Baijiayun was honored with the title of "Best Digital and Intelligent Learning Tool Service Provider", helping to drive the innovative development of AI + education

Rhea-AI Summary

Baijiayun Group (NASDAQ: RTC) has been awarded the 'Best Digital and Intelligent Learning Tool Service Provider' at the AI + Education Innovation and Talent Development Summit Forum in Beijing. The company's flagship product 'Duanxunbao' combines live classroom teaching, SCRM, and online school management. Their platform integrates AIGC technology, offering AIGV video production, digital humans, AI intelligent assistants, AI intelligent outlines, and AI learning companion functions. The forum, attended by over 2,000 industry professionals, focused on discussing AI integration in education and sharing innovative educational practices.

Positive

• Recognition as Best Digital and Intelligent Learning Tool Service Provider strengthens market position
• Successfully integrated AIGC technology into existing products
• Developed comprehensive educational platform 'Duanxunbao' combining multiple functionalities

Negative

• None.

Insights

Tech Expert

The award recognition for Baijiayun's AI-powered educational tools, while prestigious, has minimal immediate financial impact. Their "Duanxunbao" platform combining live classroom teaching with SCRM shows promising technological integration, but lacks concrete metrics on market penetration or revenue generation. The AIGV video production capabilities and AI learning assistants represent competitive features in the edtech space, though without specific performance data or monetization details.

The company's position in China's growing edtech market offers potential, but this ceremonial recognition doesn't materially change their market position or financial outlook. Investors should focus more on upcoming financial results and user adoption metrics rather than industry accolades to gauge true business impact.

BEIJING, Dec. 3, 2024 /PRNewswire/ -- Baijiayun Group Ltd ("Baijiayun" or the "Company") (NASDAQ: RTC), a one-stop AI video solution provider, today announced it was honored the " Best Digital and Intelligent Learning Tool Service Provider ".

From November 20th to 21st, the "AI + Education Innovation and Talent Development Summit Forum", co-organized by the Zhongguancun Internet Education Innovation Center, the Digital and Intelligent Education Chamber of Commerce and other units, was grandly held at the Zhongguancun International Innovation Center in Beijing. The conference invited more than 2,000 industry elites, college leaders, enterprise representatives, media personnel and audiences to participate in learning and exchanges on site, jointly discussing the opportunities and challenges brought by the in-depth integration of artificial intelligence and education, and sharing cutting-edge educational concepts and innovative practical achievements.

At this forum, Baijiayun, relying on its outstanding technological strength and outstanding performance in the service of digital and intelligent learning tools, won the honor of "Best Digital and Intelligent Learning Tool Service Provider" and became the focus of attention in the industry.

With the continuous penetration of artificial intelligence technology in the education industry, how to use AI to empower education and create a more efficient and personalized learning experience has become the direction that various education-related enterprises are competing to explore. Baijiayun has been always committed to in-depth cultivation in the field of educational technology. Aiming at the long-term cultivated knowledge payment scenarios, Baijiayun closely combines live classroom teaching, SCRM (Social Customer Relationship Management), and online school management and supervision to create a flagship product named "Duanxunbao", which helps knowledge monetizers complete online course opening and marketing conversion in one stop. Under the wave of AIGC (Artificial Intelligence Generated Content) technology, Baijiayun's live and on-demand products have quickly integrated with AIGC technology and are already able to provide a mature AIGV video production platform, exclusive customization of digital humans, AI intelligent assistants, AI intelligent outlines and AI learning companion functions, truly bringing the power of digitalization and intelligence into all aspects of education.

Winning the title of "Best Digital and Intelligent Learning Tool Service Provider" this time is a high recognition of the efforts and achievements made by Baijiayun in the field of AI + education. In the future, Baijiayun will continue to uphold the spirit of innovation, closely follow the frontiers of AI technology development, continuously optimize and improve our digital and intelligent learning tools, contribute more to the digital transformation of the education industry, and help cultivate more innovative talents who can adapt to the development needs of the times.

It can be predicted that in the wave of educational changes continuously driven by AI technology, Baijiayun will take advantage of this award-winning opportunity to further consolidate its own advantages, move forward bravely on the road of educational innovation and talent development, and work hand in hand with numerous industry partners to jointly create a better educational future.

About Baijiayun Group Ltd 

Baijiayun is a one-stop AI video solution provider with core expertise in SaaS/PaaS solutions. Baijiayun is committed to delivering reliable, high-quality video experiences across devices and localities and has grown rapidly since its inception in 2017. Premised on its industry-leading video-centric technologies, Baijiayun offers a wealth of video-centric technology solutions, including Video SaaS/PaaS, Video Cloud and Software, and Video AI and System Solutions. Baijiayun caters to the evolving communications and collaboration needs of enterprises of all sizes and industries. For more information, please visit ir.baijiayun.com.

Safe Harbor Statement

This press release contains certain "forward-looking statements." These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the parties' perspectives and expectations, are forward-looking statements. The words "will," "expect," "believe," "estimate," "intend," and "plan" and similar expressions indicate forward-looking statements.

Such forward-looking statements are inherently uncertain, and shareholders and other potential investors must recognize that actual results may differ materially from the expectations as a result of a variety of factors. Such forward-looking statements are based upon management's current expectations and include known and unknown risks, uncertainties, and other factors, many of which are hard to predict or control, that may cause the actual results, performance, or plans to differ materially from any future results, performance or plans expressed or implied by such forward-looking statements. The forward-looking information provided herein represents the Company's estimates as of the date of this press release, and subsequent events and developments may cause the Company's estimates to change.

The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release.

A further list and description of risks and uncertainties can be found in the documents the Company has filed or furnished or may file or furnish with the U.S. Securities and Exchange Commission, which you are encouraged to read. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements relate only to the date they were made, and the Company undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.

For investor and media enquiries, please contact:

Company Contact:
Ms. Fangfei Liu 
Chief Financial Officer, Baijiayun Group Ltd
Phone: +86 25 8222 1596
Email: ir@baijiayun.com 

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SOURCE Baijiayun Group Ltd

FAQ

What award did Baijiayun (RTC) receive at the AI + Education Innovation Summit?

Baijiayun (RTC) received the 'Best Digital and Intelligent Learning Tool Service Provider' award at the AI + Education Innovation and Talent Development Summit Forum in Beijing.

What is Baijiayun's (RTC) main educational product?

Baijiayun's main educational product is 'Duanxunbao', which integrates live classroom teaching, SCRM, and online school management for knowledge monetization.

What AI features does Baijiayun (RTC) offer in its educational platform?

Baijiayun offers AIGV video production, digital humans, AI intelligent assistants, AI intelligent outlines, and AI learning companion functions in its educational platform.