SenseTime’s facial recognition software is credited as the first to beat the human eye. Since that breakthrough seven years ago, China’s largest artificial intelligence company has developed an impressive array of products. The loss of an important source of funding due to US-China tensions threatens to derail its growth.
The US has put SenseTime on an investment blacklist, just as it was due to price its Hong Kong listing. Washington says SenseTime enables human rights abuses against Muslim Uyghurs in Xinjiang.
The move should delay the company’s initial public offering, which was expected to generate broad interest from global investors. After all, SenseTime has a new risk to acknowledge.
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