Chinese AI Unicorn Giants SenseTime and Megvii Survive US Ban and Makes It Washington’s Entity List!
Chinese AI Unicorn giants SenseTime and Megvii recently escaped the US Ban on Foreign Technology Companies from operating in the country without regulations or US Ownership. The two companies from China are even included in Washington's Entity List in October but are now planning to move away from the surveillance business that services the government.
What Megvii did is to directly purchase from third-party suppliers of the same technology they were prohibited from accessing. Several Chinese startups are using this method to go around the US Entity Ban and even sell their products to American clients and soil.
The surveillance startup companies survived the US' Entity List ban and are still fairing satisfactorily on the global market and even in several of the country's business ventures.
See the full story here: https://www.techtimes.com/articles/253979/20201108/chinese-ai-unicorn-giants-sensetime-megvii-survives-ban-makes-washingtons.htm