Honda to partner with AI giant
China’s leading artificial intelligence company, SenseTime, announced they have signed a five year joint development and research contract with Japanese car manufacturer, Honda. SenseTime is highly regarded as a company that excels in image recognition technologies, which is powered by deep learning technology, one of the most advanced AI technologies. The partnership will combine Honda’s vehicle control system with SenseTime’s algorithms to create an autonomous driving solution. Autonomous driving solutions can be implemented even if there are no high-resolution maps. When a vehicle is driving without a detailed map covering its trajectory, it will still be able to use the self-driving function. This autonomous driving solution offers great advantages to a variety of passenger vehicle scenarios and will also lower transducer manufacturing costs. SenseTime Japan CEO Lao Shihong said, "Safety is the utmost priority when it comes to driving, and it also constitutes the core of our autonomous driving solution. By combining SenseTime's strengths in computer vision technologies with Honda's superior vehicle control technologies, we will together enable a safe and pleasant autonomous driving experience. Moreover, the fact that SenseTime provides core technology to a global enterprise like Honda marks a milestone." SenseTime, with a set of core technologies and patents for autonomous driving, has also developed chips and embedded systems for smart AI cars. The partnership between SenseTime and Honda is expected to accelerate the research and development of smart AI cars. SenseTime is focused on computer vision and deep learning technologies, and has achieved many commercial successes. It has powered many industries such as finance, security, smart phone, mobile internet, robotics and many more. Following its latest US$410 million series B round of financing (which set a record for a single round of funding in the AI field), SenseTime has allocated more resources to developing autonomous driving, intelligent medical treatment, and deep learning computer chips. The two companies have also announced they are working together to create robot technology.