INSUBCONTINENT EXCLUSIVE:
Abu Dhabi Investment Authority also took part in a fund raising.The US government expanded its trade blacklist on Monday to include some of
China's top artificial intelligence (AI) startups over Beijing's treatment of Muslim minorities.Below are details of major companies
placed on the blacklist, which effectively bans them from buying components from US companies
The move is likely to impact not just them but also their suppliers, customers and financial backers.HIKVISIONFormally known as Hangzhou
Hikvision Digital Technology, the firm is the world's largest purveyor of video surveillance systems.It is also a vendor to police
agencies in Xinjiang, where a sweeping crackdown on Uighurs has drawn international condemnation.Hikvision has not been allowed to sell to
state investors and its two key founders
revenue in 2018.Losing business with Hikvision could have a material and adverse effect on its business, the Japanese firm said.John
Honovich, founder of surveillance video research company IPVM, said Hikvision and Dahua both use Intel Corp, Nvidia Corp, Ambarella Inc,
Western Digital and Seagate Technology as suppliers.The impact of the blacklisting on the Chinese companies would be "devastating", he
said.SENSETIME GROUPIncorporated in 2014 after receiving investment from IDG Capital, SenseTime is one of the fastest growing AI startups in
China.Dual-based in Beijing and Hong Kong, SenseTime develops applications for facial recognition, video analysis and other areas including
autonomous driving.Its technology employs AI to identify individuals and analyse those identities using cameras, and has been used by
Chinese authorities to track and capture suspects in public spaces such as airports and festivals.Its $620 million fundraising in May last
year valued the firm at more than $4.5 billion
Fidelity International, Hopu Capital, Silver Lake, and Tiger Global led the financing.The firm has also received funding from e-commerce
firms Alibaba and Suning.Com Co, Singapore state fund Temasek Holding, state-backed fund Sailing Capital and US chipmaker Qualcomm
Inc.SenseTime counts China's Ministry of Public Security and local heavyweights such as China Mobile, HNA Group and Huawei Technologies as
its major clients.Its facial recognition unlocking and related technologies are offered to smartphone brands OPPO and Vivo.The firm said in
February it will create an alliance with the Massachusetts Institute of Technology (MIT) to advance research into AI.MEGVII
TECHNOLOGYFounded in 2011 by Chief Executive Yin Qi and two friends from Tsinghua University, the company is preparing an initial public
offering (IPO) in Hong Kong to raise at least $500 million.Widely known for facial recognition platform Face++, Megvii will become the first
Chinese AI firm to go public if the deal goes ahead.The company provides facial recognition and other AI technology to governments and
companies including Alibaba, Ant Financial, Lenovo Group Ltd and Huawei.Its $750 million fundraising in May 2018 valued the firm at slightly
over $4 billion.It raised funds from Alibaba, Ant Financial, Foxconn Technology, Bank of China Group Investment (BOCGI), the state bank's
private equity arm, Macquarie Group, and ICBC Asset Management (Global) Co.The Abu Dhabi Investment Authority, one of the world's biggest
sovereign wealth funds, also took part in a fund raising.IFLYTEK COFounded in 1999, the speech recognition firm is a national champion in
report.The MIT last year announced a five-year agreement with IFlytek under which the Chinese firm would help underwrite three research
projects at the university's renowned Computer Science and Artificial Intelligence Laboratory (CSAIL).The projects relate to AI in health
care, speech recognition, and what CSAIL described in its announcement as creating "more human-like AI".A 2016 government procurement
announcement named an iFlytek subsidiary as the sole supplier of 25 "voiceprint" collection systems to police in Kashgar, a city in
Xinjiang, Reuters reported earlier.Another iFlytek unit signed a deal with Xinjiang's prison administration bureau.ZHEJIANG DAHUA
TECHNOLOGYThe video surveillance equipment maker went public in 2008 and is among five firms which had been barred from selling to US
government agencies, along with Hikvision.The company, which claims to be the world's second largest surveillance provider, says its
products and services are applied over 180 countries and regions.Its products have been used in events such as the Rio Olympics, the G20
Hangzhou Summit, and a subway project in Brazil.XIAMEN MEIYA PICO INFORMATIONEstablished in 1999, the company is a data recovery expert and
says it provides products and services for law enforcement and government agencies all over the world.Its digital forensics services include
extracting evidence from digital media such as computers, mobile phones and data storage cards.The company says it provided security support
for events such as the Beijing Olympic Games, Guangzhou Asian Games and Shanghai World Expo.YITU TECHNOLOGYThe facial recognition technology
firm was founded in 2012 and raised funds from investors including Sequoia Capital, Jack Ma's private equity fund Yunfeng Capital, and
Hillhouse Capital Group.The company claims its facial recognition platform is capable of identifying over 1 billion faces within one
second.It said in 2015 its technology is used at China Merchants Bank's 1,500 outlets
It worked with Alibaba Cloud to build a cloud platform for smart transportation management.Get Breaking news, live coverage, and Latest News
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