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US Bans American Investment in Chinese AI Company SenseTime Over Rights Concerns

News Snapshot:

https://www.theepochtimes.com/us-bans-american-investment-in-chinese-ai-company-sensetime-over-rights-concerns_4150525.html The United States on Dec. 10 put a ban on American investment in Chinese artificial intelligence ( AI ) firm SenseTime over concerns it’s aiding the Chinese regime’s repression of Uyghurs in Xinjiang . The 7-year-old firm, one of the world’s highest-valued AI startups and leading developer of facial-recognition technology, was placed in the U.S. list of “Chinese military-industrial complex companies,” overshadowing the company’s plans to land Hong Kong initial public offering this month, where it aims to raise $767 million. The U.S. measure forces American investors to divest within 60 days of the announcement. The Treasury Department found…

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