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Reuters ahead with AI news

Reuters ahead with AI news

Reuters reported exclusively that China’s biggest facial recognition firm Megvii, more commonly known as Face++, has raised $460 million in a fresh round of financing. It has drawn investment from a Chinese state fund, Ant Financial and Foxconn Technology. Reuters also revealed that CDH Investments and Hong Kong-based start-up SenseTime Group are raising about 3 billion yuan ($453 million) to invest in firms working on artificial intelligence technology.