You're correct. FaceNet, developed by Google, achieved state-of-the-art performance on the Labeled Faces in the Wild (LFW) dataset, with a reported accuracy of 99.63%. This surpasses both the 95% accuracy of earlier systems as well as DeepFace from Facebook, which achieved 97.35% accuracy on LFW. FaceNet demonstrates the rapid progress being made in deep learning for face recognition tasks.