Chinese AI firm, SenseTime, postpones IPO after being placed on the US blacklist

• SenseTime postponed its Hong Kong IPO worth $767 million

• Washington categorized the AI firm as one of the "Chinese military-industrial complex companies”

Chinese artificial intelligence (AI) company, SenseTime, postponed its Hong Kong initial public offering (IPO) worth $767 million, on Monday, after being placed on a U.S. investment blacklist.

Washington categorized SenseTime as one of the "Chinese military-industrial complex companies. The US Treasury Department placed the firm along with 25 other individuals and entities on a list that bans U.S. citizens from investing in companies that support Chinese military development.