CEO of leading AI startup SenseTime says valuation passed US$7.5b

SenseTime Group Ltd founder Prof. Tang Xiaoou (left) accompanied by Prime Minister Tun Dr Mahathir Mohamad during his visit to SenseTime's Beijing office in April.

HONG KONG: SenseTime Group Ltd.’s valuation surpassed US$7.5bil this year after securing investment from backers like SoftBank Group Corp., yet the world’s largest AI startup said it’s in no hurry to go public.

The Chinese startup has been hosting regular roadshows around the world to educate investors on a business that now runs the gamut from facial recognition to robot delivery, Chief Executive Officer Xu Li told Bloomberg’s Sooner Than You Think conference in Singapore.