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Biometrics unicorns Megvii and SenseTime’s revenues reportedly bounced back from Entity List impact

Top Chinese biometrics unicorns Megvii and SenseTime are not experiencing prolonged difficulty raising funds or winning foreign contracts despite the blocks put…

 

U.S. bans business deals with leading Chinese biometrics providers

Tensions generated by COVID-19, China’s actions in Hong Kong and an extensive trade war have led to the U.S. government’s…

 

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…

 

Trust Stamp to file for €29M IPO in Ireland, delayed SenseTime offering may face long wait

An authentication and a biometrics provider have each been planning initial public offerings on different continents, but one is expected…

 

Biometrics embraced by major payment networks as contactless fingerprints put to the test by NIST

The enthusiasm with which two of the world’s largest payment networks are embracing biometrics stands out in another blockbuster news…

 

AISpeech $58M funding round highlights China’s continuing interest in speech recognition

Speech recognition player AISpeech Company Ltd. this month received RMB 410 million (US$58 million) in a series E round, led…

 

Megvii gets green light for $500 million Hong Kong IPO

Chinese artificial intelligence unicorn Megvii received a green light from the stock exchange for $500 million Hong Kong IPO, Reuters…

 

CES 2020 demos to show consumer biometrics growth and new applications

Consumer Electronics Show (CES) 2020 seems likely to feature more biometric technologies and applications than ever before, as the cutting-edge…

 

Facial recognition payment systems rolled out in Denmark, growing rapidly in China

Nets has rolled out biometric facial recognition payment trials for 1,000 people in Copenhagen to see how people react to…

 

SenseTime to lead Chinese working group setting facial biometrics standards

A national-level working group led by SenseTime has convened in China to set standards for biometric facial recognition, as privacy…

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