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Alibaba-backed Ai Unicorn Behind Xinjiang's Facial Recognition Raises $750M

by forbes.com posted 2months ago 33 views
Megvii, the company behind the Xinjiang facial recognition technology exposed by Human Rights Watch just days ago, has announced the raise of $750 million ahead of a proposed IPO in Hong Kong. The unicorn is now valued at $4 billion. Surveillance in China is a lucrative business, to say the least.