chinese facial recognition start-up
This Chinese facial recognition start-up can identify a person in seconds
YITU is also expanding to help cities digitize data such as traffic patterns, energy supply information and infrastructure development. Now the company plans to move even further afield. In January YITU opened its first international office in Singapore, where it plans to hire more than 50 researchers, and the company recently formed a strategic cooperation with local governments and various organizations in Britain in the fields of public security, finance and health care. Although YITU's track record is outstanding thus far -- it won first place in the 2017 Face Recognition Prize Challenge organized by Intelligence Advanced Research Projects Activity for its highly acclaimed facial recognition devices, which boast a 95.5% accuracy rate -- the company still has work ahead to become the facial recognition leader in China. Chinese start-ups Megvii Technology and SenseTime are considered to have the most powerful facial recognition systems in the world.