Chinese AI Giant Blacklisted by Trump Thrives in Virus Era
SenseTime is thriving with growing demand for its facial recognition software, especially as local governments in China adopt its technology to battle the coronavirus.The Hong Kong-based startup’s revenue surged 147% to 5 billion yuan ($720 million) in 2019 and its customer base increased by about 500 to 1,200 clients, according to co-founder Xu Bing.
CCP China uses HK startup! @manch should be proud.
The company – whose backers include SoftBank Group Corp., Temasek Holdings Pte and Alibaba Group Holding Ltd. – is leaning toward a dual listing in Hong Kong and China, the people added.
Three well known backers.
The cameras provided by SenseTime detect whether the passengers are wearing masks, their temperature, and even their identities with their faces covered.
HKers are no joke, man. Covered face also can identify who you are.
Is Apple facial recognition as advanced? Probably not, can’t unlock iPhone when I am wearing a mask.
It’s an example of how the ruling Communist Party, once wary of private entrepreneurs, is now supporting technology companies that have come under attack from the Trump administration, including SenseTime, Huawei Technologies Co., Tencent Holdings Ltd. and ByteDance Ltd., parent of TikTok. The country has pledged to spend $1.4 trillion to develop its own tech industry and overtake the U.S. in key sectors.
OMG. CCP now trusts private entrepreneurs because of Trump. @manch may have to change his view of Xi once again.