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China-based AI company pushes back against accusations of revenue-inflation

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( ) -q-21- UNDATED (Correspondent Jeremy House) “among other allegations.”

SenseTime, a major Chinese artificial intelligence company has rejected claims by a research company that it has inflated its revenue.

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Out-cue: among other allegations]

TAG: Correspondent Jeremy House reporting. The U.S. government blacklisted SenseTime in 2019, saying Chinese authorities use its facial recognition technology against the Uyghur ethnic minority in the northwestern Xinjiang region.

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VERBATIM: SenseTime, which is known for its facial recognition technology, says the allegations made by short-seller Grizzly Research LLC were “without merit.” SenseTime’s stock plunged nearly 10% after Grizzly released the report. Grizzly’s report said SenseTime uses revenue fabrication schemes to inflate its sales, among other allegations.

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