Tag: ai

Shanghai has announced its intention to initiate investment funds with a minimum valuation of $15 billion or 100 billion yuan over the next couple of years. This huge capital raising is intended for AI products and services. According to Chen Mingbo—who leads the Shanghai Commission of E…

The Chinese AI startup SenseTime has gained traction as it has being successful in raising capital amidst burgeoning investments from a wide range of investors. A spokesman from the firm stated that recently the startup managed to raise capital worth $620 million. The investment contribution inc…