Face biometrics startups lead AI sector in attracting major investment
Facial recognition companies are leaders among the ranks of artificial intelligence startups attracting major investments, with SenseTime totaling $1.63 billion…
SenseTime
IPO and $2B funding round could be coming for Chinese AI biometrics unicorns
Megvii is considering making an initial public offering on the Hong Kong stock exchange to raise up to $1 billion…
Real ID launches digital ID app tailored to Asia with SenseTime facial recognition
The development of technologies for safeguarding digital identities is Asia has lagged behind the progress made in the U.S. and…
Facial recognition competition heating up as Megvii reported in talks with Alibaba to raise $500M
Megvii is seeking at least $500 million in new funding, and is in talks with Alibaba Group Holding Ltd. and…
Hong Kong and Tsinghua universities partner to support AI innovation
The University of Hong Kong (HKU) has formed a partnership with Beijing’s Tsinghua University to develop new technologies based on…
SenseTime CEO says technical standards critical for AI industry growth
The lack of technical standards is a critical issue facing the AI industry, according to SenseTime CEO Xu Li. He…
SenseTime plans to expand AI applications into auto, medical, smartphone, smart city industries
SenseTime is working to deploy its image recognition technology to the automotive, medical, smartphone, and smart city markets, Co-founder and…
Chinese startups take lion’s share as venture capital investment in AI grows 150 percent
Chinese AI startups overtook their U.S. counterparts in new venture capital funding in 2017, raising nearly $5 billion according to…
Facial recognition unicorns SenseTime and Megvii raising combined $1.6B
Investment capital continues to pour into Chinese facial recognition firms, as Bloomberg reports that SenseTime could receive nearly $1 billion…
Yitu and Sensetime bid on facial recognition contract for new Beijing airport
Yitu and SenseTime are preparing bids to provide facial recognition to Beijing’s new $12 billion airport, South China Morning Post…
