HONG KONG -- iFlytek, China's leading artificial intelligence technology developer, said it expects to swing to a loss of as much as $65 million for the first half of the year, blaming heavy investments made under "ultimate" pressure from Washington.
China tech
China AI leader iFlytek dips into red under 'ultimate' U.S. pressure
Blacklisted voice recognition developer vows to cement its 'national team' position
iFlytek's finances are under pressure as the developer faces intense competition in the AI space, worse-than-expected monetization prospects and rising operating costs, an analyst says. © Reuters
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