Sanctions-hit Chinese facial recognition firm DeepGlint in muted trading debut in Shanghai, with US$1 billion market cap

Source: Tech – South China Morning PostChinese artificial intelligence (AI) company DeepGlint, which once targeted a US$300 billion valuation, made its trading debut in Shanghai on Thursday, but quickly saw its share price decline amid the rout in tech stocks this week.Shares of DeepGlint, which was added to the US government’s trade blacklist in July last year, was down 12 per cent over the past two days, heightening investor concerns about the potential of China’s AI industry. It recorded a market capitalisation of US$1 billion.A…Read More

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