LAS VEGAS, Sept. 28, 2017 /PRNewswire/
-- Remark Holdings, Inc. (NASDAQ: MARK), a global digital
media technology company, announced that Sefon, a Big Data services
company headquartered in Chengdu,
China, awarded a multimillion-dollar contract to Remark
Holdings' KanKan subsidiary to help fight intellectual-property
piracy in China.
KanKan will deploy its crawler network and
artificial-intelligence-based object-recognition software to
monitor content streamed via the Internet in China and identify instances of
intellectual-property piracy. The proprietary technology will
first be deployed in the Guizhou
region, known as the hub of Big Data research and development in
China.
"This new contract shows the breadth of our AI platform's
capabilities. By having the superior data to back our AI
models, we are able to build new products quickly and successfully
in many different industries," said Kai-Shing Tao, Remark Holdings' Chairman and
CEO. "In this case, KanKan AI quickly developed a useful tool
to fight the long-existing intellectual-property piracy problem in
China. With global companies like
Alibaba, Tencent, and China Mobile
already established in Guizhou,
and with Apple having recently invested $1
billion in their first data center here, we are honored to
be a Big-Data-backed AI company participating in the development of
a technology hub in Guizhou, and
you can expect more KanKan AI products to be released to the world
from here soon."
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
View original
content:http://www.prnewswire.com/news-releases/remark-holdings-announces-multimillion-dollar-artificial-intelligence-contract-to-help-companies-fight-intellectual-property-piracy-in-china-300527367.html
SOURCE Remark Holdings, Inc.