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Goldman weighs role with AI firm

Oct 10, 2019 - City A.M.

GOLDMAN Sachs is reviewing its role in the planned listing of a Chinese tech firm that has been blacklisted by the US.

The bank said yesterday that it was looking at its involvement in Megvii Technology's potential initial public offering (IPO).

Megvii, known predominantly for its facial recognition algorithms, is one of 28 Chinese groups to be blacklisted for its alleged involvement in the repression of Muslim minorities.

The US has put 20 Chinese government entities and eight...