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Big Investors Are Placing Bets On China

by gulfnews.com posted 2months ago 24 views
China’s facial recognition start-ups are attracting big investments. : China’s facial recognition start-ups are attracting big investments at a time when Silicon Valley’s giants are facing a backlash over their use of the technology.In the past week, Chinese facial recognition companies, according to a pair of reports, were close to raising as much as $1.6 billion (Dh5.8 billion). Those investments would build on billions of dollars that investors have already put into the companies.The investments reflect facial recognition’s embrace by Beijing, which has created a better environment for companies to test the technology than in the West.