FB pixel

Analyst boosts Nvidia share price target as AI facial recognition market booms


The market for mass facial recognition and traffic monitoring could be worth up to $5 billion in additional sales for Nvidia by 2020, according to a note from investment bank UBS to investors, CNBC reports. UBS raised its target price for Nvidia stock from $266 to $285, as an analyst estimated the company holds a 90 percent share of the market for AI chips.

The note “Deep Learning & Mass Surveillance: Tied at the Hip,” analyzed the mass surveillance market in China, and its potential in other countries, which note author Timothy Arcuri said creates a “tailwind” which could boost Nvidia earnings by mid to high single digits.

“China to lead the way, but rest of world will use facial recognition too,” Arcuri wrote. “Adoption in China will be rapid because of government programs that require the deployment of a massive surveillance infrastructure. Real-time facial recognition to identify jaywalkers is already deployed at many Shenzen intersections.”

Arcuri maintained his neutral rating for the stock, which is up 37 percent on the year through Friday, according to CNBC.

AnyVision joined Nvidia’s Metropolis Software Partner Program earlier this year to provide its facial recognition technology to the “smart city” platform.

As it continues to develop its “smart city” and mass surveillance capabilities, China’s government has thrown its weight behind AI development in the country, including by developing an open source AI platform.

Article Topics

 |   |   |   |   | 

Latest Biometrics News


Huawei accelerates global digital transformation with digital ID, ICT and 5G projects

In recent years, global telecommunications provider Huawei Technologies has significantly ramped up its involvement in infrastructure projects aimed at supporting…


Move over, Armani: Italy’s It Wallet is the digital ID accessory of the season

Bravo to Italy for the forthcoming launch of its digital wallet scheme, clearing the path for a national digital identity…


Sumsub brings non-doc biometric identity verification to new markets

Biometric identity verification providers are expanding their market reach in various ways, including Sumsub’s support for users without ID documents…


Scottish Government emphasizes security of new platform for digital public services

Scotland is talking up the data security measures designed and build into ScotAccount, a single-sign on (SSO) service designed to…


Zambia, Namibia, Tanzania upgrade digital ID systems in concert with development partners

Zambia has carried out a major first step in its transition towards a modern legal and digital identity system, by…


Bermuda delays facial recognition deployment for national CCTV project

Bermuda’s government will not be deploying facial recognition capabilities in its CCTV system, at least for now, due to unspecified…


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Read This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events