Chinese artificial intelligence start-up SenseTime has signed a long-term development agreement with Japanese car manufacturer Honda to build smart artificial intelligent cars with autonomous driving. The partnership follows a couple of important strategic initiatives taken by SenseTime, including leading a RMB210 million series B round two days ago in 51HiTech, a Beijing-based virtual reality and augmented reality start-up. Last month, SenseTime received an undisclosed amount of investments from Qualcomm to have its AI algorithm coupled with Qualcomm’s chips for applications …

Chinese AI Firm Sensetime Forms Partnership With Honda To Build Smart Cars appeared first on China Money Network.