SenseTime shares tumble as much as 14% after AI fi
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Posted On: 12/18/2023 6:47:00 AM
SenseTime shares tumble as much as 14% after AI firm’s founder dies
Shares of artificial intelligence company SenseTime
plunged as much as 14.2% after the company announced the death of its founder, Tang Xiao’ou, on Sunday.
In a filing to the Hong Kong Exchange, SenseTime said that Tang died due to “health issues” on Dec. 15.
In a separate announcement, SenseTime said that the business operations of the company will continue to be led by executive chairman and CEO Xu Li, and Tang’s death is not expected to have a material impact on the business of SenseTime.
Shares of artificial intelligence company SenseTime
plunged as much as 14.2% after the company announced the death of its founder, Tang Xiao’ou, on Sunday.
In a filing to the Hong Kong Exchange, SenseTime said that Tang died due to “health issues” on Dec. 15.
In a separate announcement, SenseTime said that the business operations of the company will continue to be led by executive chairman and CEO Xu Li, and Tang’s death is not expected to have a material impact on the business of SenseTime.
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