Published • loading... • Updated
Chinese AI firm SenseTime denies research firm Grizzly's claim it inflated its revenue
- SenseTime, a major Chinese AI company, denies allegations of inflating revenue and calls the report unfounded and misleading.
- The report accuses SenseTime of using fabrication schemes to inflate sales data and not disclosing hidden entities.
- SenseTime's stock initially dropped but recovered some ground after the allegations. Prominent backers like Alibaba and SoftBank Group have reduced their stakes in the company.
Insights by Ground AI
20 Articles
20 Articles
Chinese AI firm SenseTime denies research firm Grizzly’s claim it inflated its revenue
HONG KONG (AP) — SenseTime, a major Chinese artificial intelligence company, has rejected claims by a research company that it has falsely inflated its revenue. “(SenseTime) believes the report is without merit and contains unfounded allegations and misleading conclusions and interpretations,” the company said in a notice Tuesday to Hong Kong’s stock exchange, after its stocks tumbled more than 9% following the report’s release by short-seller …
Chinese AI firm SenseTime denies research firm Grizzly's claim it inflated its revenue
HONG KONG (AP) — SenseTime, a major Chinese artificial intelligence company, has rejected claims by a research company that it has falsely inflated its revenue. “(SenseTime) believes the report is […]
·Winnipeg, Canada
Read Full Article
Coverage Details
Total News Sources20
Leaning Left6Leaning Right2Center9Last UpdatedBias Distribution53% Center
Bias Distribution
- 53% of the sources are Center
53% Center
L 35%
C 53%
12%
Factuality
To view factuality data please Upgrade to Premium
