Briefing: China is home to more than 50% of the world’s AI unicorns

China has set ambitious goals for the development of artificial intelligence, hoping to become a world leader by 2030.

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AI startup Yitu receives another $100 million in funding

After closing its $200 million Series C+ funding round in June, Shanghai-based facial recognition firm Yitu Technology has secured another $100 million. The investment comes from China Industrial Asset Management, according to a Yitu statement. The company’s technology has been deployed for use with the country’s ubiquitous surveillance systems. According to Yitu’s website, public security bureaus […]

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