Alibaba invested $227m into artificial intelligence technology producer SenseTime, one of the most recent large rounds in the booming AI space.
China-based AI technology producer SenseTime raised $227m from internet and e-commerce group Alibaba last week at a reported $3bn post-money valuation, likely forming part of the $500m series C round the company is reportedly raising.
SenseTime had previously announced a commitment of an undisclosed size by semiconductor technology producer Qualcomm earlier in November.
Founded in 2014, SenseTime is developing deep learning technology that relies on computer vision to facilitate applications such as facial recognition, image processing, language recognition and vehicle…
