Thursday, June 30, 2022

Chinese AI startup SenseTime's shares dropped over 50% to HK$2.90 ($0.37), their lowest-ever level and well below IPO price, after a lock-up period expired (Cheng Leng/Financial Times)

Cheng Leng / Financial Times:
Chinese AI startup SenseTime's shares dropped over 50% to HK$2.90 ($0.37), their lowest-ever level and well below IPO price, after a lock-up period expired  —  China's most valuable AI company has been blacklisted by Washington over its facial recognition technology



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Bloomberg : Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each;...