(Reuters) – The US government expanded its black trading list on Monday to take account of some of China's key artificial priorities (AI) during the treatment of Kenya on Muslim minorities.
PHOTO FILE: Chinese and US flags approaching the Bund, before a US trade delegation meets with their Chinese counterparts for talks in Shanghai, China 30 July, 2019. REUTERS / Aly Song / File Photo / File Photo
Below are details of the large companies that have been placed on the black list, which prevents them from purchasing components from US companies. The move is likely to impact not only on them but on their suppliers, customers and financial supporters.
Hangzhou Hikvision Digital Technology Co. Ltd is formally known as the world's largest editor of video surveillance systems.
It is also a seller for police agencies in Xinjiang, where international criticism is drawn by Uighurs.
Hikvision was not allowed to sell them to US federal government agencies from mid-August onwards because of a law that hampered five Chinese firms as potential security threats because their products could have access to permitting sensitive systems.
The company, with a market value of around $ 42 billion, is 42% owned by Chinese state investors and its two main founders. It draws nearly 30% of its 50 billion yuan ($ 7 billion) in annual revenue from abroad.
Hikvision does not reveal suppliers, but Japanese video interface firm, Techpoint Inc, said in a regulatory filing in March that Hikvision represented 62% of its annual income in 2018.
A losing business with Hikvision could have a negative impact on his business, the Japanese company said.
John Honovich, founder of IPVM's video-research surveillance company, said that Hikvision and Dahua, another listed company, Intel Corp, Nvidia Corp, Ambarella Inc, Western Digital and Seagate Technology were used as suppliers.
The impact of the enlistment on Chinese companies would be “terrible”, he said.
SENSETIME GROUP LTD
Incorporated in 2014 following investment from IDG Capital, SenseTime is one of the fastest growing AI starters in China.
SenseTime is based in Beijing and Hong Kong, and develops applications for facial recognition, video analysis and other areas including autonomous drive.
Its technology employs AI to identify and analyze these identities through the use of cameras, and the Chinese authorities used it to track and capture suspects in public spaces such as airports and festivals.
It says it is worth more than $ 7.5 billion. A new investment has come from SoftBank Group Corp, a person familiar with it. Other supporters include Fidelity International, Hopu Capital, Silver Lake, and Tiger Global.
The firm has also received funding from Alibaba and Suning.Com Co Ltd, e-commerce firms which are state-funded and supported by Qualish Inc..
SenseTime is the Chinese Ministry of Public Security and the major local loads such as China Mobile, HNA Group and Huawei Technologies as key clients.
OPPO and Vivo smartphone brands are offered identification of unlock faces and related technologies.
The company said in February that it will create an alliance with the Massachusetts Institute of Technology (MIT) to promote research on AI.
MEGVII TECHNOLOGY LTD
The company, which was founded by CEO Yin Qi in 2011 and two friends from Tsinghua University, is preparing an initial public offer in Hong Kong to raise at least $ 500 million.
Megvii will be widely known about Face ++'s face recognition platform, the first Chinese AI business to be publicly available if the discussion progresses.
The company provides other facial recognition and AI technology for governments and companies including Alibaba, Ant Financial, Lenovo Group Ltd and Huawei.
The $ 750 million undertaking collected in May 2018 was worth more than $ 4 billion.
He raised funds from Alibaba, Ant Financial, Foxconn Technology, Investment Group of China Group (BOCGI) Ltd., a private equity arm of the state bank, Macquarie Group, and ICBC Asset Management (World).
Abu Dhabi Investment Authority, one of the world's largest wealthy commanders, also took part in fundraising.
IFLYTEK CO. LTD
Established in 1999, the speech recognition firm in AI is a national voice-related champion.
China Mobile China-owned China is the largest shareholder in iFlytek with a share of 12.85%, according to its 2018 annual report.
Last year, the MIT announced a five-year agreement with IFlytek which would help the Chinese company underwrite three research projects at the Artificial Computer Science and Information Laboratory (CSAIL).
The projects relate to AI in health care, speech recognition, and to what CSAIL reported in its announcement which created “AI more like people”.
Named a procurement announcement for 2016 iFlytek subsidiary as the sole supplier of 25 “voice” collection systems to police in Kashgar, a city in Xinjiang, which was reported earlier by Reuters.
Another iFlytek unit signed a deal with Xinjiang prison administration bureau.
Zhejiang DAHUA TECHNOLOGY
The manufacturer of video surveillance equipment went public in 2008 and is among five firms barred from sale to US government agencies, as well as Hikvision.
The company, which states it is the world's second largest surveillance provider, says its products and services are applied across 180 countries and regions.
His products were used in events such as the Rio Olympics, Hangzhou G20 Summit, and a subway project in Brazil.
XIAMEN MEIYA PICO INFORMATION CO
The company is a data retrieval expert established in 1999 and states that it provides products and services to law enforcement and government agencies worldwide.
His digital forensic services include the use of digital media such as computers, mobile phones and data storage cards.
The company says it provided security support for events such as the Beijing Olympics, Guangzhou Asian Games and Shanghai World Expo.
The facial recognition technology company was established in 2012 and collected money from investors including Sequoia Capital, Jack Ma Yunfeng Capital's private equity fund, and Hillhouse Capital Group.
The company requires that its face recognition platform has more than 1 billion faces identified within the latter.
He said in 2015 that his technology is used at 1,500 Chinese Merchant Bank outlets. He worked with Alibaba Cloud to build a cloud platform for intelligent behavior management.
Reporting by Miyoung Kim in Singapore, Josh Horwitz in Shanghai, Mungsif Vengattil in Bengaluru; Edited by Jan Harvey
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