China’s SenseTime plans IPO to open a research center in the US

Date: 09:21, 24-11-2017.

Almaty. November 24. Silkroadnews - China’s SenseTime is planning an IPO to open a U.S. research center, Reuters reported.
“Chinese artificial intelligence (AI) start-up SenseTime Group, valued at more than $2 billion, is planning an IPO and aims to open a U.S. research and development center as early as next year,” the report said.
It is noted that the deep learning company based in Hong Kong and Beijing, founded by Tang Xiaoou, a professor at the Chinese University in Hong Kong, is the leader among Chinese AI start-ups that are rapidly developing due to the demand from the government and private sector for their facial recognition technology.

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