Artificial intelligence specialist SenseTime and the Chinese central bank’s digital currency unit will work together to broaden AI applications in the financial industry, SenseTime said Monday, as rumors swirl about a pilot program for an electronic yuan.
The agreement between Hong Kong-headquartered SenseTime and the Digital Currency Research Institute of the People’s Bank of China (PBOC), which oversees the development of the country’s sovereign digital currency, sets a target of “enhancing financial institutions’ capabilities in risk control and operations,” according to a statement. No further details were given.
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