The deep learning technology developer is combining with one of its investors, CDH Investments, and aims to raise more than $450m for the fund.
China-based deep learning technology provider SenseTime Group and asset management firm CDH Investments are raising RMB3bn ($453m) for a specialist investment fund, Reuters reported today, citing two sources with knowledge of the matter.
The as-yet unnamed fund will target artificial intelligence (AI) technology developers worldwide, and SenseTime and CDH will manage it as general partners, according to one of the sources. They did not disclose how much capital each will provide.
SenseTime is developing deep learning technology that will enhance…
