Reuters reported exclusively that Chinese artificial intelligence (AI) start-up SenseTime, which Washington put on a trade blacklist in October, expects its 2019 revenue to increase by more than 200% year-on-year to around $750 million. This suggests strong demand for SenseTime’s technology, which has been used by smartphone makers Xiaomi and Oppo as well as China Mobile and Alibaba Group, despite the ban since October on it buying certain components from U.S. firms without government approval.
Reuters exclusively reports Chinese AI startup SenseTime expects 200% increase in revenue despite U.S. ban
06 December 2019, 12:00 am 1 minute
Type: Reuters Best