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Chinese AI startup SenseTime seals investment deal with Qualcomm

Published Wed, Nov 15, 2017 · 09:50 PM

Beijing

CHINESE artificial intelligence (AI) startup SenseTime Group said on Wednesday that it has sealed an investment from chipmaker Qualcomm Inc as part of a funding round that will close later this year.

SenseTime and Qualcomm had announced a strategic tie last month to collaborate on AI, which will see SenseTime's proprietary algorithms deployed in smart devices.