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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 Inc. (NASDAQ: WIMI) announced the addition of three technology experts to its Holographic Academy to boost R&D efforts and advance its holographic products. The new members include Dr. Hu, Dr. Yuan, and Dr. Peng, each with strong academic backgrounds and multiple patents. The Academy aims to pioneer holographic AR technologies and address technical challenges in the industry. CEO Shuo Shi highlighted the potential for growth in sectors like advertising and medical insurance due to advancements in 5G technology.
WiMi Hologram Cloud Inc. (NASDAQ: WIMI) has announced that its new product, the Hologram Soft Light head-mounted display, has received Federal Communications Commission (FCC) certification, allowing it to enter the U.S. market. This product features significant upgrades in image color management, user comfort, and broad device compatibility. Collaborating with SONY, WiMi enhances image quality while integrating infinity focus imaging to reduce user fatigue. The company boasts a vast AR content library and efficient image processing capabilities, aiming to meet the rising demand for advanced AR solutions.
WiMi Hologram Cloud Inc. (Nasdaq: WIMI) announced the FCC certification of its new product, the "WiMi Hologram Soft Light," allowing it to enter the US market. The head-mounted display model WMH0D3 underwent comprehensive testing, including data transmission and product radiation. The Company aims to launch the product by the end of 2020, featuring enhanced image color management and user comfort through infinity focus imaging technology. WiMi's advanced capabilities include processing images 80% faster than industry standards and a diverse portfolio of 4,654 AR holographic contents.
WiMi Hologram Cloud Inc. (WIMI) announced the acquisition of Fe-da Electronics Company Pte Ltd., enhancing its semiconductor chip business. The deal, involving multiple installment payments over two years, aims to integrate Fe-da's CPU and storage device capabilities. Fe-da Electronics reported revenues of $45.9 million and $70.8 million in 2018 and 2019, respectively, exceeding WiMi's total revenues during the same years. This acquisition is expected to create synergies in technology and market coverage, bolstering WiMi's position in AI and cloud computing.
WiMi Hologram Cloud Inc. (Nasdaq: WIMI), a leader in augmented reality in China, announced the upcoming launch of its new Mixed Reality head-mounted display, the 'WiMi Hologram Soft Light', set for release by the end of 2020. This product aims to meet the growing customer demand for MR displays and features enhancements in color management, user experience, and device compatibility, supported by SONY's image processing technology. WiMi plans to leverage its technical expertise and expand its market share as 5G adoption accelerates, laying a foundation for long-term shareholder value.
WiMi Hologram Cloud, Inc. (NASDAQ: WIMI) has announced its partnership with ICR, LLC, a strategic communications firm, to enhance its investor relations program. CEO Shuo Shi emphasized the aim of increasing disclosure transparency and improving communication with shareholders. ICR's expertise in U.S. capital markets is expected to help WiMi articulate its vision and raise its corporate profile. WiMi is a leader in augmented reality services in China, operating a platform with over 4,654 AR holographic contents and achieving significantly faster image processing rates than competitors.
WiMi Hologram Cloud, Inc. (NASDAQ: WIMI) announced on October 19, 2020, the formation of a new subsidiary, VIYI Technology Inc., to enhance its AI algorithm and cloud computing services. VIYI will be led by CEO Yi Chengwei, previously WiMi's CTO. The focus will be on low latency cloud computing and expanding data services for various applications. Additionally, Shuo Shi has been appointed CEO following Fanhua Meng’s resignation. With over ten years of experience, Shi aims to leverage existing assets and create value for shareholders amidst rapid market growth.
WiMi Hologram Cloud Inc. (NASDAQ: WIMI) announced the successful closing of its public offering of 7,560,000 American Depositary Shares (ADSs) at $8.18 each, raising approximately $61.84 million. The company plans to use the proceeds for research and development in holographic AR technologies, strategic acquisitions, and general corporate purposes. Participants include institutional investors, notably WB Online Investment Limited, affiliated with Weibo Corporation. The offering was facilitated by The Benchmark Company LLC and FT Global Capital Inc.
WiMi Hologram Cloud Inc. (WIMI) has announced a public offering of 7,560,000 American Depositary Shares at $8.18 each, aiming for a total of $61,840,800. This offering is set to close on July 29, 2020, with participation from institutional investors including WB Online Investment Limited, an affiliate of Weibo Corporation. The offering is managed by The Benchmark Company LLC and FT Global Capital Inc. WiMi operates the largest holographic AR platform in China and has a diverse content library, with image processing capabilities significantly faster than industry averages.
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