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Big Tech acquihiring AI startups, like Meta's Scale AI deal, gives VCs only modest returns compared to traditional exits and may entrench Big Tech's dominance (Parmy Olson/Bloomberg)

Parmy Olson / Bloomberg : Big Tech acquihiring AI startups, like Meta's Scale AI deal, gives VCs only modest returns compared to trad...

28 November 2023

Shares of SenseTime fell as much as 9.7% in Hong Kong, after a short seller accused the AI company of inflating its revenue; SenseTime refutes the allegations (Sarah Zheng/Bloomberg)

Sarah Zheng / Bloomberg:
Shares of SenseTime fell as much as 9.7% in Hong Kong, after a short seller accused the AI company of inflating its revenue; SenseTime refutes the allegations  —  - Report is ‘without merit’, Shanghai-based AI developer says  — Company is building a ChatGPT-like conversation bot for China

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