Learnable.ai is searching for to boost as a lot as $70 million to bankroll its purpose of utilizing AI to revamp the backbreaking ordeal that’s China’s annual school entrance exams.

The Ningbo-based startup is in talks with buyers and focusing on a fundraise of as much as 500 million yuan ($70 million), Chairman Guan Wang informed Bloomberg News on the sidelines of the World Economic Forum this month. It goals to develop AI to automate the grading of the “gaokao” — the nationwide check that determines which of tens of millions of annual aspirants get into high universities.