Biggest 3AI #startup hits jackpot
China’s SenseTime has just raised another $620 million while being valued at $4.5 billion, reports #Bloomberg. The injection came just months after a similar amount was pledged by #Alibaba and Singapore's state investment firm. The new financing, which included Fidelity International and Silver Lake Partners, brings the total raised to $1.2 billion. #Bloomberg notes that the valuation of the startup, which specializes in facial recognition AI, has tripled in a year. Both the #US and #China are in a race to dominate the field of #artificialintelligence. #finance #investments
LinkedIn post ·
Biggest 3AI #startup hits jackpot
First published on LinkedIn on Jun 1, 2018, 5:02 AM UTC (original). Kept here in full so it stays available.
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