SenseTime Founder Tang Xiao'ou Dies at 55, Leaving China's AI Giant in Mourning
TL;DR Summary
Tang Xiao'ou, the billionaire founder of China's AI giant SenseTime, has passed away at the age of 55 due to undisclosed "health issues." SenseTime, once the world's most valuable AI startup, has recently faced accusations of artificially inflating its revenue. The company develops AI technologies such as facial recognition and object detection. Tang's death comes amidst a decline in SenseTime's stock following the allegations made by US-based short-seller Grizzly Research. At the time of his death, Tang had a net worth of $1.1 billion, solely from his shares in SenseTime.
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