WiMi Hologram Cloud Inc. Stock Price, News & Analysis

WiMi Hologram Cloud (NASDAQ: WIMI) announced the launch of its WIMI-MR system focusing on augmented reality (AR) and computer-generated holograms (CGH). This innovative system allows users to edit and display holographic AR content, significantly enhancing user interaction with AR objects. While CGH technology demonstrates transformative potential across various sectors, it currently faces challenges such as high computational demands and low resolution from spatial light modulators. WiMi aims to overcome these obstacles, positioning its WIMI-MR system to expand applications in VR, AR, and automotive HUD displays, which may drive future business growth.

WiMi Hologram Cloud Inc. (NASDAQ: WIMI) announced the development of a CNN-based image recognition system, which enhances image recognition accuracy over traditional algorithms. The CNN algorithm autonomously constructs features, improving efficiency through a multi-layer network structure. This technology is crucial in various fields, including navigation and medical research. WiMi aims to expand the application of its CNN system to further leverage these advantages.

WiMi Hologram Cloud (NASDAQ: WIMI) announced on February 22, 2023, the upgrade of its AR cloud platform, integrating MEC with AI and AR technologies. The new MEC-based Intelligent AR System Platform features a two-tier architecture and employs edge and central cloud mechanisms to optimize data processing and management. With enhancements in latency, bandwidth, and AI capabilities, WiMi aims to improve user experiences in industries such as smart city and innovative medical applications. This upgrade signifies a strategic move towards comprehensive service offerings in the 5G era.

WiMi Hologram Cloud Inc. (NASDAQ: WIMI) announced the launch of a new digital content compression processing system to meet the high bit-rate transmission needs of Web 3.0. This innovative system addresses four types of data redundancy: coding, spatial, temporal, and irrelevant information, enhancing the efficiency of digital content storage and transmission. By employing lossless compression techniques, WiMi aims to improve transmission speeds significantly. The launch follows other advancements in holographic AR technology since its inception in 2015, focusing on professional applications including automotive and software solutions.

WiMi Hologram Cloud (NASDAQ: WIMI) announced a new core patent for an interactive holographic display system designed for Web 3.0. The system incorporates five functional units, including a login verification unit and a processing unit, to enhance user interaction and experience. It enables real-time dynamic displays, allowing users to engage with holographic content, fostering a rich visual and auditory experience. WiMi anticipates that this innovation will contribute significantly to the growing demand for interactive technologies in the expanding Web 3.0 landscape.

WiMi Hologram Cloud Inc. (NASDAQ: WIMI) announced on February 16, 2023, its development of a Data Security Risk Perception System. This system leverages advanced technologies such as holographic signature feature detection and artificial intelligence to enhance data analysis and security. It aims to monitor and audit data transmission in real-time while offering a dynamic holographic view of data assets. Additionally, WiMi has secured several patents in digital holographic technology. The company continues to focus on using holographic technology to support network security and facilitate the digital transformation of industries.

WiMi Hologram Cloud Inc. (NASDAQ: WIMI) announced the development of a 3D reconstruction algorithm system based on image and point cloud fusion. This technology allows for the accurate establishment of 3D models essential for virtual reality applications.

The system has three components: data acquisition, information extraction, and point cloud processing. It captures multi-view point cloud data, extracts features, and aligns point clouds to create comprehensive environmental models. This advancement is pivotal for expanding the application of holographic AR technologies and bridging natural and virtual worlds.

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.