IFlytek Co Ltd is a software enterprise, which is dedicated towards research of intelligent speech and language technologies. The speech technologies comprise speech synthesis and speech recognition to enable human-machine speech communication as convenient as human-human communication. In addition, the speech technologies also include oral language evaluation, speech coding, timbre transformation and noise reduction.
IFlytek's core businesses include fundamental speech technology research, development and marketing of software applications, system integration, hardware products and full time technical support.
IFlytek's industry solutions include artificial integration products in education, justice, medical, city infrastructure, automobile, marketing, and discipline, inspection and supervision.
In October 2019, IFlytek was added to the US Entity List, along with seven other Chinese companies. The US Entity List prevents companies on the list from buying United States made technology. CEO Liu Qingfeng said in interview the ban would not have a significant impact on the companies day-to-day operations but they intended to appeal the decision to the relevant United States government departments.
The Chines voice recognition company was blacklisted by the US along with surveillance and AI companies Sensetime, Megvii, Yitu and Hikvision.
iFlyTek said it expects to report a net profit of 330 million to 380 million yuan (US$46.4 million to $53.4 million) for the first three quarters of 2019, representing year on year growth of between 50% and 73%.
Liu Qingfeng, Chairman and CEO of IFlytek told CGTN in interview that developments in core technologies behind the AI conglomerates growth over the past year and its aspiration for global growth.
Chairman and CEO