Meet five Chinese start-ups pushing facial recognition technology into the mainstream
Facial recognition systems are now being used extensively across China in areas such as public security, financial services, transport and retail
China’s goal of becoming a global leader in artificial intelligence (AI) is nowhere more manifested than in how facial recognition technology has become a part of daily life in the world’s second-largest economy.
Facial recognition systems, which are biometric computer applications that automatically identify an individual from a database of digital images, are now being used extensively in areas such as public security, financial services, transport and retail across the country.
The global facial recognition market is forecast to be worth US$6.5 billion by 2021, up from US$2.3 billion in 2016, according to the latest estimates from research company Technavio.
A number of Chinese companies have already staked a claim into this growing market, where their products and services are used by organisations in both the public and commercial sectors.
Here are five start-ups that are spurring further innovations in facial recognition systems:
1. DeepGlint
Founders: He Bofei, Zhao Yong