The shares of SenseTime, a specialist in the development of Artificial Intelligence, fell more than 11% this Monday on the Hong Kong Stock Exchange, after the Chinese company confirmed the death last Friday of Tang Xiao’ou, co-founder of the company. company.

“It is with great sadness that we announce the passing of Professor Tang Xiao’ou, our beloved founder, a renowned artificial intelligence (AI) scientist, director of the Pujiang Laboratory, director of the Shanghai AI Laboratory and professor at the Chinese University of Hong Kong.” , the company announced, specifying that the death took place “due to health problems on December 15, 2023 at 11:45 p.m.”

Born in 1968 and considered one of the pioneers of AI in China, he participated in the founding of the company SenseTime in 2014, which debuted on the Hong Kong Stock Exchange two years ago.

SenseTime shares fell more than 18% on the Hong Kong stock market this Monday, although towards the end of the second part of the session they managed to offset their losses to just over 11%.