Alibaba’s newest initiative aims to make Hong Kong a global AI hub

Alibabais teaming up with SenseTime,the world’s highest-valued AI startup, to launch a not-for-profit artificial intelligence lab in Hong Kong in a bid to make the city a global hub for artificial intelligence.
Alibaba, which is SenseTime’s largest single investor thanks to a recent $600 million round at a valuation of $4.5 billion, is providing financing for the “HKAI Lab” through its Hong Kong entrepreneurship fund. SenseTime said it will contribute too, although the to