Honda Teams Up With Billion-Dollar Chinese Startup SenseTime

Honda has announced a partnership with SenseTime, a Chinese startup valued at over $1 billion with expertise in artificial intelligence.

According to Tech Crunch, SenseTime is a leader in object recognition technology and will combine its AI and deep learning skills with Honda’s AI and autonomous technologies to ensure self-driving cars operate safely in urban areas.

Alongside the duo’s work on autonomous vehicles, the partnership will expand joint activities in robotics.

SenseTime secured $410 million in investments from a series B funding round earlier this year, reportedly the largest private financing round ever closed by an AI startup. Additionally, it is thought that the technology company will secure a $227 million investment from Alibaba before the end of the year.

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