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The first cashier-less store in Beijing Photo:Chen QingqingGT Alibaba Chairman Jack Ma Yun demonstrates facial recognition technology. Photo: Courtesy of Face++
When staff members of Megvii Technology Inc punch in Koen Casteels Belgien Trikot , they only have to pass through an automated gate and their name will appear on the screen above it.


"We can also use this self-developed facial recognition technology to welcome visitors. If the camera behind this gate doesn't recognize someone's facial information then no name will appear on the screen and the system will automatically notify us that a visitor has come to our office," Wei Wenyuan, an employee of the Beijing-based tech start-up that specializes in facial recognition technology, told the Global Times on August 3.


The start-up, also known as Face++, was founded in 2011 by three graduates of Tsinghua University . Six years on, it has become one of the world's smartest companies, according to MIT Technology Review.


In total Simon Mignolet Belgien Trikot , seven tech companies in the Chinese mainland were listed on the MIT ranking in 2017 including - Chinese tech giants Baidu Inc, Alibaba Group Holding and Tencent Holding.


At the Face++ headquarters in Zhongguancun, a hub for entrepreneurs in western Beijing's Haidian district, a slogan that reads "Artificial Intelligence (AI), for a better future," hangs on the wall.


"Most of our employees are geeks, some kids are such geniuses that they can even skip university," Wei noted.


From detecting five facial key points years ago to 106 key points today Kevin Mirallas Belgien Trikot , Face++ provides facial recognition solutions for different software developers, such as the Chinese beauty and photo editing app Meitu, which maps users' facial features. By November 2016, it had applied for a total of 302 patents, five of which are in the US.


Both China and the US consider AI as part of their national strategies, and both countries have come up with government-backed guidelines to push forward the development of the industry. However, China still lags far behind the US in terms of basic research in algorithms and theories, Tencent said in a report on August 2.


As of June 2017 Eden Hazard Belgien Trikot , there were a total of 2,542 AI companies worldwide, with American firms accounting for 42 percent and Chinese firms making up 23 percent, the report showed.


Total venture capital investment in the AI sector worldwide has amounted to 191.4 billion