Smile! Your face is being recognized.
The facial recognition technology market is heating up. According to a report by the American Candriam, it is expected to become a $10 billion market within the next few years. While several companies are betting on this segment, there are already a number of large players demanding attention.
Apple, for example, is expected to release improvements to their Face ID system shortly. On the report of the website Digitimes, the new iPhone model will bring a reduction of up to 50% in the size of VCSEL chips, responsible for projecting points on the user's face. It is clear that finger prints scanning is a thing of the past.
The key counterpoint made centers on privacy rights, more specifically, on the lack of consent and supervision around this technology and the potential for exploitation by governments wanting to track citizens and political opponents.
Based on an article published in Forbes Tech, a group of 50 investors, who together manage more than $4.5 trillion, and lead by Candriam are calling on companies that develop and use facial recognition technology, such as Apple, Facebook and Amazon, to look carefully at this issue and “to do so ethically”.
Thoughts?
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