SenseTime wins deals in Saudi Arabia in return for investment in domestic firms

SenseTime and other technology companies based in China are investing in local firms in Saudi Arabia, often in the form of joint ventures, to qualify for contracts in the country worth hundreds of millions of dollars, the Financial Times reports.

The facial recognition developer has also won a contract with Saudi Arabia’s megacity project, Neom.

A joint venture formed in 2022 was formed by SenseTime with $207M in support from the Saudi Company for Artificial Intelligence (SCAI) to develop AI …

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