This company is the most valuable artificial intelligence startup in the world [CNN]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
Last alibaba group holding limited american depositary shares each representing eight ordinary share earnings: 2/13 06:45 am
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Source: CNN
Chinese AI startup dwarfs global rivals with $4.5 billion valuation Chinese artificial intelligence startups are attracting ever richer valuations as the country bets big on the emerging technology. SenseTime, which specializes in software that can identify people's faces in surveillance videos, said Monday that it had secured $600 million in fresh funds and is already in talks with investors to raise more money. The latest cash injection values SenseTime at more than $4.5 billion, according to a person familiar with the company's fundraising. That's more than any other artificial intelligence startup on the planet, according to CB Insights . The second biggest AI startup is also Chinese: Shanghai-based Yitu Technology with a valuation of about $2.4 billion. Related: China's Didi said to be worth $56B after raising more cash SenseTime tapped big names for cash in its latest funding round, including China's leading e-commerce company, Alibaba ( BABA ) . It had already announced
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