SenseTime, the world’s most-valued artificial intelligence (AI) startup with over $7.5 billion valuation, has signed a cooperation agreement with China’s digital currency research institute — a unit of the country’s central bank that is overseeing the development of digital yuan.
Announcing the news on Monday, Hong Kong-based SenseTime said the agreement is aimed at accelerating the innovation and implementation of AI technology in China’s financial industry.
“The two parties will jointly establish a research and innovation body, take application scenarios as guidance, jointly develop applications of AI technology in financial scenarios, and accelerate the advancement of AI innovation research in the financial field,” said SenseTime.
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