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...This comes as SenseTime battles a slumping share price and falling revenues from its core domestic surveillance business. SenseTime said it “has been actively engaged in Neom”....
...In some cases, SenseTime bought advanced chips directly through its own subsidiaries that are not on Washington’s “entity list”, according to three senior employees familiar with the situation....
...SenseTime Group’s shares sank on Monday after the co-founder’s death sparked a sell-off....
...Shares in SenseTime sold off following the release of a short seller report targeting the Chinese artificial intelligence group....
...Its star-studded alumni list includes Alibaba chief technology officer Wang Jian, SenseTime chief Xu Li, and Yin Qi, head of the AI group Megvii....
...Alibaba and SenseTime are among the top Chinese groups to have secured deals worth hundreds of millions of dollars with Saudi Arabia over the past three years, in exchange for setting up joint ventures in...
...“SenseTime needs a dramatic catalytic event in the company to turn its share price around,” he said. Shares in SenseTime have dived more than 75 per cent since June 2022....
...The White House declined to comment on SenseTime or the sanctions. The Treasury declined to comment. SenseTime did not immediately respond to a request for comment....
...But Baidu and SenseTime can at least count on Beijing keeping US rivals out of their home market....
...The fintech giant has joined domestic peers including Baidu, SenseTime and ByteDance in the competition to lead the development of next-generation AI technology....
...Tencent’s announcement comes after domestic peers including Baidu, ByteDance and SenseTime cleared regulatory hurdles and opened up access to their self-developed ChatGPT-like services to the public....
...Chinese surveillance group SenseTime and Meituan-backed AI start-up Zhipu also launched their chatbots. Shares in Baidu rose 2 per cent, while those in SenseTime increased 3.3 per cent....
...SenseTime, Baidu, ByteDance, voice recognition company iFlytek and AI start-up Zhipu have since released their chatbots to the public....
...Alibaba and SenseTime are among the top Chinese groups to have secured deals worth hundreds of millions of dollars with Saudi Arabia over the past three years in exchange for setting up joint ventures in...
...Baidu’s shares have risen more than 15 per cent from the start of the year, while SenseTime is up nearly 50 per cent. Alibaba’s shares rose 1.5 per cent in Hong Kong on Tuesday....
...Another block of shares owned by its shareholders will expire by December 29, according to SenseTime filings....
...“Today’s [SenseTime] selling appears to be purely a function of the lock up expiry,” said Brian Freitas, an analyst with Periscope Analytics....
...They included search business Baidu and SenseTime, which specialises in facial recognition. Their products lag behind those available in the west....
...SenseTime plunges as lock-up endsShares in China’s most valuable artificial intelligence company SenseTime plunged more than 50 per cent in Hong Kong as its lock-up period expired and some pre-IPO investors...
...SenseTime gained as much as 11.5 per cent in morning trading after the announcement of its addition to the index, which will take effect from March 7....
...Memorably, it added image-recognition specialist SenseTime to the list on the eve of its Hong Kong initial public offering just over a year ago, almost wrecking the deal, which eventually raised about $740mn...
...Like many of its AI peers, SenseTime is yet to turn a profit....
...It is understandable SenseTime is rushing its listing through. But the damage may already have been done....
...Vision Fund portfolio companies hit hardest included previous star performers such as Coupang, SenseTime, DoorDash, AutoStore and WeWork....
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