Outperforms Billion-Dollar Unicorns
Remark Holdings, Inc. (MARK), a diversified global technology company with leading artificial intelligence (“AI”) solutions and digital media properties, announced that the latest software from its Remark AI business achieved a top-five ranking in a recent computer-vision test (the Face Recognition Vendor Test, or “FRVT”) conducted by the U.S. National Institute of Standards and Technology (“NIST”). Specifically, 198 systems were tested in the FRVT for their ability to verify that a person is wearing a face mask.
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Remark AI’s software system is a top solution, outperforming the systems of many billion-dollar unicorns
“The results of the FRVT, along with top finishes in several other tests and competitions over the last few years, establish beyond doubt that Remark AI’s software system is a top solution, outperforming the systems of many billion-dollar unicorns,” stated Kai-Shing Tao, Chairman and Chief Executive Officer of Remark Holdings. “Remark AI’s solutions are designed to ensure that the algorithms powering its AI system are superior in the market. Besides state-of-the-art facial-recognition algorithms, Remark AI provides a one-stop solution, the Safety Space Platform (SSP), for use in various industries including the office, hospitality, education, retail, healthcare, transportation, manufacturing, construction, agriculture, and smart-city spaces. Remark AI not only provides the highest level of accuracy, but also maintains the highest level of data privacy and protection on the market.”
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Traditionally, computer-vision systems that handle facial recognition tasks, among other functionalities, mostly dealt with unmasked faces, which allowed facial features such as the eyes, nose, and mouth to be used in the evaluation process. However, the COVID-19 pandemic caused a very significant increase in the number of people wearing facemasks, such that computer-vision systems have to adapt to evaluating masked faces and improve recognition of mask wearing to meet security and health-safety rules and regulations.
The FRVT evaluated 198 computer-vision systems on criteria such as accuracy, speed, storage and memory. Remark AI’s system performed exceedingly well on all metrics across the board, whether evaluating faces with or without mask. Remark AI developed its algorithm to, among other functionalities, identify faces in video footage, which is considered one of the most technically challenging tasks. As a result of this advantage, Remark AI’s system also ranked in the top 15 in the wild face in unconstrained scenarios in the FRVT, performing strongly at extreme views and extreme angles in complex surveillance scenarios that included various lighting conditions, amounts of distortion, and blurred images.
Remark AI’s system, powered by its award-winning algorithm (i.e., models and SDKs), combines multi-sensor IoT & AI modules, allowing for tasks such as pedestrian monitoring, action recognition, detection of abnormal events, 3D positioning, temperature measurement, and many other functions. Remark AI has taken the crucial first step towards bridging the digital-to-physical divide with a system for understanding how people experience and interact with the physical world.
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