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Alibaba-Backed AI Startup SenseTime To Aid In Development Of Digital Yuan

Ramsey Baker

Summary: SenseTime, the Hong Kong-based AI startup, has partnered with the People’s Bank of China’s (PBoC) digital currency research unit to aid the development of the digital yuan. The Alibaba backed AI startup, will work with the PBoC in order to improve upon improve risk control and operational capabilities across financial institutions, According to a report ...

SenseTime, the Hong Kong-based AI startup, has partnered with the People’s Bank of China’s (PBoC) digital currency research unit to aid the development of the digital yuan.

The Alibaba backed AI startup, will work with the PBoC in order to improve upon improve risk control and operational capabilities across financial institutions, According to a report from the South China Morning Post.

By Ramsey Baker

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