China Now Has the Most Valuable AI Startup in the World

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SenseTime Group Ltd. has raised $600 million from Alibaba Group Holding Ltd. and other investors at a valuation of more than $3 billion, becoming the world's most valuable artificial intelligence startup. The company, which specializes in systems that analyze faces and images on an enormous scale, said it closed a Series C round in recent months in which Singaporean state investment firm Temasek Holdings Pte and retailer Suning.com SenseTime didn't outline individual investments, but Alibaba was said to have sought the biggest stake in the three-year-old startup. With the deal, SenseTime has doubled its valuation in a few months. Backed by Qualcomm Inc., it underscores its status as one of a crop of homegrown firms spearheading Beijing's ambition to become the leader in AI by 2030.


This Chinese Facial Recognition Surveillance Company Is Now the World's Most Valuable AI Startup

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SenseTime Group has raised $600 million from Alibaba Group Holding (baba) and other investors at a valuation of more than $3 billion, becoming the world's most valuable artificial intelligence startup. The company, which specializes in systems that analyze faces and images on an enormous scale, said it closed a Series C round in recent months in which Singaporean state investment firm Temasek Holdings and retailer Suning.com. SenseTime didn't outline individual investments, but Alibaba was said to have sought the biggest stake in the three-year-old startup. With the deal, SenseTime has doubled its valuation in a few months. Backed by Qualcomm (qcom), it underscores its status as one of a crop of homegrown firms spearheading Beijing's ambition to become the leader in AI by 2030.


The billion-dollar, Alibaba-backed AI company that's quietly watching everyone in China

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Most Chinese consumers have likely never heard of SenseTime. But depending on where they live, it might be looking at their faces several times a day. If a person goes shopping at Suning, one of China's largest electronics retailers, it's possible that a camera in the store is tracking her behavior using SenseTime's software. Later, if she opens Rong360, a peer-to-peer lending app, she'll be asked to login using facial recognition--powered by SenseTime. She might send a video of herself to her friends on SNOW, a Snapchat-esque chat app, donning animated sunglasses built by SenseTime.


Alibaba Leads $600M Round In Chinese Artificial Intelligence Start-up SenseTime

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Alibaba Group Holding Ltd. has led a US$600 million series C round in SenseTime, a Beijing-based Chinese artificial intelligence company specializing in facial and image recognition technology and its application. Temasek Holdings and Chinese retailer Suning Commerce Group Co., Ltd also participated in the round, according to SenseTime's announcement on its official WeChat account. SenseTime is valued at US$4.5 billion on China Money Network's China Unicorn Ranking. The firm did not disclose the valuation after the new round. With its AI technology, SenseTime has been favored by investors.


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

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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.