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WiMi Hologram Cloud Inc. (NASDAQ: WIMI) is a pioneering company in the field of augmented reality (AR) and holographic technology. The company specializes in providing a wide range of AR services and products, focusing on three primary segments: AR advertising, AR entertainment, and semiconductor solutions. With operations spanning Mainland China, Hong Kong, and international markets, WiMi is at the forefront of technological innovation and application.
WiMi's AR advertising services leverage holographic AR to create captivating and immersive advertising experiences. The company's solutions are used by businesses to enhance their marketing campaigns, offering a dynamic way to engage customers. In the entertainment sector, WiMi's holographic AR products bring an element of magic and interactivity to various forms of digital content, from video games to live performances.
Beyond AR, WiMi is also a key player in the semiconductor industry. The company offers central processing algorithm services and computer chip products tailored for enterprise clients. This includes comprehensive solutions that integrate both software and hardware, designed to enhance the efficiency and performance of central processing algorithms.
WiMi is continually advancing its technological capabilities. Recently, the company announced the development of a swin-transformer and hash-based on-chain copyright detection technology. This innovative solution significantly improves the efficiency and accuracy of copyright detection, leveraging deep learning, hashing algorithms, and blockchain integration to provide robust copyright protection for video content. The technology's unique approach ensures that video content remains protected even after modifications such as compression or editing.
Another notable advancement is the RAFT consensus algorithm for blockchain, which WiMi has adapted to ensure data consistency. This protocol is particularly effective in closed or semi-closed networks, providing a structured and efficient decision-making process that enhances the reliability and performance of blockchain systems.
WiMi has also introduced the Proof of Learning (PoLe) blockchain consensus mechanism, which optimizes neural network training. This mechanism incentivizes nodes to participate actively in the training process, ensuring efficient and reliable data handling. Additionally, WiMi's blockchain data encryption technology combines machine learning with fully homomorphic encryption to protect sensitive data while maintaining blockchain transparency.
Furthermore, the company is exploring the convergence of blockchain and the Internet of Things (IoT) with its IoT data perception system based on blockchain technology. This system enhances data security and privacy, making IoT data more reliable and easier to manage.
WiMi's commitment to innovation extends to the establishment of a micro-consciousness quantum research center in collaboration with MicroAlgo. This center aims to explore the intersection of quantum theory and consciousness, integrating various scientific disciplines to push the boundaries of artificial intelligence and quantum sciences.
With its extensive range of services and cutting-edge technological advancements, WiMi Hologram Cloud Inc. continues to be a leader in AR and holographic technologies, driving forward the integration of digital experiences in various industries.
WiMi Hologram Cloud (NASDAQ: WIMI) announced the integration of holographic digital twins with ChatGPT technology. This innovation aims to develop a virtual world powered by advanced holographic technologies and strong internet services. Key advancements include:
- Embedding holographic AR content for commercial applications.
- A comprehensive library of 4,654 holographic IP rights.
- The launch of the 'WiMi Hologram SoftLight' XR headset, approved for the US market.
These developments are expected to enhance WiMi's market position in the growing AR industry.
WiMi Hologram Cloud (NASDAQ: WIMI) announced the successful merger of its subsidiary VIYI Algorithm Inc. with Venus Acquisition Corporation, a SPAC, valued at $400 million. WiMi holds 73% of VIYI, which will be renamed MicroAlgo Inc. and listed on NASDAQ under the symbol MLGO effective December 13, 2022. This transaction positions WiMi to retain significant control with 63.32% voting power in the new entity, enhancing its intrinsic value. VIYI focuses on customized central processing algorithms, aiming for rapid revenue growth, and aligning with WiMi's strategy in the AR market.
WiMi Hologram Cloud Inc. (NASDAQ: WIMI) announced its membership in the Information Technology Innovation Committee of the China Communications Industry Association, following a rigorous evaluation. This membership highlights WiMi's strength in holographic Augmented Reality (AR) technology. The company boasts 195 technology patents and 325 software copyrights, and its products have received FCC approval for the U.S. market. Looking ahead, WiMi plans to leverage this opportunity to intensify innovation in 5G communication, holographic AR, and artificial intelligence.
WiMi Hologram Cloud (Nasdaq: WIMI) announced on March 28, 2022, that its consumer VR head-mounted display, WIMI HoloVR, has received FCC approval to enter the U.S. market. The device features advanced specifications, including a 105-degree field of view, 3840x2160 resolution, and a heart rate monitor, targeting various applications in entertainment and education. Financial performance in H1 2021 showed a 202.2% revenue increase, with gross profits rising 189.8%. The company is investing significantly in R&D, anticipating growth in the holographic AR sector driven by the Metaverse.
WiMi Hologram Cloud (Nasdaq: WIMI) announced the successful acquisition of a trademark registration from the United States Patent and Trademark Office for its WiMi Hologram Softlight brand. This trademark aids in enhancing the company's intellectual property protection and strengthens its competitive position in the AR sector. CEO Shuo Shi stated that this move will bolster brand awareness internationally and safeguard against trademark infringements. WiMi reported significant financial growth, with a 202.2% increase in global operating revenue and a 40.3% rise in net profit for the first half of 2021.
WiMi Hologram Cloud Inc. (NASDAQ: WIMI) has been included in the ProShares Metaverse ETF (VERS), a fund designed to offer investors exposure to key companies shaping the metaverse. Tracking the Solactive Metaverse Theme Index, VERS encompasses 40 companies across various sectors such as device manufacturing and gaming. WiMi's CEO, Shuo Shi, expressed pride in this inclusion, highlighting the company's competitive advantage in the holographic AR industry and its intention to capitalize on growth opportunities within the metaverse.
WiMi Hologram Cloud (NASDAQ: WIMI) announced that Evaluate Research has started coverage with a Buy rating and a price target of US$7.00 per share. Analysts Sandy Mehta and Ketan Chaphalkar authored the report, available for review at Evaluate Research's website. While WiMi acknowledges the initiation of coverage, it clarifies that the views and forecasts presented are those of Evaluate Research and do not reflect the Company's opinions. WiMi specializes in holographic AR technology and services across various professional applications, having launched operations in 2015.
WiMi Hologram Cloud Inc. (Nasdaq: WIMI) announced its HoloAR Lens has received approval from the Federal Communications Commission to enter the U.S. market. This augmented reality (AR) headset features unique capabilities such as a 63-degree visual angle and a 1920x1080p display. In the first half of 2021, WiMi reported a 202.2% increase in global operating revenue and a 189.8% growth in gross profit. The company emphasizes its commitment to R&D with a 463.6% rise in R&D expenses to maintain competitiveness in the expanding Metaverse.
WiMi Hologram Cloud Inc. (Nasdaq: WIMI) announced the launch of its new VR headset, the WiMi HoloVR, aimed at enhancing user experiences in the Metaverse. This innovative device features dual-camera technology for a 105-degree field of view, gesture recognition, and a Snapdragon XR2 processor. The HoloVR boasts a 4K display resolution and supports multiple applications, including gaming and virtual social interactions. In the first half of 2021, WiMi reported significant growth with a 202.2% increase in operating revenue and a 40.3% rise in net profit, reflecting its commitment to R&D in AR and VR technologies.
On November 17, 2021, WiMi Hologram Cloud Inc. (Nasdaq: WIMI) announced its investment in BlueCloud Industrial Interconnection Technology to develop a virtual digital platform for smart sports. This partnership aims to advance innovative research and integrate intelligent manufacturing technologies. WiMi reported substantial growth in 2021, with a 202.2% rise in revenue and a 40.3% increase in net profit year-on-year. The company's R&D expenses surged by 463.6%, emphasizing its commitment to maintaining a competitive edge in the Metaverse and holographic AR industries.
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