Bing Xu, co-founder of SenseTime at the Goldman Sachs Private Innovative Company Conference (PICC) in Las Vegas:
“AI is the key economic driver for next 20 years of economic growth!”
“We have the #1 AI supercomputer dedicated to Deep Learning with 15,000 GPUs, 157 PetaFLOPS. That is the weapons that we have.”
“AI is the new engine for industry upgrades” — Chinese Government
SenseTime raised $2B in 2018 from Silverlake, Softbank and Alibaba as a private company. They raised $600M at a $3B valuation in April and then $700M at a $7B valuation from Softbank. “When Silverlake did the C+ round, Softbank paid attention. They were looking for an algorithm company and never found one until us.”
“We have 160 PhDs in AI area and 3000 staff, adding 200-300 per month. For the past three years the average revenue growth has been 400%/yr.”
I took a short video of his AI superpower claims.
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