Hints and tips:
...“Beijing and businesses have long banked on a global willingness to put profits ahead of humans’ rights — even in the face of crimes against humanity,” she said....
...[In 2019, the US blacklisted Face++’s owner, Megvii, citing violations of Uyghurs’ human rights; the company said the move lacked “any factual basis”.]...
...Companies from China dominate the pipeline, with ride-hailing group Didi Chuxing, artificial intelligence group Megvii and, potentially, TikTok owner ByteDance all set for initial public offerings in the...
...Its facial recognition technology has been widely used to identify masked faces and take temperatures remotely. But development of new tech requires continued funding....
...SenseTime’s biggest local rival, Megvii, had scrapped its Hong Kong listing plans last year after it was also placed on a US trade blacklist....
...DeepMind, a British company acquired by Google, competes with Chinese AI companies led by SenseTime, Megvii, Yitu and CloudWalk....
...But the first significant attempt to issue CDRs by smartphone maker Xiaomi fell apart in the face of regulatory demands from Beijing....
...“The goal is clear: getting to a space largely free of the type of threats that ZTE, Huawei, Megvii, and Sugon now face,” he added, naming some of the Chinese companies that over the past two years have...
...as SenseTime and Megvii....
...But since Trump faces legal checks and balances, these two orders have gone nowhere....
...Meanwhile, Ant-backed Megvii is set to be the first Chinese AI group to go public. But the US-sanctioned company is bleeding cash....
...The company, founded in 2011 and known for its Face++ facial recognition platform, was valued at $4bn in its latest funding round in May last year....
...The company, known for its facial recognition system Face++, was founded in 2011 and is planning to be the first Chinese AI firm to go public....
...The coronavirus epidemic has hit dealmaking in China, causing the number of acquisitions and initial public offerings to tumble as bankers are barred from travel and face-to-face negotiations remain impossible...
...China’s leading AI start-ups, including Megvii and SenseTime, are raising money and winning overseas contracts despite landing on the US entity list last year....
...Both Megvii, previously known as Face++, and its main rival SenseTime have been reported to be considering initial public offerings this year....
...From making payments at stores to going through airport customs, many tasks in China can now be easily done through face scans....
...However, the IPO of Megvii, the $4bn Chinese facial recognition company, now faces significant obstacles, with the Hong Kong exchange pushing back following Megvii's blacklisting by the US government. 3...
...Alibaba, SenseTime and Megvii were among Chinese groups using an experimental database of 10m facial images Microsoft deleted this week....
...Madhumita Murgia, who wrote in April about how researchers are scraping our images from social media and CCTV, reveals today that Microsoft has quietly pulled from the internet its database of 10m faces....
...It is one of a clutch of Chinese tech companies — along with Dahua, SenseTime and Megvii, among the world’s leading artificial-intelligence software vendors — to have been blacklisted by Washington over...
...A representative from facial recognition company Megvii, who declined to be named, said emotion recognition technology was being widely developed and used within government, particularly public security...
...“In short, the risk is that by seeking to make life difficult for Chinese companies listed in the US, Washington could end up cutting off its nose to spite its face.”...
...At the same time, Mr Prosper would “give guidance for the future, in any situation, in China or elsewhere, on how to best position themselves so they don’t face these types of risks going forward”....
...All aside from Megvii are listed on China’s A-share market....
International Edition