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"Chinese investors are more cautious about investment. They no longer chase those hotbeds but start to think about business sustainable in the long term," said Xu.

"Cube draws great interests and good feedbacks from system integrators, governmental authorities," said Hans Yu, founder of Counect International. The device has been used by the Malaysian government to monitor sales and taxation in addition to utilization in more than 60 Chinese cities, added Yu.

"Customers are no longer categorized in traditional silos like age groups or professions, but the true 'social circles' they belong to," she said. "The troves of data are critical to constructing content and marketing to make our offerings unique."

"Compared to the demands of application scenarios for AI algorithms, the supply is less than 1 percent," Yin said. That is especially the case when it comes to facial recognition technology's application industries such as transportation and finance, which have stringent demands for precision, security and safety.

"Chu Chu was an excellent software engineer in our developer product team. We are devastated to learn of her passing, and our deepest condolences are with her family and friends," a Google spokesperson said.