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Published 3 months ago

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.
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