SenseTime is a Chinese company making AI algorithms. It is currently valued above US$8Billion and was blacklisted by US authorities. What are you to expect from a company with a market capitalization of more than US$8billion? Continue reading to learn more. This article will also provide insight on what to expect of a Chinese AI company. If you're interested in AI for your phone, what should you do? Here are a few things to consider.
SenseTime can be described as a Chinese company
Although a number of regulatory steps against Chinese tech companies may be easing, SenseTime's troubles appear to be falling under a different category. The US government had banned eight Chinese companies three years ago. This was due to Beijing's brutal crackdown on Uyghur Muslims in Xinjiang. China has repeatedly denied the allegations. Now, the Chinese company has been rebuked by the Treasury Department for its controversial listing.
This makes AI algorithms more powerful
"Does SenseTime use AI algorithms?" The short answer is yes. SenseTime creates AI algorithms and licenses them for customers. It sells AI software and embedded hardware. However, it recently began offering AI-embedded model production as an option. Its business model is similar to Adobe's, which sells digital goods that are both specialized and universally useful.
It is worth more than US$8billion
SenseTime, a China-based startup valued at more US$8.3 billion, is one the most successful. The company is focused upon facial recognition technology. Softbank, Temasek Holdings as well as Alibaba Group Holdings have all contributed more than US$1.6billion to the fund. Its AI technologies have been applied in a variety of applications, including education and unmanned vehicles. Its technology also provides the company with AR and AI special effects.
It has been blacklisted by the US
SenseTime is a Chinese firm that creates facial recognition software for companies. SenseTime is a Chinese company that makes facial recognition software for businesses. SenseTime has been placed on the Department of Commerce’s blacklist. This means that American companies cannot sell to or provide tech to them. This ban is particularly problematic for AI companies that operate in China. SenseTime's AI software was used to monitor Uyghurs in China. This technology is a major part of China's surveillance system.
It has over 400 clients
SenseTime operates offices in Hong Kong as well as Shenzhen (Shanghai), Shanghai (Shanghai), Chengdu, Singapore, and Kyoto. China Mobile (HNA Group), Wanda Group, and Wanda Group all serve as strategic partners. SenseTime is a global company that attracts top talent with offices located in major cities. The company is a leader in technology and has social media accounts on Weibo, WeChat, and Weibo.
It features a supercomputing platform featuring 8,000 GPUs
SenseTime is building a supercomputing platform for deep learning with more than 8,000 GPUs, making it one of the largest in China. Compared to the Piz Daint supercomputer, SenseTime's supercomputer can process hundreds of billions of images and build models with hundreds of billions of parameters. To develop its AI technology, the company has partnered with top technology companies like Nvidia. SenseTime has a plan to build five supercomputers in major Chinese cities in the next year, and will use the funding to develop these machines.
It also has a healthcare division.
SenseTime has created an AI-powered platform that supports various healthcare areas. SenseCare(r), Smart Health Platform, is one of the company’s products. This platform offers healthcare applications across 13 organ systems and in the fields neurology, orthopedics, pathology and pathology. SenseCare (r) was designed to support doctors throughout the entire clinical process. It also meets the requirements of many departments. SenseTime's Healthcare division offers AI-powered solutions for healthcare professionals to improve the efficiency of their practices.
FAQ
Where did AI come?
The idea of artificial intelligence was first proposed by Alan Turing in 1950. He stated that intelligent machines could trick people into believing they are talking to another person.
John McCarthy, who later wrote an essay entitled "Can Machines Thought?" on this topic, took up the idea. In 1956, McCarthy wrote an essay titled "Can Machines Think?" He described the problems facing AI researchers in this book and suggested possible solutions.
Which countries are leading the AI market today and why?
China has more than $2B in annual revenue for Artificial Intelligence in 2018, and is leading the market. China's AI industry is led Baidu, Alibaba Group Holding Ltd. Tencent Holdings Ltd. Huawei Technologies Co. Ltd., Xiaomi Technology Inc.
China's government is heavily investing in the development of AI. The Chinese government has established several research centres to enhance AI capabilities. These centers include the National Laboratory of Pattern Recognition and State Key Lab of Virtual Reality Technology and Systems.
China also hosts some of the most important companies worldwide, including Tencent, Baidu and Tencent. These companies are all actively developing their own AI solutions.
India is another country where significant progress has been made in the development of AI technology and related technologies. India's government is currently focusing its efforts on developing a robust AI ecosystem.
What is AI used today?
Artificial intelligence (AI), also known as machine learning and natural language processing, is a umbrella term that encompasses autonomous agents, neural network, expert systems, machine learning, and other related technologies. It's also called smart machines.
The first computer programs were written by Alan Turing in 1950. He was intrigued by whether computers could actually think. He proposed an artificial intelligence test in his paper, "Computing Machinery and Intelligence." The test asks if a computer program can carry on a conversation with a human.
John McCarthy in 1956 introduced artificial intelligence. He coined "artificial Intelligence", the term he used to describe it.
We have many AI-based technology options today. Some are very simple and easy to use. Others are more complex. They include voice recognition software, self-driving vehicles, and even speech recognition software.
There are two main categories of AI: rule-based and statistical. Rule-based uses logic to make decisions. For example, a bank account balance would be calculated using rules like If there is $10 or more, withdraw $5; otherwise, deposit $1. Statistic uses statistics to make decision. For example, a weather prediction might use historical data in order to predict what the next step will be.
How does AI work?
An artificial neural system is composed of many simple processors, called neurons. Each neuron receives inputs and then processes them using mathematical operations.
Layers are how neurons are organized. Each layer performs a different function. The raw data is received by the first layer. This includes sounds, images, and other information. It then passes this data on to the second layer, which continues processing them. The last layer finally produces an output.
Each neuron has an associated weighting value. This value is multiplied when new input arrives and added to all other values. The neuron will fire if the result is higher than zero. It sends a signal down to the next neuron, telling it what to do.
This is repeated until the network ends. The final results will be obtained.
Statistics
- According to the company's website, more than 800 financial firms use AlphaSense, including some Fortune 500 corporations. (builtin.com)
- More than 70 percent of users claim they book trips on their phones, review travel tips, and research local landmarks and restaurants. (builtin.com)
- In the first half of 2017, the company discovered and banned 300,000 terrorist-linked accounts, 95 percent of which were found by non-human, artificially intelligent machines. (builtin.com)
- While all of it is still what seems like a far way off, the future of this technology presents a Catch-22, able to solve the world's problems and likely to power all the A.I. systems on earth, but also incredibly dangerous in the wrong hands. (forbes.com)
- That's as many of us that have been in that AI space would say, it's about 70 or 80 percent of the work. (finra.org)
External Links
How To
How to build a simple AI program
It is necessary to learn how to code to create simple AI programs. Many programming languages are available, but we recommend Python because it's easy to understand, and there are many free online resources like YouTube videos and courses.
Here's a quick tutorial on how to set up a basic project called 'Hello World'.
First, open a new document. On Windows, you can press Ctrl+N and on Macs Command+N to open a new file.
Type hello world in the box. Enter to save this file.
Now press F5 for the program to start.
The program should show Hello World!
But this is only the beginning. You can learn more about making advanced programs by following these tutorials.