Yitu Technology opens office in Singapore
At today’s opening, the AI firm demonstrated an employee-tracking system and an ATM that relies on facial recognition instead of bank cards. China Merchants Bank has already rolled out some 2,000 such ATMs in China.
Yitu’s facial recognition technology has won international competitions and is used by more than 150 municipal and provincial security departments in China. The firm’s other AI solutions include security for large-scale public events, medical diagnosis, vehicle recognition and traffic management.
Changi Airport Group and Certis Cisco are among Yitu’s first Singapore clients. The firm is also in talks with potential clients here in financial services, healthcare and the public sector.