Artificial Intelligence Giant SenseTime Moves Further Beyond Facial Recognition Systems With New Initiative in Manufacturing Sector

Feb 15, 2022

Artificial Intelligence Giant SenseTime Moves Further Beyond Facial Recognition Systems With New Initiative in Manufacturing Sector

SenseTime, a Hong Kong-based software business that operates the world's biggest artificial intelligence (AI) platform, is expanding beyond face recognition systems by extending its technology to the car components manufacturing industry.

The company, which went public in Hong Kong last December, announced on Monday the launch of an AI-enabled automated engine defect detection system in conjunction with SenseSpring - its proprietary industrial quality inspection training platform - for use by Beijing Foton Cummins Engine Co (Foton Cummins), the world's largest independent engine manufacturer.

According to SenseTime, this AI infrastructure enables Foton Cummins to detect surface and assembly defects in critical engine components, freeing workers from tedious manual quality inspection work. This marks a significant milestone in the Beijing-based company's adoption of intelligent manufacturing systems.

Foton Cummins is a joint venture between Beiqi Foton Motor Co and Cummins Inc, a maker of diesel engines in the United States.

The collaboration with Foto Cummins is anticipated to bolster SenseTime's credentials in the Fourth Industrial Revolution, more often referred to as Industry 4.0. This entails the automation of old production processes and the updating of industrial practices via the application of current smart technologies in order to assist businesses in increasing their efficiency and profitability.

This also enables SenseTime to compete with other Chinese technology behemoths. Baidu, for instance, established its own AI product assessment service in 2017, with clients including state-owned automakers Shougang Group and FAW Group.

China's fledgling industry inspection market reached US$142 million in 2020, with Baidu, Huawei Technologies Co, Alibaba Group Holding, and AInnovation leading the charge. The South China Morning Post is owned by Alibaba, an early investor in SenseTime.

SenseTime's current manufacturing endeavor comes months after the Biden administration sanctioned China's largest AI business for suspected human rights violations in Xinjiang.

The US Treasury Department accused SenseTime of creating face recognition systems capable of "determining a target's ethnic origin, with a special emphasis on identifying ethnic Uygurs." SenseTime has been put on Washington's investment blacklist, thereby prohibiting Americans from purchasing the company's stock.

However, investors shrugged off the uproar and fears about the impact of US sanctions, as the company rose more than predicted on its market debut. SenseTime's shares fell 2.38 percent to HK$6.55 on Monday.

SenseTime said in August last year that its huge AI platform may be used to power the intelligent cockpit and autonomous driving capabilities in up to 20 million automobiles over the next several years.

The firm, which was started by a group of professors at the Chinese University of Hong Kong, has partnered with 30 automobile manufacturers, including Japan's Honda Motor Co. and China's Great Wall Motors and Chery Automobile.

Subscribe Our Newsletter

Forecast of UK Interest Rates: Should We Expect a Cut?

Nato

Forecast of UK Interest Rates: Is the Bank of England Planning a Cut Soon?

Explore the latest updates on the forecast of UK interest rates as the Bank of England contemplates a potential cut.

Banks and Finance
Advantages and Peqularities of Over-the-Counter Crypto Trading

Muhammad

Advantages and Peqularities of Over-the-Counter Crypto Trading

The cryptocurrency market has matured significantly, with participants ranging from retail traders to institutional investors.

Crypto
Get the ultimate solution: B2BinPay Get the ultimate solution: B2BinPay
Sponsored
Liquidity Provider

What is Liquidity Mining?
The value of bitcoin and other cryptocurrencies has surged, drawing the interest of the general public. The fast rise of decentralized finance is also a significant element. Investors may employ cryptocurrencies and fiat money in a variety of ways to produce cash flow.

discover
Explaining Forex Liquidity Providers

Anna

Forex Liquidity Providers: Their Role in the Forex Market

Liquidity is the most critical component of the FX market. Liquidity providers are key players in the market, ensuring smooth trades and narrow bid-ask spreads.

Liquidity
Contact us bg

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Successful!
    Thank you for your request.
    We will contact you shortly.
    Close

    Vitaliy

    Triangle Patterns in Trading: Mastering Ascending, Descending & Symmetrical Strategies for Maximum Profit

    Triangle Patterns in Trading: Ascending, Descending & Symmetrical Guide

    Alexander

    What Is COTI? Payments, Token & Price Prediction

    What is a COTI coin

    Constantine

    Best Copy Trading Software in 2025

    Best Copy Trading Software in 2025

    Alex

    What Is an AI Agent? The Future of Finance Explained

    AI Agent Explained

    Constantine

    How to Start a Liquidity Provider Business?

    How to Start a Liquidity Provider Business

    Constantine

    How to Start a White Label Brokerage?

    How to start a white label brokerage

    Constantine

    How to Start a Multi-Asset Brokerage?

    How to Start a Multi-Asset Brokerage

    Hazem

    Crypto Ransomware – How They Happen and How to Avoid Them

    Crypto ransomware explained

    Constantine

    Best Web3 Browsers in 2025

    Best Web3 Browsers

    Constantine

    Best DAO Projects in 2025

    Best DAO projects in 2025

    Alexander

    Crypto Nodes That Pay: Your 2025 Guide to Top Passive Income Opportunities in Crypto

    crypto nodes that pay

    Alex

    Pi Network: Scam or Groundbreaking Crypto? The Full Analysis

    Pi Network Explained

    Constantine

    Triple Net Lease: Meaning, Benefits, and Strategies Explained

    Triple Net Lease

    Constantine

    Hanging Man Pattern: How to Identify and Trade It Effectively

    Hanging Man Pattern

    Alex

    5 Infinite Banking Mistakes That Could Cost You Thousands

    Infinite Banking Mistakes to Avoid

    Aleksander

    Solana Firedancer: Solving Solana’s Biggest Problems with a New Engine

    Solana Firedancer explained

    Alexander

    What Is an Interest Coverage Ratio? How to Use This Financial Metric to Evaluate Company Health

    Interest Coverage Ratio Explained

    Hazem

    After-Hours Trading: Can You Trade After Financial Markets Close?

    After-Hours Trading Explained

    Alexander

    How to Scale a Crypto Exchange Business and Stay Competitive

    how to scale crypto exchange business

    Constantine

    Crypto CrypticStreet Review: The Future of DeFi and Secure Crypto Trading

    Crypto CrypticStreet Review: The Future of DeFi and Secure Crypto Trading

    Alexander

    Bitcoin Power Law Explained: How It Shapes BTC’s Long-Term Growth

    Bitcoin Power Law Explained: How It Shapes BTC’s Long-Term Growth

    Hazem

    Megaphone Pattern​: What Is It? How to Use It In Trading

    Megaphone Pattern​: How to Read & Trade with It

    Constantine

    Top 5 Liquidity Bridge Providers in DeFi

    Top 5 Liquidity Bridge Providers in DeFi

    Hazem

    Max Funded IUL Explained: Is It a Legitimate Financial Strategy?

    Understanding Max Funded IUL
    liquidity-provider-logo
    • News
      • Stock Market Forecast
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
      • AI
      • Technology
      • DeFi
      • NFT
    • Articles
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
      • Blockchain
      • Investing
      • NFT
      • DeFi
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
      • White Label Brokerage Platforms
      • Broker CRM Platforms
    [email protected]

    © 2024 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy
    This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.