China wins battle for AI investments

A battle of sorts is taking place in the field of artificial intelligence (AI). It has been widely reported that China is ramping up its focus on the technology that is expected to transform businesses and industries. Numbers from ABI Research point to a swing in favour of China.

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SenseTime makes triple signing in Singapore

Sealing the deal: Professor Hui Shen (SenseTime), Associate Professor Tan Tin Wee (NSCC), Professor Lam Khin Yong (NTU), Kiren Kumar (EDB), Bill Chang (Singtel), Professor Xiao’ou Tang, Peter Ho (NSCC), Arthur Lang (Singtel), Professor Louis Phee (NTU), Jeff Shi (SenseTime), and Martin Huang (SenseTime)
Sealing the deal (from left): Professor Hui Shen (SenseTime), Associate Professor Tan Tin Wee (NSCC), Professor Lam Khin Yong (NTU), Kiren Kumar (EDB), Bill Chang (Singtel), Professor Xiao’ou Tang, Peter Ho (NSCC), Arthur Lang (Singtel), Professor Louis Phee (NTU), Jeff Shi (SenseTime), and Martin Huang (SenseTime)

China artificial intelligence (AI) company SenseTime has inked memoranda of understanding (MOU) with Nanyang Technological University (NTU), National Supercomputing Centre of Singapore (NSCC) and Singtel.

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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.

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Honda to accelerate smart car R&D with SenseTime

Honda and SenseTime to partner on smart car development.
Honda and SenseTime to partner on smart car development.

Honda has signed a long-term agreement to develop autonomous cars with SenseTime, a China artificial intelligence (AI) company.

The partnership will leverage Honda’s vehicle control system with SenseTime’s AI algorithms to jointly create an autonomous driving solution. The two companies will also work together on robot technology.

“Safety is the number one priority when it comes to driving, and it also constitutes the core of our autonomous driving solution. By combining SenseTime’s strengths in computer vision technologies with Honda’s superior vehicle control technologies, we will together enable a safe and pleasant autonomous driving experience.,” said Lao Shihong, CEO of SenseTime Japan.