Categories: BusinessFuture

Why Is China Superior In Facial Recognition Tech

China’s superiority in AI and facial recognition is astonishing and they appear to be better than any Western system, says Michael Spencer.

He says China’s society has many facial recognition products (and image recognition) of scale that have gone ‘live’ many years ago ahead of other countries.

Singapore’s Temasek is one of the investors in theChinese artificial intelligence (AI) company SenseTime which has filed for IPO in Hong Kong. The Softbank backed company will go IPO at $2 Billion in Hong Kong.

SenseTime last week raised $620 million in fresh funds from investors like Fidelity International, Hopu Capital, Silver Lake and Tiger Global. Alibaba is also a big backer in this company.

SenseTime will go IPO at $2 Billion and is a Softbank backed company. China is building entire cities based on AI, with urban planning projects that dwarf anything else happening in the world of smart cities.

In 2019 SenseTime was put on the U.S. Entity List, an export blacklist, which restricts the company’s ability to get access to certain technologies originating from the U.S.

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