SenseTime Plunges After Death of China AI Firm’s Co-Founder
- The AI industry pioneer died of an undisclosed illness
- Investors already uncertain about US sanctions, AI prospects
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SenseTime Group Inc. plunged its most in more than a year after its co-founder’s death spooked investors already grappling with the fallout from slowing growth and US sanctions.
The Chinese AI firm slid as much as 18% in Hong Kong before recouping some of those losses to finish Monday 11% lower.