The Most Valuable Artificial Intelligence Startup in the World Just Raised $600 Million

The artificial intelligence industry just recorded its largest funding round in history. SenseTime, a Chinese startup that specializes in facial recognition, announced Monday that it has raised $600 million in Series C funding--making it the most highly valued artificial intelligence startup in the world. The company reportedly has a valuation higher than $4 billion, according to Bloomberg. Chinese e-commerce giant Alibaba Group led the round. SenseTime provides facial-recognition technology used in various fields from security to fintech.