SenseTime, a Beijing-based developer of facial recognition technologies, is in talks to raise around $1 billion from SoftBank Vision Fund, per Bloomberg.
Why it's the BFD: It's already the world's most valuable AI startup, having raised money earlier this year at a $4.5 billion valuation. And this additional money would help further shift the balance of power from privacy to security, with all of the trade-offs that entails.