China’s SenseTime to help build $1bn AI park in Malaysia

Chinese artificial intelligence (AI) company SenseTime has signed an agreement with Malaysian tech firm G3 Global and China Harbour Engineering (CHEC) to build Malaysia’s first AI park.

Mahathir Mohamad (right) with SenseTime Founder Xiao’ou Tang (SenseTime)

The agreement, which was signed during last week’s Belt and Road Forum in Beijing, envisages a $1bn, five-year project to build a campus for research into computer vision, speech recognition, natural language processing and robotics.

The companies said in a press release that the park would try and develop a "commercial ecosystem" to help Malaysia in "AI governance".

During the forum, SenseTime Founder Xiao’ou Tang gave Malaysian prime minister Mahathir Mohamad a demonstration of the company’s applications in autonomous driving, smart city, education and, healthcare.

Tang commented: "SenseTime is honoured to be part of Malaysia’s new journey. We look forward to working together with Malaysian government, academia and business sectors, bringing our technological expertise and experience to Malaysia and building a better world with AI technology."

Earlier this month, SenseTime also signed a strategic partnership with US automobile electronics supplier Visteon. The companies will promote developments in intelligent cockpits.

SenseTime was founded in 2014 and to date has received total funding of $2.6bn in capital funding.

Image: SenseTime has become a leading provider of AI solutions since its 2014 launch (Dreamstime)  

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