China’s SenseTime and Cambricon Announce Strategic Partnership to Boost AI Development

China’s companies SenseTime and Cambricon have joined forces in a strategic collaboration aiming to propel the nation’s technological sovereignty notably in artificial intelligence (AI). SenseTime’s WeChat announcement unveiled their plan to facilitate a “new indigenous AI development paradigm” in line with China’s State Council ‘AI Plus’ strategy disclosed earlier this year. Emphasizing the significance of autonomy across China’s AI landscape from integrated circuits to AI models, Beijing is prioritizing self-reliance, aligning with its forthcoming 15th five-year plan that is poised to spotlight infrastructure advancement significantly. The collaboration between Hong Kong-based SenseTime and Beijing’s Cambricon is set to amalgamate SenseTime’s foundational…