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Yitu Technology
Chinese facial recognition company From Wikipedia, the free encyclopedia
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Yitu Technology, stylized as YITU, is a Shanghai-based artificial intelligence company that develops facial recognition systems. The company was founded in 2012 by Leo Zhu and Lin Chenxi.[1] Yitu's software, branded as Dragonfly Eye, is used by public security bureaus throughout China to identify individuals and vehicles.[1]
Leo Zhu, the company's CEO, received his Ph.D. in statistics from University of California, Los Angeles and conducted post-doctoral research at the MIT Computer Science and Artificial Intelligence Laboratory.[1] Yitu is financially backed by the Industrial and Commercial Bank of China, Sequoia Capital, and Hillhouse Capital.[2][3][4] Yitu's chief operating officer, Zhang Xiaoping, also serves as the chief investment officer of G42.[5]
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In 2017, Yitu took first place in a contest for facial recognition algorithms held by the Office of the Director of National Intelligence.[6] In 2018, Yitu partnered with Huawei to enhance its smart cities projects.[7][8] The same year, Yitu established an office in Singapore and signed a deal with the Royal Malaysia Police for facial recognition software.[4] In 2019, the Chinese government named Yitu one of its "national champions" in artificial intelligence.[9] In 2021, Yitu withdrew its initial public offering application on the Shanghai Stock Exchange STAR Market following regulatory scrutiny and announced its intention to list on the Hong Kong Stock Exchange.[3]
US sanctions
In October 2019, the United States Department of Commerce added Yitu to the Entity List for alleged involvement in human rights abuses in Xinjiang.[10][11] In December 2021, the United States Department of the Treasury added Yitu to its "Chinese military-industrial complex companies" (CMIC) blacklist.[12] In January 2024, the United States Department of Defense named Yitu on its list of "Chinese Military Companies Operating in the United States."[13]
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