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Qualcomm invests in Chinese AI facial recognition startup SenseTime

#artificialintelligence

BEIJING (Reuters) - Chinese artificial intelligence (AI) startup SenseTime Group said on Wednesday it has sealed an investment from chipmaker Qualcomm Inc as part of a funding round that will close later this year. SenseTime and Qualcomm had announced a strategic tie last month to collaborate on AI, which will see SenseTime's proprietary algorithms deployed in smart devices. Qualcomm, in a statement, confirmed the investment in SenseTime. The two firms did not disclose the size of the investment. Reuters reported earlier in November that SenseTime plans to raise about $500 million in a new funding round, in what would be the biggest ever such fundraising by an AI startup.


Qualcomm invests in Chinese AI facial recognition startup SenseTime

#artificialintelligence

Whilst these technologies have exciting potential, are we overlooking the human and ethical dimensions of data and its uses? Join us on campus to hear leading UTS academics - along with industry and government speakers - discuss the evolving challenges and opportunities at play in our increasingly data-rich world. This UTS Conversation on Humans, Data, AI & Ethics will feature thought-provoking panel discussions, TED-style talks and poster presentations showcasing research and expertise at the intersections between people, processes, technologies, data and ethics. For catering purposes, please register for our Conversation event on this page by Monday, December 4th. A detailed schedule for the day will be published on our event webpage soon.