Briefing: Chinese AI unicorn SenseTime prepares to raise $2 billion in funding
World’s Largest AI Startup Readies $2 Billion Fundraising – BloombergPreviously on SenseTime:
What happened: The world’s most valuable artificial intelligence (AI) startup SenseTime is reportedly working with advisors to raise $2 billion in a fresh round of funding. People with knowledge of the matter told Bloomberg that the deliberations are at an early stage and details of the deal could change. A company spokesperson declined to comment when contacted by TechNode.
Why it’s important: The Chinese AI unicorn raised over $1.2 billion with a valuation of over $4.5 billion in 2018....MORE
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