<div>
  <p>
  </p>
  <ul>
    <li>
      <p>
        NEC Corporation has developed two new LLMs, &ldquo;NEC cotomi Pro&rdquo; and &quot;NEC cotomi Light,&quot; for faster performance with updated training data and architectures.
      </p>
    </li>
    <li>
      <p>
        The models are claimed to match the performance of leading global models while having a 10x speed. The company also claims that NEC cotomi Pro operates 87% quicker than GPT-4, while NEC cotomi Light operates 93% faster than GPT-3.5-Turbo.&nbsp;
      </p>
    </li>
    <li>
      <p>
        Moreover, the models reportedly offer coordination of business data with improved response time and information security.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://www.nec.com/en/press/202404/global_20240424_01.html">
      Press release
    </a>
  </p>
</div>


Foundation Models

INCUMBENTS_PRESENT

PROMINENT_CATEGORY

<div>
 
 <p>NEC Corporation has developed two new LLMs, “NEC cotomi Pro” and "NEC cotomi Light," for improved performance. These models are designed with updated training data and architectures.</p>
 <p>According to NEC, these new models match the performance of leading global models and operate much faster. Specifically, NEC cotomi Pro is claimed to work 87% quicker than GPT-4, while NEC cotomi Light is said to operate 93% faster than GPT-3.5-Turbo.&nbsp;</p>
 <p>The models also offer advantages in terms of business data coordination, response time and information security.</p>
 
</div>

NEC Corporation releases NEC cotomi Pro and Light for faster performance

Facial recognition delivers incredible convenience to consumers, as well as serious risks.

Facial Recognition

The National Police Chiefs' Council of UK announced plans to increase the use of retrospective facial recognition by May 2024, using NEC's NeoFace algorithm. However, there have been issues with the technology, including failing to match individuals and disproportionately focusing on ethnic minorities. The UK is also embracing other biometric technologies like digital fingerprint matching. NEC is a Japanese technology company that provides solutions for various forms of recognition, including face, iris, fingerprint, palmprint, voice, and ear acoustic recognition. By integrating multiple systems, NEC aims to create safer and more secure future cities.

UK authorities to nationally deploy NEC's mobile-based facial recognition technology

Biometric Payments

ANALYST_QUICK_TAKE

The partnership between Mastercard and NEC involves implementing facial recognition technology for in-store checkouts. The goal is to combine NEC's face recognition technology with Mastercard's payment systems to enhance the checkout process. <p><b>Analyst QuickTake: </b> In addition to facilitating biometric payment cards usage by approving solutions of leading players (such as <a href="https://sp-edge.com/updates/12610"> Zwipe </a> and <a href="https://sp-edge.com/updates/21390"> IDEX </a> ), Mastercard has also ventured into the biometric payment terminal market. In May 2022, the company <a href="https://sp-edge.com/updates/10515"> launched a pilot program </a> for retailers to offer facial recognition and fingerprint scanning-based payments. At the time, Mastercard noted that it was working with several tech providers, including NEC, PopID, Payface, Aurus, PaybyFace, and Fujitsu, to develop these technologies.</p>

Mastercard partners with NEC for in-store biometric payment solutions

New technology allows individuals and organizations to become carbon intelligent

All Updates

NEC Corporation releases NEC cotomi Pro and Light for faster performance

UK authorities to nationally deploy NEC's mobile-based facial recognition technology

Mastercard partners with NEC for in-store biometric payment solutions

Sinai Technologies partners with NEC to decarbonize solutions

Foundation Models

NEC Corporation releases NEC cotomi Pro and Light for faster performance

Contact us