China's AI start-up Megvii raising $500 million at $3.5 billion valuation: sources

Chinese artificial intelligence provider Megvii Inc, commonly known as Face++, is targeting to raise $500 million in a new funding round that pegs the current valuation of the firm at $3.5 billion, people with knowledge of the matter said.

from Reuters: Technology News https://ift.tt/2RO5iyc