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)

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.

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