China based machine intelligence for financial services raised $6.2m in Series A funding co-led by ByteDance and Rocket Internet.
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TikTok parent ByteDance leads $6m round in financial AI startup Lingxi
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“We hit a bottleneck. The technology [AI] wasn’t mature enough yet, which means you have to combine it with a big team of people to perform manual tasks like data labeling, so you not only need to hire AI experts, professionals in the business you serve, but also a large number of workers to label data and train the machines,” he said.
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