Bing Xu, co-founder of SenseTime at the Goldman Sachs Private Innovative Company Conference (PICC) in Las Vegas. SenseTime raised $2B in 2018
Face recognition:
“With 60M training images, we got to 10^-6 error rate.
With 2B images, we got to 10^-8
We are now 10^-9s
Our competitor is 10^-7.”
Among the applications: “non-cooperative facial recognition” and gulp… “liveness detection”
“Facial payments are coming in 2-3 years. It will start in Japan and Korea first because of their smaller population size. China is too big. We enable 30M to do facial payment in a test. 500M bank face registration.”
One application: Male and female viewers see different promotional products (e.g., shoes for men vs women) embedded in various videos.
I took a short video of his AI superpower claims.
Watching you in your car…
Automotive: "Hyundai $100M contract to buy our object recognition algorithms (for cars, trees, etc). Scene analysis, route planning with multi-layer risk map, driver monitoring (face recognition, expression recognition, fatigue recognition, gesture and action recognition)."
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