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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 launch of its new augmented reality head-mounted display, the WiMi HoloAR Lens, designed to enhance user experience in the Metaverse. This product features a unique split design compatible with dual-camera 6dof technology, offering a wider viewing angle of 63 degrees and high-definition display capabilities. Weighing only 78g, it is suitable for various uses such as virtual social networking, entertainment, and education. With recent revenue growth of 140%, WIMI aims to capture the expanding Metaverse market through enhanced product offerings.
WIMI Hologram Cloud (NASDAQ: WIMI) has launched its "Holographic Metaverse Division" to develop essential holographic technology for the Metaverse. This division will enhance both hardware and software capabilities, featuring integrated holographic AR content for various applications. Key advancements include the rollout of the "WIMI Hologram SoftLight" XR head-mounted display, which is now approved for the US market. With a portfolio boasting over 4,600 holographic IP rights, WIMI aims to leverage exponential growth in the holographic cloud industry fueled by the expanding Metaverse.
WiMi Hologram Cloud, Inc. (NASDAQ: WIMI) announced a merger with VIYI Algorithm Inc. and Venus Acquisition Corporation. The merger, structured as a stock-for-stock transaction, values VIYI Algo at $400 million. Upon closing, Venus will be renamed MicroAlgo Inc. The merger aims to enhance operational efficiency by integrating bespoke central processing algorithms into various services, targeting sectors such as internet advertising and gaming.
Completion is expected by Q3 2021, subject to shareholder approval and SEC review.
WiMi Hologram Cloud Inc. (Nasdaq: WIMI) announced its annual report for the fiscal year ended December 31, 2020, revealing a revenue increase of 140%, totaling approximately RMB 766.0 million (US$ 117.4 million). Non-GAAP net income was RMB 40.3 million (US$ 6.2 million). R&D expenses surged by 362.8% to RMB 85.0 million as the company expanded its AR holographic and semiconductor technologies. WiMi aims to bolster its competitive edge in the growing AR market, anticipated to grow significantly in the coming years.
WiMi Hologram Cloud Inc. (Nasdaq: WIMI) has announced the acquisition of a patent for a head-mounted display (HMD) designed for holographic AR systems. This patent enhances WiMi's intellectual property and strengthens its technological leadership. The HMD optimizes holographic data collection and transmission, utilizing advanced modules for improved performance and user immersion. It offers wide applications in fields like telemedicine and virtual education. WiMi continues to advance its capabilities in the holographic AR sector, positioning itself favorably for future growth.
WiMi Hologram Cloud Inc. (Nasdaq: WIMI) has secured a patent for its innovative holographic real-time imaging system featuring atomized particle sizes of 2μm to 4μm. This advancement in the company’s R&D underscores its commitment to enhancing its IP protection and technological leadership. The system, which replaces traditional methods with a space light modulator, offers advantages like user-friendly operation and real-time displays. Applications span various sectors including medical, industrial, and electric vehicles, positioning WiMi as a key player in the evolving AR technology landscape.
WiMi Hologram Cloud Inc. (NASDAQ: WIMI) announced a partnership with an electronic subsidiary of Toyota Group to enhance its holographic AR technology offerings for the electric vehicle sector. This collaboration targets the growing demand for advanced onboard holographic applications, including 3D holographic pulse LiDAR and AR navigation systems. WiMi aims to develop comprehensive solutions, integrating hardware and software for the EV industry, positioning itself strategically in a rapidly evolving market.
WiMi Hologram Cloud Inc. (Nasdaq: WIMI), a leading provider of holographic AR technology, announced FCC certification for its electric vehicle holographic AR product, WiMi HoloAR HUD, allowing entry into the U.S. market. This follows the November 2020 approval of its head-mounted display, WiMi Hologram Soft Light. As demand for holographic AR in the EV sector grows, WiMi plans to develop various solutions, including holographic vehicle devices and software, enhancing safety and driving experiences.
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