Posted 12/18/2023, 9:30:00 AM
SenseTime Shares Plunge After Sudden Death of Cofounder and AI Expert Tang Xiao'ou
- Chinese AI expert Tang Xiao'ou, cofounder of SenseTime, passed away suddenly, causing SenseTime shares to hit a record low
- Tang was a key figure behind China's facial recognition technology and a controlling shareholder in SenseTime
- His death raises questions around SenseTime's voting structure and leadership going forward
- SenseTime has struggled with declining profits, a short-seller report, and increased competition in the AI space
- Tang's fellow SenseTime cofounders will maintain leadership, but his death is a major challenge for the company