Learnable.ai is seeking to raise as much as $70 million to bankroll its goal of using AI to revamp the backbreaking ordeal that is China’s annual college entrance exams.
The Ningbo-based startup is in talks with investors and targeting a fundraise of up to 500 million yuan ($70 million), Chairman Guan Wang told Bloomberg News on the sidelines of the World Economic Forum this month. It aims to develop AI to automate the grading of the “gaokao” — the nationwide test that determines which of millions of annual aspirants get into top universities.
The little-known startup, backed by Hong Kong ...
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