China’s SenseTime, the world’s highest-valued AI startup, closes $620M round
While this article notes that the Chinese government is one of Sensetime's most visible partners, it doesn't really make it clear the extent to which private sector companies like SenseTime are inseparable from the public sector in China. By supporting SenseTime as its client, Beijing has signaled to investors like Alibaba that it has chosen a winner, and that it will never let SenseTime fail. As with most mainland tech companies, SenseTime will heed the diktats of the central government, much as social platforms like Weibo march in step on censorship requests.One interesting question this raises is: How can non-Chinese compete against such national champions, this intense cooperation between public and private sectors? In the US, those relationships are much more problematic, as the recent uproar at Google about Project Maven illustrates. Not only that, but the US government is neither as aggressive nor as forward-looking about such partnerships, preferring to let market forces have their way. China is tilting the playing field in its favor, while the world's sole superpower is hobbled by clowns and criminals in the executive branch, and corrupt prime contractors pretend to supply the government with tech that they neither understand nor make themselves.