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CEO of Leading AI Startup SenseTime Says Valuation Has Passed $7.5 Billion

  • World’s largest AI startup said it’s in no hurry to go public
  • Its growth helps underscore the rise of Chinese technology
A demonstration of SenseTime's SenseVideo pedestrian and vehicle recognition system.

A demonstration of SenseTime's SenseVideo pedestrian and vehicle recognition system.

Photographer: Gilles Sabrie/Bloomberg
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SenseTime Group Ltd.’s valuation surpassed $7.5 billion this year after securing investment from backers like SoftBank Group Corp., yet the world’s largest AI startup said it’s in no hurry to go public.

The Chinese startup has been hosting regular roadshows around the world to educate investors on a business that now runs the gamut from facial recognition to robot delivery, Chief Executive Officer Xu Li told Bloomberg’s Sooner Than You Think conference in Singapore. It’s using the funds raised to drive forays into areas such as semiconductors, spending the past two years developing an artificial intelligence training chip that Xu said may complement industry-leading products from Nvidia Corp.