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World’s biggest AI startup SenseTime Group ventures into automobiles and healthcare

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SenseTime Group, which is the world’s most valuable artificial intelligence startup, plans to expand globally and diving into different fields like autonomous cars to healthcare. It is now seeking investments in fellow startup companies that can collaborate on the technology.

The company now plans to venture into education, self-driving vehicles and diagnostics, as per managing director Esther Wong.

SenseTime, was last valued at $4.5 billion, is said to be aiming to raise new funds this year. The startup helps analyze faces and images on an enormous scale and works with retailers and healthcare researchers. SenseTime is based in Hong Kong and China, and plans to expand further.

ALSO READ: BeatO, a health tech startup raises $1.6 Mn in a pre-series funding round

SenseTime’s 200 AI scientists will prove invaluable in helping new startups who can benefit from the technology. The goal is to get AI in front of a swathe of industries and as many people as possible, using data to generate the requisite algorithm via machine learning, she said.

“Most companies still don’t have a proper AI strategy or they don’t know how to monetize AI,” said Wong in a statement.

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