Summary of A Tsinghua Tech Guy’s Facial Recognition Business

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A Tsinghua Tech Guy’s Facial Recognition Business summary
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Smile, you’re on camera – and will soon be logged into the system. If Chinese artificial intelligence (AI) company Face++ has its way, you will never need to remember another password or worry about being hacked. The type of technology it is developing will verify who you are by scanning your face. With more than 800 companies and government branches worldwide using its facial recognition technology, Face++ is one of China’s most prominent AI companies. As Face++ expands its capabilities and finds uses in an increasing number of scenarios, the company is looking more and more like a game changer. In an interview with Global People Magazine, Face++ founder Yin Qi explains how he created the company and talks about his hopes and expectations for China’s artificial intelligence industry. getAbstract recommends this article to tech company executives, computer science engineers, online and offline security professionals, and anyone who self-identifies as a tech geek. 

In this summary, you will learn

  • What Face++ technology can do,
  • How company co-founder Yin Qi created it, and
  • What he envisions for the company and the artificial intelligence industry.
 

About the Authors

Yin Jie and Wang Yiding write for Global People Magazine, a periodical created by People’s Daily, the biggest newspaper group in China.

 

Summary

Face++ is a Chinese artificial intelligence (AI) company that has won fame on the strength of its facial recognition technology. By the end of 2016, Face++ had verified the identities of 112 million people around the world. The tech company has established partnerships with more than 800 businesses and government branches worldwide, including Alibaba Group, CITIC Bank, the First Research Institute of the Ministry of Public Security and Didi Chuxing. Since Face++ was founded in 2011, the company has acquired ¥1.03 billion ($149.4 million) in investments and turned a profit in 2014. 

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