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Caixin

China's quartet of AI giants walk through the 'valley of death'

SenseTime, Megvii, CloudWalk and Yitu thirst for IPO cash as investors dry up

China's leading artificial intelligence companies are racing to go public even as investor appetite for new stocks wanes, making it hard for these ultra-high-tech firms to find funds needed for sustained growth.

The road to initial public offerings has been rocky for the country's largest AI companies, as the trade and technology faceoff between China and the U.S. complicates prospects. Broader market volatility and loss of patience with AI's commercial outlook also pose challenges.

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