Yitu banks on AI growth

Updated 2017-09-13 10:00:32 Shanghai Daily

Yitu Technology seeks to expand its artificial intelligence services into the medical and finance industries, the Shanghai-based startup said yesterday.

Zhu Long, chief executive and co-founder of Yitu, said the AI market demand of the medical industry will be at least 10 times bigger than that of the security industry.

Yitu, which is tapping facial recognition technology as one of the hottest sectors of AI, offers portrait comparison system for the public security bureaus in 20 provincial areas across China as well as customs.

Yitu has offered AI services for ATMs of banks like China Merchants Bank, and also used AI to help radiologists "read" X-rays in several hospitals.

China's blueprint envisages the value of its AI sectors to exceed 150 billion yuan ( billion) by 2020 and 400 billion yuan by 2025, the State Council said recently.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58February 24 2019 06:43:30

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16February 24 2019 06:43:30

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18February 24 2019 06:43:30

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

China World Business Sports Showbiz Audio
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
China World Fun Travel Entertainment Sports
Beijing Shanghai Guangzhou
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords