Posted 12/17/2023, 7:32:00 AM
SenseTime Founder Tang Xiao'ou Dies at 55 Amid Revenue Questions for China's Top AI Startup
- Tang Xiao'ou, billionaire founder of AI company SenseTime, died at age 55 of undisclosed "health issues"
- Founded in 2014, SenseTime is China's most valuable AI startup with government backing
- Tang's death comes weeks after short-seller accused SenseTime of inflating revenue
- Report alleged SenseTime engaged in "questionable revenue round-tripping schemes"
- At time of death, Tang had $1.1B net worth from his SenseTime shares, now fallen 80% since IPO