Making Facial Recognition Smarter With Artificial Intelligence
A screen shows a demonstration of the cognitive level of a facial recognition software at the Ericsson AB booth at the Mobile World Congress Shanghai in Shanghai, China, on Thursday, June 28, 2018. The global videos surveillance market is expected to post a compound annual growth rate of close to 11% during the period 2018-2022 according to Technavio. The potential benefits of leveraging artificial intelligence (A) in the physical security industry have pros and cons on both sides, but the debate over the ethical ways to leverage AI and surveillance continues as more and more surveillance systems are getting the brains to match what they see. AI startups like Boulder AI, which offers a vision-as-a-service and IC Realtime, which lets you search and analyze your video feeds from CCTV system; are gaining traction. Alongside the Chinese facial recognition startups like Megvii's Face with $600 million in private equity; SenseTime with $62o million from a series C; and, Yitu Technology with $300 million from a series C, the potential uses of facial recognition technology are well funded.