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-0.0289621882542236 -0.0289621882542236 -0.0289621882542236 -0.0289621882542236 -0.0289621882542236 -0.00643604183427179 -0.00643604183427179 0.00120675784392603
Stock impact report

Founder of Chinese AI firm DeepGlint, an early mover, steps back amid rising losses [Yahoo! Finance]

AGRICULTURAL B/C UNSP/ADR (ACGBY) 
NASDAQ:AMEX Investor Relations: abchina.com/en/investor-relations
Company Research Source: Yahoo! Finance
grapples with widening losses this year amid fresh competition from generative AI firms. Zhao Yong is stepping back from day-to-day operations but retains his role as chairman, according to a corporate filing from the Shanghai-listed company. The 45-year-old entrepreneur holds a 17.55 per cent stake in the company. Before founding DeepGlint in 2013, he worked for Google after receiving a doctorate from Brown University in the US. Wu Yizhou, who joined the company earlier this year as an assistant general manager, has taken over as general manager, according to the filing. Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge , our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. The reshuffling at DeepGlint, known as the first AI stock on the Shanghai Stock Exchange STAR Market, came after the company reported that losses for the year through Show less Read more
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