Artificial Intelligence

On May 18, it was announced that Lu Qi stepped down from daily operations “for personal reasons”.

Baidu is now ‘all in AI’.

Alibaba, Tencent, and Baidu are all weighing in the field.

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.

The company is valued at $5 billion.

According to Comma Smart, its system achieved an accuracy rate of 95%, which can save 40% labor costs.

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.