Data Science Investment Counter —Funding raised by UK data science companies in 2018.
£ 5.640 Million
face recognition

  Chinese face-recognition technology company Megvii has raised £350 million from a group of investors, including Alibaba founder Jack Ma’s Ant Financial and state-backed Chinese funds, Bloomberg reports. Existing investor Foxconn Technology Group—a Taiwanese electronics manufacturer that counts Apple among its customers—also partook in the round. The company had already secured backing from the Russia-China Investment fund, […]

The company that gave London its Oyster card is working on a new technology that might allow us to use our faces as train tickets. According to WIRED UK, San Diego-based Cubic Transportation System is developing a ticketing system relying on facial recognition to speed up payments and reduce queuing times. In particular, Cubic’s new tech would […]

Today in Big Brother (Большой Брат?) news: Russian capital Moscow is going to pimp up its (massive) network of CCTV cameras with sophisticated facial recognition software, with the apparent aim of tracking criminals as they roam the city’s streets. The system was created by Russian AI company NTechLab (the owner of controversial deanonymising company FindFace) and […]

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