiang. That restricted its access to capital and crucial US tech components, compounded in recent months by new curbs on the sale of advanced AI chips and chipmaking equipment to Chinese firms. ....
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. ....
SenseTime Group Inc, a Chinese AI firm, experienced a significant drop in its stock price following the unexpected death of co-founder Tang Xiao'ou. T ....