News Snapshot:
Chinese artificial intelligence (AI) giant SenseTime Group went public on the Hong Kong Stock Exchange last month, and the stock has surged 86% since then, reported Yicai Global. Before the IPO, SenseTime had raised $5.2 billion in 12 rounds of funding, according to the listing prospectus. But due to high spending on R&D, it was still running at a loss. SenseTime racked up losses of $582 million in the first half last year on revenue of $259.4 million. SenseTime has several applications, including "smart" lifestyle, with Liu Yang, an analyst at Shenwan Hongyuan Securities, predicting AI will accelerate in 2022....
