Category: Autonomous vehicles

SenseTime becomes most valuable AI company

China-based SenseTime Group has become the world’s most valuable artificial intelligence (AI) startup following a US$600 million from Alibaba Group Holding and other investors for a valuation of more than US$3 billion.

ANSYS to acquire OPTIS

Pittsburgh-based engineering simulation software maker ANSYS has agreed to acquire France-based optical simulation software provider OPTIS with the transaction expected to be completed in Q2.