The U.S. government expanded its trade blacklist on Monday to include some of Ch...
- The U.S. government expanded its trade blacklist on Monday to include some of China’s top artificial intelligence startups over Beijing’s treatment of Muslim minorities.
Hikvision has not been allowed to sell to U.S. federal government agencies since mid-August thanks to a law that blocked five Chinese firms as possible security threats because their products could allow access to sensitive systems. John Honovich, founder of surveillance video research company IPVM, said Hikvision and Dahua both use Intel Corp, Nvidia Corp, Ambarella Inc, Western Digital and Seagate Technology as suppliers.SENSETIME GROUP LTD
Its $620 million fundraising in May last year valued the firm at more than $4.5 billion. Fidelity International, Hopu Capital, Silver Lake, and Tiger Global led the financing. The firm said in February it will create an alliance with the Massachusetts Institute of Technology to advance research into AI.Founded in 2011 by Chief Executive Yin Qi and two friends from Tsinghua University, the company is preparing an initial public offering in Hong Kong to raise at least $500 million.
State-owned China Mobile is iFlytek’s largest shareholder with a 12.85% stake, according to its 2018 annual report. The video surveillance equipment maker went public in 2008 and is among five firms which had been barred from selling to U.S. government agencies, along with Hikvision.
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