Yitu Technology setting up a research and development hub in Singapore
Chinese facial recognition software developer Yitu Technology will be setting up its first international research and development hub in Singapore.
According to a report by Channel NewsAsia, the decision to open the R&D hub came after discussions were held between the AI company and Singapore officials from the Ministry of Home Affairs and the Economic Development Board.
“The AI vision for Singapore is that once it has started its AI development, there will be a ripple effect across other countries and regions as Singapore has a good reputation, and other companies will possibly follow in the country’s footsteps,” said CEO and founder of Yitu Leo Zhu.
In May, Singapore’s National Research Foundation said that it will invest up to USD$110M into AI.SG, a new national program aimed at boosting Singapore’s artificial intelligence capabilities over the next five years.
Earlier this month, Yitu won the face-search segment of a facial recognition competition hosted by NIST and IARPA.