AI Technology & Industry Review
Although there are many means for identifying and locating a missing person — police and amber alerts, photos and biometrics such as fingerprints and even facial recognition — few of these resources are available for finding a lost dog, and about 75 percent of dogs in the USA are not microchipped.
Chinese AI unicorn Megvii Technology has proposed a new single-path, one-shot NAS design approach which makes various applications more convenient and achieves start-of-the-art performance on the large dataset ImageNet.
According to Reuters, leading Chinese AI unicorn Megvii Technology (also known as Face++) has begun raising a new round of funding with a target of US$500 million. This would will bring the company’s value to an estimated US$3.5 billion.
Beijing-based computer vision unicorn Megvii Technology runs the world’s largest face-recognition technology platform, Face++. The company provides innovative solutions for object detection and image recognition using AI-powered techniques.
From 2015 – 2017 over 450 Chinese AI startups received funding totaling CN¥30 billion (US$4.8 billion). Although the number of funding rounds declined in 2017, the year’s total funding was more than double the total for 2015 and 2016 combined.