The world's hottest AI unicorn: Shangtang Technology is expected to introduce visual identity applications to Taiwan

Known as the world's hottest AI unicorn, Xu Li, the founder of Shangtang Technology, was invited by the sincere information to come to Taiwan to participate in the "AI4IA Application Exhibition and Trend Forum". In addition to talking about the future development of artificial intelligence (AI) On the other hand, it also expressed its hope to enter the Taiwan market. At present, Shangtang Technology is also expected to introduce visual identity applications into Taiwan this year and push it to the financial or retail industry.

Shangtang Technology has received much attention. Perhaps the name in Taiwan is not enough for everyone, but at the moment when the global AI development is accelerated, Shangtang Technology is growing at an alarming rate. At the end of last year, Shangtang Technology just started the C-round investment and introduced Qualcomm and Alibaba and other heavyweight gold owners. It is expected to raise US$500 million, setting a record for AI Unicorn financing.

In fact, in the two rounds of financing in A and B, Shang Tang had respectively received 120 million US dollars and 410 million US dollars, setting a record for global single-round financing in the field of artificial intelligence, plus the heavyweight investor in the C round. Technology has become a hot investment target in the world, and it has become the largest AI unicorn in the mainland. The market value is estimated to exceed RMB 10 billion.

Shangtang Technology is famous for its original face recognition technology. It has patents all over the world. Although it was established in just three years, its scale and market share are not lost to any large enterprise. It has more than 400 large-scale enterprise partners in the market, including Xiaomi, Huawei, Jingdong, etc. Even the Ministry of Public Security of the mainland applies the face recognition technology of Shangtang Technology to the field of security monitoring.

Shangtang Technology's visual identity technology can be applied in a variety of areas, including urban security, smart phone terminal applications, driverless, medical, transportation, retail, and catering. For example, the global retail leader Wal-Mart's supermarkets in the mainland can steal up to more than RMB 3 million per year due to theft, and actively identify the thieves through the face recognition technology of Shang Tang Technology.

In addition, due to the large population and the large number of tourists in the mainland, the crowds of large-scale transportation hubs are often comparable to the New Year's Eve. For this reason, some local stations also introduce face recognition at the gate entrance and exit, which can be quickly cleared within two seconds to solve the station. The bottleneck caused by manual verification can reduce the cost of manual verification of tickets by more than 75%.

The reason why Shangtang Technology can rise rapidly is partly due to the mainland's AI strategy. The mainland sprint AI spares no effort, except that it will spend $2.1 billion to set up a national-level AI park in Beijing, and set a goal to reach world-class leading level in 2030.

Xu Li, the founder of Shangtang Technology, was recently invited by Jingcheng to participate in the "Ai4iA Application Exhibition and Trend Forum". Standing on the wave of global AI development, Xu Li also expressed his views on the future development of artificial intelligence. He believes that even though many technology giants have doubts about AI, it seems that AI still does not have the ability to rule humans. Factors, but an excellent tool to improve production efficiency.

Xu Li further said that in the industry's forecast, the biggest breakthrough of AI in the next decade is still to replace the existing labor-intensive industries. In 2035, it is expected to increase global labor productivity by more than 40%. For the future development of Shangtang Technology, relying on the core deep learning original technology to give energy to different industries, so in the artificial intelligence ecosystem, Shangtang Technology is more inclined to cooperate with technology giants than to compete.

In order to promote the development momentum of AI, in the future, Shangtang Technology will continue to seek the best partners around the world. Xu Li also expressed interest in the Taiwan market during the meeting, and hopes to cooperate with partners to introduce the visual identification application of Shangtang Technology to Taiwan. To promote more corporate customers, it is expected to be introduced into the financial and retail industries this year.

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