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Subscriber OnlyWealthSenseTime’s Red-Hot Debut Makes Professor One of World’s Richest People at $4 BillionThe AI leader climbs as much as 23% before settling backThe Chinese startup remains hobbled by American sanctionsWATCH: SenseTime CEO Xu Li spoke to Bloomberg in early December, prior to sanctions from the Biden administration.Source: BloombergByVenus Feng+FollowDecember 30, 2021, 4:07 AM UTCUpdated onDecember 30, 2021, 8:36 AM UTCSenseTime Group Inc. co-founder Tang Xiao’ou has become one of the world’s richest people, after the Chinese AI champion blew past concerns about American sanctions to surge as much as 23% on its Hong Kong debut.The Massachusetts Institute of Technology alum’s wealth has jumped by $300 million to roughly $3.7 billion after SenseTime ended Thursday 7.3% above its initial public offering price, according to the Bloomberg Billionaires Index.
