Chinese AI firm SenseTime has postponed its IPO after a US blacklisting
The Chinese artificial intelligence start-up announced it’s postponing its planned $767 million IPO over human rights concerns in Xinjiang
The US alleges that the company was creating facial-recognition software used in the oppression of Uyghur Muslims
But the company says the accusations are quote “unfounded and reflect a fundamental misunderstanding of our company.”
The firm is planning action to protect its interests, in response to the sanctions..
