Chinese artificial intelligence firm SenseTime raised $712 million in its Hong Kong initial public offering after pricing shares at about 49 cents, the company announced Wednesday. The IPO price was at the low end of its expected price range, which had a maximum price of 51 cents per share. The shares are expected to be publicly listed beginning Thursday at 9:00 a.m. Hong Kong time, or 8:00...
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Live from SF, It’s Tech Week
Hi, welcome to your Weekend.It was the boom-iest of times, it was the doom-iest of times. At least that’s how it feels right now in Dickensian San Francisco, where AI companies are setting up shop on every avenue, while fentanyl dealers are hanging out in every alley. I joke—but seriously, it’s wild out here. No fewer than 17 of the 35 startups listed on The Information’s new Generative AI...
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