This is the best tl;dr I could make, original reduced by 56%. (I'm a bot)China's computer vision startup SenseTime today announced it had raised US$620 million in Series C+ funding, a mere 50 days after it closed its Series C funding with US$600 million.The company's fundraising to date totals a staggering US$1.6 billion, and establishes SenseTime as the world's most valuable AI startup, with an estimated worth of US$4.5 billion.In today's announcement, SenseTime billed itself as a fully-profitable company since 2017, with AI solutions successfully applied to smart cities, phones, entertainment, automotive, finance, retail and other industries.Interestingly, along with its ambitious moves in the tech and business worlds, SenseTime also prioritizes local AI initiatives such as the non-profit AI lab it recently-launched in Hong Kong in partnership with e-commerce giant Alibaba?-?which led SenseTime's Series C funding?-?in a bid to transform the city into a global AI hub.SenseTime developed an online system for students to practice what they've learned in each chapter.SenseTime said it will direct the new funding to R&D in a bid to take the lead in the AI innovation market both in China and globally.Summary Source | FAQ | Feedback | Top keywords: SenseTime#1 company#2 system#3 million#4 Series#5Post found in /r/worldnews.NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
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