Chinese artificial intelligence startup SenseTime is on track to raise up to $767 million in a Hong Kong initial public offering, down from an earlier target of $2 billion, Reuters said. China’s biggest artificial intelligence firm, which is on a U.S. government technology blacklist, is going ahead with its IPO despite a lackluster market and questions arising from new possible Chinese...
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Pinterest’s Tardy CEO Shakeup
What timing! No one could say they were surprised that Ben Silbermann is stepping down as CEO of Pinterest—that’s something we’ve expected for a while. After all, while he and his co-founder, Evan Sharp, built the business into a public company worth $13 billion—even after the stock plunge of recent months—Silbermann lately has been grappling with falling user numbers in the U.S. No, what is...
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Pinterest’s Silbermann Steps Down
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