SenseTime has raised $600 million to develop its artificial intelligence platform at a time when China is targeting global leadership in the field by 2025.
The series-C round of funding will give impetus to the buildout of SenseTime’s AI platform which includes facial and image recognition, autonomous driving, medical imaging and deep learning hardware optimisation.
“The funding will also help us widen the scope for more industrial application of AI, thus increasing the value of SenseTime’s global ecosystem,” Li Xu, SenseTime's co-founder and chief executive officer, said in a statement on Monday.
Such industrial applications dovetail with China’s...
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