SenseTime prepares to list on the Hong Kong Stock Exchange

Chinese AI giant SenseTime has received regulatory approval to list on the Hong Kong Stock Exchange (HKSE).

SenseTime is the world’s most-funded AI firm and has attracted large investments in part due to providing technology for the Chinese government’s vast surveillance network.

The company’s Viper system aims to process and analyse over 100,000 simultaneous real-time streams from traffic cameras, ATMs, and more to automatically tag and keep track of...

Amazon joins calls to establish facial recognition standards

Amazon has put its weight behind the growing number of calls from companies, individuals, and rights groups to establish facial recognition standards.

Michael Punke, VP of Global Public Policy at Amazon Web Services, said.

"Over the past several months, we've talked to customers, researchers, academics, policymakers, and others to understand how to best balance the benefits of facial recognition with the potential risks.

It's critical that any legislation protect...

Most-funded AI startup SenseTime wants another $2bn

Not content with being the world’s most-funded AI startup, Chinese facial recognition darling SenseTime is preparing a $2 billion financing round.

SenseTime raised more than $1.2 billion last year; including a round announced in May that valued it at more than $4.5 billion.

According to Bloomberg sources, the company is aiming for $2 billion more funding but the information is private. The sources claim investor Alibaba is working on the...

Chinese AI darling SenseTime wants facial recognition standards

The CEO of Chinese AI darling SenseTime wants to see facial recognition standards established for a ‘healthier’ industry. SenseTime is among China’s most renowned AI companies. Back in April, we reported it had become the world’s most funded AI startup. Part of the company’s monumental success is the popularity of facial recognition in China where it’s used in many aspects of citizens’ lives. Just yesterday, game developer Tencent announced it’s testing facial recognition to...

Facial recognition provider SenseTime becomes the most funded AI startup

Chinese facial recognition provider SenseTime has become the world’s most funded AI startup following a $600 million funding round. The latest round of funding was led by Alibaba Group Holdings to extend SenseTime’s existing one billion dollar valuation. Other investors which took part in the series-C fundraising include Temasek Holdings and Suning.Com Co Ltd. While the company is yet to disclose its current valuation, Bloomberg reported it’s over $3 billion. Joe Tsai, Alibaba...