SoftBank fund plans $1b investment in Chinese AI giant SenseTime

SoftBank fund plans $1b investment in Chinese AI giant SenseTime

SenseTime Co-Founder Xu Chiheng demonstrates surveillance software of his company on a laptop at the SenseTime office in Beijing, China, October 11, 2017. REUTERS/Thomas Peter/File Photo

SoftBank Vision Fund is seeking to invest almost $1 billion in China’s SenseTime Group Ltd. as it seeks a stake in the world’s most valuable artificial intelligence startup, people familiar with the matter said.

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