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. 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. Huawei's Harmony OS: a third major mobile operating system? Nos partenaires et nous-mêmes stockerons et/ou utiliserons des informations concernant votre appareil, par l’intermédiaire de cookies et de technologies similaires, afin d’afficher des annonces et des contenus personnalisés, de mesurer les audiences et les contenus, d’obtenir des informations sur les audiences et à des fins de développement de produit. Wei Sheng is a Beijing-based reporter covering hardware, smartphone, and telecommunications, along with regulations and policies related to the China tech scene. When a journalist asked a Chinese Foreign Ministry spokesman if China would retaliate to the blacklisting, he replied "stay tuned," the report said. Major disruption at Okex, Filecoin strike: Blockheads, INSIGHTS | Data localization is going global, Proudly powered by Newspack by Automattic. 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. 28 Chinese government agencies and companies, Nio, Xpeng, Li Auto: your cheat sheet to China's listed Tesla rivals, EV maker Byton CEO departs amid restructuring: report, China Tech Investor: Xiaomi’s resilience, with Bryan Ma, Zoom will be local version-only for Chinese users. Latest news and trends about tech in China. 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. A similar move against Chinese telecommunications equipment maker Huawei has forced the companies to lower revenue forecasts by. In a statement on its website published Tuesday, the firm — which develops image recognition and surveillance tech for use in industries including medicine and transportation — said it "will work closely with all relevant authorities to fully understand and resolve the situation.". Vous pouvez modifier vos choix à tout moment dans vos paramètres de vie privée. A leading-edge research firm focused on digital transformation. The future of China’s largest artificial intelligence company was thrown into question last year when it was blacklisted by the Trump administration. 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. Sign up to 10 Things in Tech You Need to Know Today. Buzzy Chinese AI startup SenseTime has said it is "deeply disappointed" that the US recently decided to blacklist it. SenseTime and Megvii are trying to reduce their reliance on American software and circuitry by developing their own chips. SenseTime is the second-most valuable artificial intelligence startup in the world, with investments from tech giants SoftBank and Alibaba and a private market valuation of … Subscriber Today, SenseTime is thriving with growing demand for its facial recognition software, especially as local governments in China adopt its technology to battle the coronavirus. Before joining TechNode, he wrote about... Pour autoriser Verizon Media et nos partenaires à traiter vos données personnelles, sélectionnez 'J'accepte' ou 'Gérer les paramètres' pour obtenir plus d’informations et pour gérer vos choix. It’s unclear how those investments will be affected by the blacklist designation, which will also affect these companies' relationships with US-based sensor and chip suppliers, including Qualcomm and Nvidia. Visit Business Insider's homepage for more stories. Image recognition specialist Megvii was one of the firms added to the US's 'Entity List' on Monday. Chinese AI startup SenseTime has said it is "deeply disappointed" that it was added to a US government blacklist that makes it harder for them to trade with US firms. Amid the wave of disappointing tech IPOs in 2019, one major investor, Goldman Sachs, is reportedly reviewing its involvement in Megvii's planned listing after the tech firm was put on the list. SenseTime, the Chinese AI giant blacklisted by Trump, sees demand surge during coronavirus The Hong Kong-based start-up’s 2020 sales are … US and European stocks dropped on Tuesday, and according to a report from Bloomberg, China's Foreign Ministry has hinted at possible retaliation. as well as other partner offers and accept our. Harrison Jacobs/Business Insider, Another of the blacklisted firms, Hikvision, has also expressed dismay at the DoC's decision. Details: The organizations added to the so-called “Entity List” include the Xinjiang Uighur Autonomous Region People’s Government Public Security Bureau, 19 subordinate government agencies, and eight commercial firms across China, according to a Commerce Department filing. 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 … The future of China’s largest artificial intelligence company was thrown into question last year when it was blacklisted by the Trump administration. TechCrunch fait partie de Verizon Media. 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. 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. Context: The move comes as two of the AI startups have started their plans to go public on China’s Nasdaq-style tech board and the Hong Kong Stock Exchange. The story has been updated to include Yitu’s statement in the Details section. Like SenseTime, the Beijing-based image recognition firm develops image recognition and deep learning for use in commercial and public-sector contexts. The company, Yitu shares Sensetime’s attitude towards the US sanctions, adding that the company wishes to be treated by the US government fairly, according to a, Megvii has in August filed in Hong Kong to conduct an initial public offering targeting proceeds of at least $500 million, according to, Shanghai-based Yitu is also considering a listing on China’s Star Market as early as this year, Bloomberg, Sensetime has opted out of operations in Xinjiang by selling out its 51% stake in a security joint venture in the region, the. Read more: China piled up more than 100 tons of gold as a buffer against Trump's trade war. 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. SenseTime develops AI for use in a wide range of domains, including surveillance, image recognition, and medicine.