No surprises! The world’s most valuable AI startup is Chinese

May 02, 2018, 6:37 AM EDT
(Source: A Health Blog/flickr)
(Source: A Health Blog/flickr)

China, with its sight set on dominating the field of artificial intelligence by 2030, has shown dramatic growth in the technology of late, boosted by private players such as SenseTime, now the most valuable private AI startup in the world.

Three-year old, SenseTime, raised a whopping $600 million in a recent fundraising round, doubling its valuation, notes Futurism.

The company, providing face recognition software for China’s controversial surveillance system, boasts of some 400 clients including the likes of Qualcomm, chipmaker Nvidia Corp. and smartphone maker Xiaomi Corp, writes Bloomberg.

TAGS: SenseTime