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SenseTime approved for potential $2B facial recognition IPO in Hong Kong

November 23, 2021
Source: biometricupdate.com biometricupdate.com
News Snapshot:
SenseTime approved for potential $2B facial recognition IPO in Hong Kong SenseTime has been approved for an initial public offering on the Hong Kong stock exchange that could bring in up between $1 billion and $2 billion to fuel the expansion of its facial recognition and other artificial intelligence capabilities. South China Morning Post refers to SenseTime as China’s largest AI company, and notes that its software was used by more than 2,400 customers as of mid-2021. Company filings also show that it supplies AI technology to more than half of the Fortune 500, and has more than 8,000 AI...
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