Caixin
Nov 16, 2017 07:19 PM
BUSINESS & TECH

Qualcomm Invests in Nine China Startups, Including SenseTime, Mobike

Qualcomm hopes its deal with SenseTime, a Hong Kong AI startup that claims to be the largest of its kind in the world, will allow it to harness the firm's expertise in proprietary AI algorithms – especially facial recognition – to make mobile smart devices. Photo: Visual China
Qualcomm hopes its deal with SenseTime, a Hong Kong AI startup that claims to be the largest of its kind in the world, will allow it to harness the firm's expertise in proprietary AI algorithms – especially facial recognition – to make mobile smart devices. Photo: Visual China

U.S. chipmaker Qualcomm Inc. has announced investments in nine Chinese startups, including artificial-intelligence (AI) star SenseTime Group and bike-sharing firm Mobike.

The financial details have yet to be disclosed, but the company said the deals are part of its $150-million China Venture Fund, which was announced in 2014 and spans big data, AI and the “internet of things,” among other areas.

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