AI Unicorn SenseTime to Build Innovation Center in Shenzhen

Alibaba Holdings Ltd.-backed artificial intelligence start-up SenseTime Co. will build an innovation center in Shenzhen in southern Guangdong province after coming to an agreement with a real estate developer in the city. The firm, also headquartered in the city, will cooperate with China Merchants Shekou Industrial Zone Holdings Co. on construction and use the center to develop innovations related to AI, Internet of Things and Big Data, the company said in a press briefing yesterday. China Merchants Shekou will provide resources including services, equipment, technology and personnel, while SenseTime will create an AI platform for enterprises located in China Merchants Shekou industrial parks. The two parties will also work together on promoting practical applications of AI technology in the healthcare sector among others. Founded in 2014, Sensetime specializes in AI technology research and development related to facial recognition, driving automation and medical imaging products.