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YITU Technology
We are pioneers of artificial intelligence research and innovation. YITU Technology integrates state-of-the-art AI technology business applications to build a safer, faster and healthier world.
YITU Technology Biometrics News
Huge revenue jumps and beaten expectations show biometrics market strength
Yitu may be the next big stock offering in biometrics, in the biggest of several positive items for publicly traded…
| Sep 17, 2020 | Yitu files application for major face biometrics IPO in ChinaYitu Technology is the latest facial biometrics unicorn based in China to apply for an initial public offering on a domestic… |
| Jun 23, 2020 | Face and voice biometrics providers in China boosted by AI market growth, Megvii works on robot networkWith $2.89 billion registered in 2019, IDC reports the AI software and application market in China is forecast to grow… |
| Jan 3, 2020 | Yitu wins Shanghai government contract and considers IPO on city’s new exchangeYitu Technology has reached a deal with municipal authorities in Shanghai as part of a campaign to increase artificial intelligence… |
| Nov 5, 2019 | Yitu to develop national open AI platform for computer vision under new CTOYitu participated in the 17th International Conference on Computer Vision (ICCV 2019) in Seoul, Korea, with its new CTO and… |
| Oct 8, 2019 | U.S. drops Entity List hammer on Chinese facial recognition unicorns and biometrics providersThe U.S. Government has added 28 organizations to its Entity List, banning major biometrics companies including Dahua, Hikvision, iFlytek, Megvii,… |
| Sep 20, 2019 | ID4D initiatives and TSA trials top this week’s biometrics and digital ID newsFor the second consecutive week, Nigeria and airport biometrics made headlines on Biometric Update, though for different reasons. Several of… |
| Sep 13, 2019 | Yitu and VisionLabs impress in latest NIST facial recognition test resultsThe latest results from the National Institute of Science and Technology’s (NIST’s) Ongoing Facial Recognition Vendor Test (FRVT) for Verification… |
| May 16, 2019 | CLEAR and YITU represent biometrics industry on CNBC Disruptor 50 listA pair of biometric companies have been recognized on the CNBC Disruptor 50 list of private companies changing the world… |
| Mar 6, 2019 | Little overlap between NIST facial recognition testing leaders and U.S. government providersWired is asking “Why Chinese Companies Plug a U.S. Test for Facial Recognition” in an article highlighting the placement of… |
| Feb 18, 2019 | Face biometrics startups lead AI sector in attracting major investmentFacial recognition companies are leaders among the ranks of artificial intelligence startups attracting major investments, with SenseTime totaling $1.63 billion… |
| Jan 31, 2019 | YITU opens AI research and development center in SingaporeYITU Technology today announced the launch of the YITU Singapore Research & Development Center. This is the company’s first R&D… |
| Dec 11, 2018 | YITU develops highly accurate Mandarin speech recognition systemYITU Technology has developed a Mandarin speech recognition system it says provides an unprecedented degree of accuracy, leveraging its artificial… |
| Dec 4, 2018 | Facial recognition 20 times more accurate with advances in convolutional neural networks, NIST findsFacial recognition algorithms can identify matches with error rates as low as 0.2 percent given good quality photos, 20 times… |
| Nov 22, 2018 | YITU holds on to place atop NIST Facial Recognition Vendor Test leaderboardYITU has announced a win in the ongoing NIST Facial Recognition Vendor Test (FRVT), which the company says it the… |
| Oct 11, 2018 | YITU shares insights on the role of AI in building smart cities at UNIDO eventYITU Technology was featured this week in Vienna at the 3rd “Bridges for Cities – Belt and Road Initiative: Developing… |
| Sep 18, 2018 | Artificial intelligence community seeks international collaboration at industry conferenceAs China and the U.S. add new tariffs in their ongoing trade dispute, Chinese Vice-Premier Liu He told an audience… |
| Sep 17, 2018 | YITU honored for its facial recognition platform at WAIC 2018YITU Technology picked up the Super AI Leader award (SAIL Award) at this year’s World Artificial Intelligence Conference (WAIC) in… |
| Jul 18, 2018 | Yitu and Sensetime bid on facial recognition contract for new Beijing airportYitu and SenseTime are preparing bids to provide facial recognition to Beijing’s new $12 billion airport, South China Morning Post… |
| Jul 16, 2018 | YITU picks up $100M in new funding roundChinese facial recognition software developer YITU Technology has received a new C+ round investment of US$100 million from China Industrial… |
