SenseTime

SenseTime Seeks to Shed Surveillance Rep with MIT Alliance

SenseTime Seeks to Shed Surveillance Rep with MIT Alliance

A joint funding program between SenseTime and MIT could deliver significant advancements in artificial intelligence technology. The MIT-SenseTime Alliance on Artificial Intelligence has announced funding for 27 projects covering a range of areas. One, for example, is a collaboration between academics from MIT’s Department of Linguistics and Philosophy, its Department of Brain and Cognitive Sciences,…

Another Chinese AI Firm Gets Millions in Backing

Another Chinese AI Firm Gets Millions in Backing

Chinese AI startup Yitu has brought in $300 million in investments over the last two months. The total is the product of a newly announced investment of $100 million from China Industrial Asset Management, which follows after a $200 million series-C investment round in June. Investors are evidently excited about Yitu’s artificial intelligence technology, which the…

China’s AI Giant Branches Into Autonomous Driving, AR

China’s AI Giant Branches Into Autonomous Driving, AR

“It’s another sign of the rapid growth of SenseTime, which announced earlier this year that it had become the world’s most valuable AI company after a series-C funding round that brought the company $600 million.” Facial recognition specialist SenseTime is branching out into autonomous driving and augmented reality, according to one of its co-founders. Speaking…