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YITU Technology Biometrics News


Yitu files application for major face biometrics IPO in China

Yitu 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 network

With $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 exchange

Yitu 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 CTO

Yitu 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 providers

The 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 news

For 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 results

The 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 list

A 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 providers

Wired 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 investment

Facial 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 Singapore

YITU 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 system

YITU 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 finds

Facial 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 leaderboard

YITU 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 event

YITU 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 conference

As 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 2018

YITU 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 airport

Yitu 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 round

Chinese facial recognition software developer YITU Technology has received a new C+ round investment of US$100 million from China Industrial…

Jun 28, 2018

YITU takes top spot on NIST Facial Recognition Vendor Test leaderboard

YITU Technology has taken first place on the NIST facial recognition testing leaderboard for the second year in a row,…

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