big artificial intelligence
China's big Artificial Intelligence (AI) push
It took less than 5 mins for me to activate and transfer money from my China Merchant's Bank account to a friend. Using facial recognition, the smartphone app directed me to tilt my head, blink my eyes and hold my face still to authenticate the transfer. Facial recognition is gaining traction at a startling pace in China. Real-world applications already range from verifying Uber drivers to identifying people seeking to withdraw cash from an ATM without a debt card. Chinese startups in this space have attracted serious funding: Face was most recently valued at $1B.