AI Unicorn SenseTime in no Rush for an IPO

According to IHS Markit, the global video surveillance market is expected to grow 10% and cross $20 billion in 2020. The growth is estimated to be driven by the growing need for enhanced surveillance and monitoring at public places driven by government regulations and concerns about safety. China accounts for about 45% of the market and Chinese AI unicorn SenseTime dominates the market.

Featured Videos

TuSimple Uses AI to Make Trucking Simple

According to an Allied Market Research report, the global self-driving truck market is expected to grow 10% annually to $1.7 billion by 2025. TuSimple is an AI unicorn in the autonomous truck category.

Butterfly Network Brings Medical Imaging to the Masses

According to a Grand View Research report, the global medical imaging market is expected to grow from $33.7 billion in 2016 at 5.7% CAGR through 2025. Growth is expected to be driven by the increasing demand for early stage diagnosis of chronic disease and rising aging demographics.
Guilford, Connecticut-based Buterfly Network is an AI unicorn in this field.

AI Unicorn ByteDance Faces Rough Overseas

Best known for its video sharing app TikTok and news aggregating site Toutiao, ByteDance is the most valuable AI unicorn. Last year, it raised a whopping $1.3 billion at a valuation of $75 billion.

C3.ai Looking to International Partners and Markets

According to an Allied Market Research report, the global enterprise AI market is estimated to grow at 35% CAGR to $53.06 billion by 2026 from $4.68 billion in 2018. Redwood City-based C3.ai is a leading player in the sector.

Cloud Stocks: Dropbox Gears Up to Regain Lost Valuation

According to a Market and Market research report, the Enterprise Collaboration Market is estimated to grow at 9% CAGR to $48.1 billion by 2024 from $31 billion in 2019. Growth is expected to be driven by the higher adoption of social networking websites and the usage of mobile devices for enterprise collaboration. Dropbox (Nasdaq: DBX) is a leading player in the industry that is gearing up its product portfolio to meet this growing demand for collaboration.

Driverless Car Startup Pony.ai Joins Unicorn Club

According to an Allied Market Research report, the global autonomous vehicle market size is projected to grow from $54.23 billion in 2019 to $556.67 billion by 2026 at a CAGR of 40%. Fremont-based Pony.ai is a leading player in the market.

Dataminr Leveraging AI to Manage Risk

According to a recent report by Fortune Business Insights, the global artificial intelligence market is estimated to grow 33% annually to $202.57 billion by 2026. New York-based Dataminr is using AI tools to help organizations mitigate and manage crises and opportunities effectively.

Oracle Focuses on Cloud Native Applications

Oracle (NYSE: ORCL) continues to struggle to meet market expectations. The recently reported second quarter results missed revenue forecasts despite beating earnings. The market was not pleased, and the stock fell 5% post the result announcement.

Upwork Focuses on Enterprise

According to a recent report by Payoneer, earnings for freelancers in the US grew by 78% in 2018, making it the fastest growing freelance market in the world. The growth of freelancers is attributed to organizations wanting to employ contractual employees to avoid fixed costs and the increasing supply of professionals who treat freelancing as a lifestyle option. Freelance services platform Upwork (Nasdaq: UPWK) recently reported its results that surpassed market expectations.