Chinese facial recognition pioneer SenseTime has emerged as the most heavily funded AI startup globally, following a monumental $600 million funding injection. This significant backing was spearheaded by Alibaba Group Holdings, following a series of substantial investments that previously pegged SenseTime's valuation at one billion dollars. Other influential investors participating in this series-C funding include Temasek Holdings and Suning.Com Co Ltd. Though SenseTime has not officially disclosed its latest valuation, it is reported by Bloomberg to exceed $3 billion. Alibaba's Executive Vice Chairman, Joe Tsai, expressed
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