Will Knight / Wired:

China’s AI unicorns like Megvii, which thrived on government contracts for facial recognition, are now facing challenges amid US sanctions and cheaper tech  —  Companies such as Megvii thrived on government contracts for facial recognition, but they face challenges from US sanctions to cheaper tech.

China's AI unicorns like Megvii, which thrived on government contracts for facial recognition, are now facing challenges amid US sanctions and cheaper tech (Will Knight/Wired)
Source: Tech Meme