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Posted on May 29, 2018 by staff

‘World’s most valuable AI firm’ wins coveted award

‘World’s most valuable AI firm’ wins coveted award

SenseTime is backed by eCommerce giant Alibaba
SenseTime is backed by eCommerce giant Alibaba

A Chinese facial recognition technology developer with a valuation of up to $5 billion has won the 2018 GP Bullhound Summit Superstar Award.

The investment bank’s annual three-day summit took place in Marbella, where SenseTime competed with other high-growth finalists Smava, Small Giant Games and Neyber.

SenseTime, which is at the forefront of China’s AI boom, was founded in Hong Kong and has hundreds of customers around the world.

The company is backed by the likes of eCommerce giant Alibaba, Chinese real estate developer Dalian Wanda and US chip designer Qualcomm.

Per Roman and Manish Madhvani, managing partners of GP Bullhound, said: “Our annual summit celebrates the very best fast-growth firms that are changing the world.

“The levels of ambition and the pace of growth we have seen this year show us the huge potential for building and scaling billion-dollar tech businesses.”

GP Bullhound’s summit brought together a select group of 150 founders and business leaders of some of the most inspiring and high-performance companies in the digital economy to share experiences and debate current technology and entrepreneurship issues.

The attendees also discussed future challenges for entrepreneurs and business leaders.

This year’s event included talks from world-renowned neuroscientist Surjo Soekadar; Ken Roth, executive director of Human Rights Watch; Isabella Löwengrip of Löwengrip Invest; Kina Zeidler, journalist and author of “The Swedish Tech Wonder”; and former NBA Basketball player Boki Nachbar.

Discussions focused on critical developments and key trends in technology, including the future of cyber security, China and neurotechnology, the rise of financial applications on the blockchain, monetisation strategies of leading game and app developers, scalability as a foundation for growth, new opportunities faced as a public company and key market dynamics in US & Asia, and how Europe can build a $50 billion tech company.