Chinese AI firm SenseTime denies research firm Grizzly’s claim it inflated its revenue ...Middle East

News channel - News
Chinese AI firm SenseTime denies research firm Grizzly’s claim it inflated its revenue
By ZEN SOO Associated Press HONG KONG (AP) — SenseTime, a major Chinese artificial intelligence company known for its facial recognition technology, has rejected claims by a research company that it has inflated its revenue. SenseTime said in a notice to Hong Kong’s stock exchange that the allegations made by short-seller Grizzly Research LLC were “without merit.” SenseTime’s stock plunged nearly 10% after Grizzly released the report. Its shares were down 6.3% by Tuesday afternoon. Grizzly’s report said SenseTime uses revenue fabrication schemes to inflate its sales, among other allegations. The U.S. government blacklisted SenseTime in 2019, saying Chinese authorities use its facial recog

Hence then, the article about chinese ai firm sensetime denies research firm grizzly s claim it inflated its revenue was published today ( ) and is available on News channel ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Chinese AI firm SenseTime denies research firm Grizzly’s claim it inflated its revenue )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in News