LAS VEGAS, Sept. 27, 2017 /PRNewswire/ -- Remark
Holdings, Inc. (NASDAQ: MARK), a global digital media
technology company, announced its KanKan subsidiary has been
awarded a seven-figure contract by one of the largest state-owned
enterprises in China to provide a
facial and object recognition technology to a Shanghai municipal health agency, which will
use the product to ensure that restaurants comply with local food
safety laws.
The technology, which will first be installed in 200 restaurants
before later being expanded to 2,000 facilities, utilizes
artificial intelligence to ensure that food service workers are
wearing hats and masks (as required by the Shanghai municipal health agency) by instantly
analyzing images obtained from an artificial intelligence device
designed by KanKan and attached to cameras installed in a
restaurant kitchen. After analyzing the images, the software
detects any violation of the specified food safety laws and
extracts screen images, with violation details, that the health
agency can then review.
"This contract shows that we are able to monetize our
artificial-intelligence technology, including facial and object
recognition," said Kai-Shing Tao, Remark
Holding's Chairman and CEO, "and it sets the foundation for us
to potentially triple our business with the city of Shanghai in 2018 and expand to most of the
eight million restaurants located in cities throughout China. This same safety-enforcement system,
which is largely automated, scalable and which helps eliminate
human error, can be used in many other situations, such as at
construction sites to ensure the use of hardhats and goggles for
workplace safety." An example of how the technology functions
can be found here.
Remark Holdings' uses "deep learning", a type of algorithm-based
machine learning that is used to model high-level abstractions in
data, to train its artificial intelligence products.
Utilizing KanKan's extensive data sets to train its KanKan
Artificial Intelligence Platform with tens of millions of
supervised and unsupervised samples allows Remark Holdings to
develop models that extract facial features and recognize objects,
such as branded logos, animals or license plates, with a high
degree of precision. KanKan's facial-recognition and
object-recognition technology, for example, has demonstrated an
accuracy rate of more than 96 percent.
The KanKan Artificial Intelligence Platform is designed as a
one-stop shop that will provide small to large enterprises and
developers with the ability to customize and train their own
artificial-intelligence models for their businesses, with stable
and ready-to-use artificial-intelligence modeling stacks and
pre-trained models. The platform has been successfully used to
train models in high-precision facial recognition with more than
99.63% accuracy (ranked top 15 in the world), and in negative
content filtering for topics such as pornography, terrorism,
politically-sensitive information and more.
About Remark Holdings, Inc.
Remark
Holdings, Inc. (NASDAQ: MARK) primarily focuses on the
development and deployment of artificial-intelligence-based
solutions for businesses and software developers in many
industries. Additionally, the company owns and operates
digital media properties that deliver relevant, dynamic
content. The company is headquartered in Las Vegas,
Nevada, with additional operations
in Los Angeles, California and
in Beijing, Shanghai, Chengdu and Hangzhou,
China. For more information,
please visit the company's website
at www.remarkholdings.com.
Investor Relations Contact:
Douglas
Osrow
Remark Holdings, Inc.
dosrow@remarkholdings.com
702-701-9514 ext. 3025
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SOURCE Remark Holdings, Inc.