China

The world’s largest tech fund Softbank Vision Fund is seeking to invest close to US$1 billion in SenseTime, the most valuable artificial intelligence startup on the planet, Bloomberg reported on

All you need to know about what happened in the tech world today.

The challenge is great, but the market also has great potential as there is not yet a dominant player.

Early this April, SenseTime (商汤科技) announced a fresh funding round of $600 million, just nine months after its then record-breaking (in the AI scene) Series B round of $410 million.

A future where one making payment is tied in with their face may be imminent, but the business of monetizing personal data won’t be easy.