Electronic enthusiasts eight o'clock: Foreign media reported that a Chinese startup that sells facial recognition systems to the police has a valuation of more than $1.5 billion, which is enough to show that facial recognition technology is one of the hottest technologies in the world.
Beijing-based SenseTIme said on Tuesday that it raised $410 million from investors and became a unicorn corporate club. Unicorn companies are the name of the investment community for companies with a valuation of more than $1 billion and a relatively short time to start.
Shangtang Technology provides monitoring systems to Chinese law enforcement agencies, while it uses facial recognition technology.
The facial potential recognition system of companies such as Shangtang Technology can use artificial intelligence technology to compare images in the database with the crowd and then lock the target.
Face recognition usually divides a person's face into a series of elements and creates them into a template that is easily matched to other people in the database.
In China, facial recognition technology is developing particularly fast, and its favorable factors include a large number of surveillance cameras, nationwide photo identification retrieval and relatively weak privacy concepts.
Law enforcement agencies use facial recognition technology to identify suspects and arrest them. The local department also uses this technology to monitor people who walk without complying with traffic rules. In a park near Shanghai, facial recognition technology is also used to prevent contestants from taking shortcuts in the competition.
With the development of commercial use, facial recognition technology is increasingly applied to new areas such as access control, boarding, ATM withdrawal and hotel registration.
American technology companies are also very active in facial recognition technology. Social networking Facebook is seen as a pioneer in this field. Last year, Apple acquired EmoTIent, an artificial intelligence technology company. This San Diego-based startup is dedicated to determining people's emotions through facial expression analysis. FaceFirst in Los Angeles provides facial recognition systems for US airports and military bases.
Founded in 2014, Shangtang Technology, with 500 employees, also provides face and photo recognition technology for the financial and mobile internet industries. The local Chinese government is one of the major customers of Shangtang Technology.
Xu Li, CEO of Shangtang Technology, said the company will use the newly raised funds to retain and recruit talents and to study other technologies that rely on artificial intelligence, including driverless technology and medical diagnosis.
Shangtang Technology Investors include China Private Equity Fund CDH Investment and the Shanghai Capital Government's venture capital fund competition international investment fund.
Wu Shangzhi, chairman of CDH Investment, said: "We have seen that artificial intelligence is changing the way of traditional industries. Artificial intelligence is welcoming a good opportunity to exert great influence."
According to relevant data, China's technology start-ups focused on artificial intelligence raised $500 million in the first half of this year, compared with $700 million last year. Startups for facial recognition have not yet had specific data.
Alibaba's board chairman Ma Yun (microblogging) and Foxconn are also investors in such startups. The Yunfeng Fund created by Ma Yun is an investor in Shanghai Yitu Technology. Foxconn holds shares in Beijing Vision Technology.
Zhang Zhuo, director of research on artificial intelligence at IDC, a market research organization, said that providing intelligent monitoring systems for national security has greatly boosted start-ups. Zhang Zhuo said that China's annual public security budget is abundant, which makes it easier for companies in this field to generate income.
Analysts say that investment in facial recognition is expected to continue to grow, especially in China, as it is actively promoting the development of artificial intelligence technology.
Zhang Zhuo said: "This area may attract more and more attention, and the investment will increase. The application of facial recognition in different industries and fields will only show growth."
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