Alibaba-backed AI startup Megvii raises $750m at over $4b valuation

Alibaba-backed AI startup Megvii raises $750m at over $4b valuation

FILE PHOTO: The logo of Face++ facial recognition software is seen at the Security China 2018 exhibition on public safety and security in Beijing, China, October 24, 2018. REUTERS/Thomas Peter

Chinese artificial intelligence (AI) provider Megvii Inc, commonly known as Face++, said on Wednesday it raised $750 million in its latest funding round.

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