E46: SenseTime founder’s passing & AI companies’ challenges in China

Last weekend, Professor Xiaoou Tang, the founder of sensetime, passed away. As we reflect on the legacy of this pioneering figure, questions arise about the future trajectory of SenseTime, a once-prominent AI company facing turbulent times, especially in China's evolving AI landscape.    In this episode we delve into:  The growth of SenseTime since 2014 to become one of the biggest independent AI company in China; Grizzly reports accusations against SenseTime for engaging in revenue fabrication; The current challenges faced by SenseTime - increasing market competition, tightening data regulations, on-premise deployment requirements, etc.; Lessons to learn from SenseTime’s predicament - importance of product market fit, cautioning against unsustainable cost structures, and pitfalls of meeting growth expectations without a solid foundation.   Featured materials: SenseTime Financial Results    We Believe SenseTime is Artificially (Un)Intelligently Inflating Revenue Through Highly Questionable Revenue Round-Tripping Schemes, Grizzly reports.   https://mmlab.ie.cuhk.edu.hk/