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The Independent UK
The Independent UK
National
Zen Soo

Chinese AI firm SenseTime denies research firm Grizzly's claim it inflated its revenue

Copyright 2023 The Associated Press. All rights reserved

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

“(SenseTime) believes the report is without merit and contains unfounded allegations and misleading conclusions and interpretations,” the company said in a notice Tuesday to Hong Kong's stock exchange, after its stocks tumbled nearly 10% following the report's release by short-seller Grizzly Research LLC.

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