AI startup Yitu set to tap into speech recognition

Yitu Technology, a startup engaged in artificial intelligence and facial recognition technologies, announced on Tuesday it is exploring the speech recognition sector, planning to apply related technologies to traditional medical diagnosis to compete with market leader iFlytek Co Ltd.

The Shanghai-based company has unveiled a Mandarin speech recognition system as a tool to augment and expand the landscape for multiple business sectors.

"Speech recognition technology has evolved over the past few years, but so far it has only worked well in limited scenarios. We believe breakthrough in core technologies is the key to promoting the development of speech recognition," said Lu Hao, chief innovation officer at Yitu.