Founder of Chinese AI giant SenseTime succumbs to unknown illness amid US short-seller accusations

THE billionaire founder of China artificial intelligence (AI) giant SenseTime, Silk Xiao'ou, has pass far due has not revealed health problems.

What Arrived: Silk deceased on Friday. THE cause of the death, according to has A statement released by SenseTime, was unspecified "health problems". THE the company statement cry THE loss of their beloved founder, A renowned AI scientist, And teacher has THE Chinese University of Hong Kong. THE nature of The Tangs disease remains not revealed, reported Business Insider on Saturday.

SenseTime, A partially state-owned business based In 2014, East recognized as A controversial AI farm. With direct Connections And funding Since THE Chinese government, he became THE of the world most precious AI to start up, development technologies such as facial care acknowledgement And object detection.

THE news of The Tangs the death follows recent accusations do by Based in the United States short seller grizzly Research In November. THE AI farm was accused of swell It is income through "very questionable income round trip diagrams”. Despite SenseTime deny these allegations, THE the company action fell almost ten%, add has It is cumulative losses of more that 40% This year And on 80% Since It is IPO.

HAS THE time of her the death, The Tangs net value was estimated has $1.1 billion, entirely assigned has her actions In SenseTime.

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For what He Imported: SenseTime journey In recent years has has been spectacular. THE business joined THE AI chatbot frenzy In April, launch It is SenseNova AI architecture And SenseChat, It is version of ChatGPT. This move was seen as A answer has THE AI chatbot launches by technology giants as Baidu And Ali Baba Band Holding Ltd. BABA.

However, SenseTime share price did not follow THE to the top orient yourself seen In other major names In artificial intelligence. Following THE release of It is AI tools, THE the company action has has been on A down spiral. In July 2023, Ali Baba got out SenseTime, breeding questions about THE the company future.

With THE the death of It is founder And THE in progress controversial around It is finances, THE future of SenseTime remains uncertain.

Price Action: SenseTime actions were seen trade 12.7% lower has CHF 1.1 ($0.14) has THE time of editing In Hong Kong.

Photo Courtesy: Rafapress On Shutterstock.com

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