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SenseTime develops AI for use in a wide range of domains, including surveillance, image recognition, and medicine. US and European stocks dropped on Tuesday, and according to a report from Bloomberg, China's Foreign Ministry has hinted at possible retaliation.
Image recognition specialist Megvii was one of the firms added to the US's 'Entity List' on Monday.
Although the DoC's decision is likely to exacerbate US-Chinese tensions over trade, it was revealed Wednesday that the Federal Reserve expressed concerns over the trade war's potential impact on the US economy. A US Hikvision spokesperson said on Monday the company “strongly opposes today’s decision by the US government” and that the move could “hurt Hikvision’s US business partners and negatively impact the US economy,” according to, Hikvision, with a market value of about $42 billion, receives nearly RMB 15 billion (around $2.1 billion) in revenue, or 30% of its total revenue, from overseas. Buzzy Chinese AI startup SenseTime has said it is "deeply disappointed" that the US recently decided to blacklist it.
Visit Business Insider's homepage for more stories. Informations sur votre appareil et sur votre connexion Internet, y compris votre adresse IP, Navigation et recherche lors de l’utilisation des sites Web et applications Verizon Media. The list also includes some of China’s largest artificial intelligence startups such as Sensetime, the world’s most valued AI private company, Alibaba-backed facial recognition firm Megvii, and another facial recognition software maker Yitu, as well as iFlytek, a Shenzhen-listed voice recognition software maker. According to Bloomberg, the DoC added the 28 companies to the blacklist because they are implicated in human rights violations against Chinese Muslims in Xinjiang, western China.
Découvrez comment nous utilisons vos informations dans notre Politique relative à la vie privée et notre Politique relative aux cookies. The Massachusetts Institute of Technology said it is reviewing the university’s relationship with SenseTime, one of eight Chinese tech companies placed on the U.S. Federal Reserve officials were revealed to have voiced concerns over the ongoing trade war's possible effects on the US economy, after minutes from a September meeting were published Wednesday. Being added to the trade blacklist bars entities from buying components and technology from American companies without US government approval. Account active It has raised $1.4 billion to date, including a huge $750 million Series D raise in May that was led by the Bank of China. The story has been updated to include Yitu’s statement in the Details section. When a journalist asked a Chinese Foreign Ministry spokesman if China would retaliate to the blacklisting, he replied "stay tuned," the report said. The financial services firm told BBC News it was weighing up its role "in light of the recent developments.". Major investors are reportedly concerned, too. On Tuesday, the Department of Commerce announced it was adding 28 Chinese firms to its "Entity List" – a trading blacklist which forces US companies to seek government permission before they can do business with any firms listed on it.
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The blacklisting represents an abrupt change in fortune for SenseTime, which became one of the most valuable AI startups in the world in May 2018 after a huge $600 million fundraise saw it valued at $4.5 billion. On Wednesday, a Hikvision spokesman told Reuters that "punishing Hikvision, despite these engagements, will deter global companies from communicating with the US government, hurt Hikvision's US businesses partners and negatively impact the US economy.".
The US Commerce Department on Monday placed 28 Chinese government agencies and companies, including video surveillance gear maker Hikvision and artificial intelligence firms SenseTime and Megvii, on a trade blacklist over Beijing’s alleged treatment of Uighur Muslims and other predominantly Muslim ethnic minorities in the Xinjiang Uighur Autonomous Region. Like SenseTime, the Beijing-based image recognition firm develops image recognition and deep learning for use in commercial and public-sector contexts. Monday’s blacklisting …
The future of China’s largest artificial intelligence company was thrown into question last year when it was blacklisted by the Trump administration. SenseTime, the Chinese AI giant blacklisted by Trump, sees demand surge during coronavirus The Hong Kong-based start-up’s 2020 sales are …
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