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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 completion of a registered direct offering, raising approximately US$83.8 million. The offering involved selling 11,173,335 units at US$7.50 per unit, each comprised of one American Depositary Share (ADS) and 0.4 warrants to purchase one ADS at an exercise price of US$8.60. The funds will be allocated for research and development, strategic acquisitions, and other corporate purposes. The transaction was facilitated by FT Global Capital and The Benchmark Company.
WiMi Hologram Cloud has announced a registered direct offering totaling US$83.8 million, consisting of 11,173,335 units priced at US$7.50 per unit. Each unit includes one American Depositary Share (ADS), representing two Class B ordinary shares, and 0.4 warrants for purchasing an ADS at US$8.60 each, valid for two years. The offering is anticipated to close on March 25, 2021, pending customary conditions. FT Global Capital and The Benchmark Company are acting as placement agents. The securities are registered under an effective registration statement with the SEC.
WiMi Hologram Cloud Inc. (Nasdaq: WIMI) announced its acquisition of a patent for an optical holography waveform generation device, enhancing its 3D holographic pulse LiDAR technology. This patent supports WiMi's independent R&D efforts and aims to solidify its technology leadership. The device facilitates various applications in ultrasound, autonomous driving, and medical AR by processing complex waveform signals. WiMi's innovative approach also encompasses a new holographic waveform algorithm to improve the accuracy of 3D holographic data. This advancement is expected to expand the market for 3D holographic pulse LiDAR.
WiMi Hologram Cloud Inc. (Nasdaq: WIMI) announced plans to develop the WiMi HoloPulse LiDAR, a 3D holographic pulse laser device responding to strong market demand. This sensor can detect objects over 200 meters away and captures high-resolution 3D holograms. The LiDAR utilizes MEMS microvibrators for improved performance, with features including dynamic vertical resolution and frame rate adjustments. WiMi aims to integrate the product across various industries such as autonomous driving and medical imaging, enhancing its holographic technology applications.
WiMi Hologram Cloud Inc. (Nasdaq: WIMI) announced a partnership with China Telecom iCartoons to deliver holographic virtual solutions, including social media and education, for the latter's original comic content platform. This collaboration will enhance user experiences through integrated systems for inquiries and payments. WiMi boasts a library of 4,654 proprietary holographic materials across various categories, which will be utilized in this partnership. Also, the company plans to leverage its third-party licensed content to enrich its offerings for iCartoons' users.
WiMi Hologram Cloud Inc. (Nasdaq: WIMI) announced a strategic partnership with China Education Television on March 1, 2021, to enhance educational access through holographic technology. The Dream Classroom program aims to utilize 5G and AI to create immersive online learning experiences for nearly 100 million school teachers and students in rural China. This initiative integrates advanced technologies like holographic projection and mixed reality to enrich education and make global knowledge accessible to children and teens through innovative teaching methods.
WiMi Hologram Cloud Inc. (Nasdaq: WIMI) has secured the bid for the second phase of China Mobile's remote interaction holographic project, enhancing its competitive standing in the AR market. The bidding process, which began on February 1, 2021, involved rigorous evaluations, with the results announced on February 10, 2021. With China Mobile being the largest mobile operator in China, this partnership signifies potential growth in WiMi's 5G holographic communication sector. The company aims to leverage advancements in 5G and AR technologies to further its collaborations.
WiMi Hologram Cloud Inc. (Nasdaq: WIMI) has announced the launch of its new electric vehicle (EV) holographic AR application, the "WiMi HoloAR HUD." This product aims to meet the increasing demand for AR technology in the rapidly developing EV sector. The HoloAR HUD includes customizable features such as optical processing, voice interaction, and vehicle diagnostics while supporting major services like WeChat and AutoNavi. WiMi plans to further develop EV holographic equipment and software, focusing on integrated solutions for the EV industry.
WiMi Hologram Cloud Inc. (NASDAQ: WIMI) announced a new patent for a three-dimensional holographic pulse laser processing device. This advancement supports the company's growth in holographic AR technology, particularly for applications in electric vehicles (EVs). The patented technology aims to enhance holographic data collection and presentation in areas such as autonomous driving and medical imaging. By leveraging its intellectual property, WiMi plans to address the increasing demand for holographic solutions in the EV sector and further strengthen its competitive advantage in the market.
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