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PR Newswire

WiMi Developed an HMD-based Control System for Humanoid Robots Controlled by BCI

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BEIJING, July 21, 2023 /PRNewswire/ — WiMi Hologram Cloud Inc. (NASDAQ: WIMI) (“WiMi” or the “Company”), a leading global Hologram Augmented Reality (“AR”) Technology provider, today announced its development of a humanoid robot control system based on a head-mounted display (HMD) controlled by a brain-computer interface (BCI). This system via steady-state visual evoked potentials (SSVEP) and allows interaction with the environment and humans. The technology provides real-time feedback through the robot’s embedded camera, which integrates stimulus feedback into the HMD display.

WiMi’s researchers took control of the robot and tested its performance by using this new interaction in an experiment. Testers were asked to navigate the robot to a specific location to perform a task. This test was based on visual SLAM feedback, which provides navigation instructions through images of the environment captured by a camera.

Steady-state visual evoked potentials (SSVEP) are used as control signals, and the user’s EEG signals are captured by an EEG signal acquisition device, and real-time feedback from the robot is displayed using a head-mounted display. For navigation instructions, the researchers embedded an embedded camera in the robot and combined its real-time feedback with the SSVEP signals on the head-mounted display to form a form of interaction. The researchers used a visual SLAM (Simultaneous Localization and Mapping) algorithm to implement the navigation instructions.

The control system of the head-mounted display BCI consists of several components: signal acquisition device, head-mounted display, humanoid robot, embedded camera, control algorithm, etc. The steps and results of WiMi’s BCI control system implementation are as follows:

EEG signal acquisition and processing:

The WiMi researchers first used a set of EEG signal interaction platforms for capturing the user’s EEG signals and processing those signals. The platform consists of a multi-channel amplifier, electrode caps, and data acquisition software to capture and store the user’s EEG signals in real-time. In processing the EEG signals, an efficient method is used, which is the extraction of SSVEP by frequency analysis of the signals. This method presents light flashes of a specific frequency to the user, and the user’s EEG signal will resonate at this frequency, thus enabling the extraction of control signals.

The researchers used an EEG signal acquisition device to capture the user’s EEG signals, a head-mounted display to show real-time feedback from the robot, and an embedded camera to provide navigation instructions. The control algorithm uses a visual SLAM algorithm to implement the navigation instructions, which models the environment and implements the navigation instructions from images of the environment captured by the robot’s camera.

Head-mounted display applications:

To provide feedback on the control signals, the researchers used a head-mounted display, which shows real-time images and states displayed through a built-in monitor. The head-mounted display utilizes high-resolution display technology to provide a more realistic experience of the virtual environment.

In addition, to better provide feedback on control signals, the researchers combined the display with the robot’s built-in camera. With the robot’s camera capturing images of the environment and displaying them on the head-mounted display, users can visualize the robot’s state and environmental information more intuitively. Specifically, the user is required to gaze at a specific frequency of light stimuli on the head-mounted display, which causes the user’s brain to emit a specific SSVEP signal. Once the signal is captured and processed, a control algorithm can determine the user’s intent based on the frequency and amplitude of the signal, such as moving the robot to turn left or right. The embedded camera captures the viewpoint of the robot in real-time, providing an image of the environment as well as feedback on the current position of the robot.

Navigation implementation:

Using the SLAM algorithm, an image of the robot’s environment is captured by the robot’s built-in camera and converted into a model of the robot’s environment. The algorithm is also able to estimate the robot’s position and provide navigation instructions to the user. The user can control the direction of the robot’s movement through SSVEP signals, while the head-mounted display shows the robot’s status and environmental information to provide more intuitive feedback to the user.

In addition, the researchers conducted an experimental evaluation of the control system to assess its performance in terms of control accuracy and interaction experience. The experimental results show that the control system can provide precise control signals as well as an immersive interactive experience, providing users with a novel way to control their robots.

Experimental evaluation:

To evaluate the performance of the system, the researchers conducted a series of experiments. The experiments included a user using the system for a robot navigation task and a control experiment using a traditional remote control for the task. The results of the experiments showed that users were able to perform navigation tasks more accurately and get better interaction when using the system.

The researchers conducted experiments to evaluate the control system, including performance in terms of control accuracy and interaction experience. In the experiment, participants were required to control the robot to walk to a specific location to complete a task in a simulated environment. The experimental results show that the control system can provide precise control signals with an average control accuracy of 98.1%. Meanwhile, users evaluated the system as a very good interaction experience, and considered it a very natural and intuitive way of interaction.

WiMi’s head-mounted display (HMD) for robot control via a brain-computer interface (BCI) demonstrates a new way of interaction, providing a more natural and intuitive way of control. Experimental results show that the control system can provide precise control signals. This control method has the potential to be used in many scenarios that require precise control, such as medical, educational, and entertainment fields. Subsequently, the control system can be combined with other sensor technologies, such as voice and gesture, to provide more diverse control. This navigation-assisted scheme provides users with a novel interaction method, which can improve the robot’s operation efficiency and interaction experience.

About WIMI Hologram Cloud

WIMI Hologram Cloud, Inc. (NASDAQ:WIMI) is a holographic cloud comprehensive technical solution provider that focuses on professional areas including holographic AR automotive HUD software, 3D holographic pulse LiDAR, head-mounted light field holographic equipment, holographic semiconductor, holographic cloud software, holographic car navigation and others. Its services and holographic AR technologies include holographic AR automotive application, 3D holographic pulse LiDAR technology, holographic vision semiconductor technology, holographic software development, holographic AR advertising technology, holographic AR entertainment technology, holographic ARSDK payment, interactive holographic communication and other holographic AR technologies.

Safe Harbor Statements

This press release contains “forward-looking statements” within the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Among other things, the business outlook and quotations from management in this press release and the Company’s strategic and operational plans contain forward−looking statements. The Company may also make written or oral forward−looking statements in its periodic reports to the US Securities and Exchange Commission (“SEC”) on Forms 20−F and 6−K, in its annual report to shareholders, in press releases, and other written materials, and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. Several factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the Company’s goals and strategies; the Company’s future business development, financial condition, and results of operations; the expected growth of the AR holographic industry; and the Company’s expectations regarding demand for and market acceptance of its products and services.

Further information regarding these and other risks is included in the Company’s annual report on Form 20-F and the current report on Form 6-K and other documents filed with the SEC. All information provided in this press release is as of the date of this press release. The Company does not undertake any obligation to update any forward-looking statement except as required under applicable laws.

Source: WiMi Hologram Cloud Inc.

PR Newswire

True and ZTE launch Joint Innovation Center to inject new vitality into Thailand’s digital transformation

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  • True and ZTE have jointly established the “True & ZTE Innovation Center” at True Digital Park in Bangkok.
  • The Joint Innovation Center offers endless possibilities, including ultra-high-capacity, optical networks, 5G wireless coverage, AI technology, Smart Factory, and various 5G applications.

BANGKOK, July 20, 2023 /PRNewswire/ — ZTE Corporation (0763.HK / 000063.SZ), a global leading provider of information and communication technology solutions, together with True Corporation, Thailand’s leading Telecom-tech company, have jointly launched the “True & ZTE Innovation Center” at True Digital Park in Bangkok. The innovative collaboration between True and ZTE will inject new vitality into Thailand’s digital transformation.

The “True & ZTE Innovation Center” aims to provide advanced digital solutions to Thai society and enterprises through technological, business, enterprise digital, and business model innovation. This will drive Thailand’s competitiveness in the global digital economy and jointly contribute to implementing Thailand’s digital strategy, serving Thailand’s digital strategy and social digital transformation.

Mr. Manat Manavutiveth, Chief Executive Officer of True Corporation Plc said, “Walking through the Innovation Center, you must have witnessed a large variety of cutting-edge digital products and solutions, which will play an important role in further promoting Thailand’s digitalization process and beyond.

“We look forward to close collaboration beyond the excellent relationship with ZTE to provide wireless and wired networks. The cooperation shows how we join force to provide cutting-edge digital products and solutions, which will play an important role in promoting Thailand’s digitalization process, providing good support for regional digitalization and reliable business environment. We therefore must efficiently capitalize on the Joint Innovation Center, which offers endless possibilities. Chief among them are: ultra-high-capacity, optical networks, 5G wireless coverage, AI technology, Smart Factory, and various 5G applications.”

Mr. Li Zixue, Chairman and Executive Director of ZTE Corporation, said, “Thailand is the most important strategic market for ZTE. We are very honored to be an important partner of True. The two sides support each other and develop together. We will continuously provide excellent wired and wireless network solutions, with comprehensive support of the highest priority. Today, in the event of the establishment of this Joint Innovation Center, we hope the cooperation between ZTE and True can become a benchmark and the model for digital cooperation between China and Thailand, to work together and create the cutting-edge digital network in Thailand, to develop Thailand’s digital economy and bring benefits to Thai people.”

As part of the center, ZTE and True will explore and apply the latest communication technologies, including Reconfigurable Intelligent Surface (RIS), network AI autonomy, extreme green and efficient networks, cloud IP, and portable industry core i5GC. This collaboration aims to provide efficient and reliable communication infrastructure for Thai enterprises to meet the needs of Thailand’s digital strategy.

Currently, enterprise digital innovation is one of the center’s core objectives. Through cooperation, True and ZTE will provide tailor-made innovative solutions, including digital factories, intelligent manufacturing, smart agriculture, intelligent logistics, AI machine vision applications, and frontline operational safety management. These solutions aim to improve efficiency, reduce costs, and enhance production quality, helping enterprises achieve digital transformation and increase their competitiveness in the global market.

Furthermore, smart homes and smart living are also focal points of the innovation center. By applying AI technology and innovative solutions, the center aims to provide more convenient and intelligent experiences for personal and family life. Products such as smartphones, gaming phones, smart wearable devices, health trackers, glasses-free 3D tablets, cloud computers, WiFi 7 home routers, whole-home fiber optics, smart speakers, and smart home videos offer convenient living experiences. The users can remotely control lighting, temperature, curtains, televisions, air conditioners, and other household appliances using voice assistants or smartphones. In addition, the center offers personalized services and automated scenario settings based on environmental perception and user behavior so that life, learning, and residence can be more comfortable, safe, and convenient.

In collaboration with local ecosystem partners, the joint innovation center will thrive in the industry ecosystem through technological innovation, business innovation, enterprise digital innovation, and business model innovation. Additionally, the center will display innovative products, demonstrate innovative solutions, test new technologies, and cultivate digital skills and capabilities. ZTE will work hand in hand with True to embrace the bright future of digital society in Thailand, a vigorous, beautiful and colorful country!

MEDIA INQUIRIES:
ZTE Corporation
Communications
Email: ZTE.press.release@zte.com.cn

PR Newswire

Anthology Announces AI-powered Course Building Tools, New Student Success Features in Blackboard Learn

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New progress tracking, accessibility and course building tools streamline critical processes for instructors and provide key data to unlock learner success 

BOCA RATON, Fla., July 19, 2023 /PRNewswire/ — Anthology, a leading provider of education solutions that support the entire learner lifecycle, announced a host of new features, powered by Artificial Intelligence (AI), designed to help instructors create more engaging learning experiences more quickly and provide granular, easy-to-action insight on learners’ progress. The new capabilities – Accessibility Checker powered by Anthology Ally, Holistic Student Overview, Progress Tracking, and course building tools – are key innovations aimed at improving student success and retention and are the result of significant investment in Learn product development and the user experience.

“From the beginning, our team has been building a Learning Management System that, as part of a broader Anthology ecosystem, delivers meaningful, data-informed experiences that drive student success,” said Jim Milton, Chairman and Chief Executive Officer at Anthology. “This announcement is the next step along that journey, with features that simplify and streamline instructor processes while connecting data from the LMS and across the institution to deliver unprecedented insight.”

Demonstrating the company’s commitment to ethical and responsible use of AI guided by Anthology’s Trustworthy AI Framework – developed in collaboration with Anthology institutions – the new course-building capabilities in Blackboard Learn are designed to provide inspiration to instructors and instructional designers as they develop their courses and allow them to create more engaging learning experiences more quickly. Seamlessly embedded into Blackboard Learn’s workflows, the tools can suggest a possible course structure aligned with its learning outcomes, generate images, suggest test questions and grading rubrics, and drive toward more authentic assessment. The capabilities are opt-in and the instructor is always in control of the content generated.

“Traditionally, the LMS has been a static environment, focused on the management of the learning process,” said JD White, Chief Product Officer at Anthology. “With these new AI-powered features, we are fundamentally changing the equation by providing an experience that can deeply inspire in the pedagogical process. It means instructors can build more engaging courses more quickly.”

In addition to the AI features, Progress Tracking delivers easy-to-action and more granular insight into how a learner is performing, engaging, and progressing in a course, empowering instructors to better understand student engagement and quickly recognise and reach out to any learner needing help. Coupled with Holistic Student Overview – a comprehensive picture of a learner’s performance – Blackboard Learn provides an unprecedented level of insight into a learner’s journey.

All institutions that use Blackboard Learn Ultra will also gain a digital content reviewing tool – Accessibility Checker powered by Anthology Ally. The tool reviews and flags course content with accessibility issues for instructors, allowing them to quickly remediate issues like missing alternative text for images.

Anthology also launched a new digital adoption solution – Anthology Adopt powered by Pendo – to provide institutions with valuable insights and enables administrators to deploy in-app messaging to guide users on features and functionality to improve their overall experience and help drive and scale adoption.

Institutions continue to choose the powerful benefits of Blackboard Learn Ultra. The number of courses taught in Learn Ultra has increased by 50 percent since June 2022 and take-up is increasing at an accelerating pace in 2023. It has never been easier to transition to Learn Ultra with new tools such as the Ultra Adoption Toolkit and bulk course conversion. The planning, change management, and conversion tools – built in partnership with Blackboard Learn institutions, their instructors, and users – together are powering the fastest, most efficient conversion process and can also be utilised by clients migrating from other LMSs.

The AI-powered tools are scheduled to enter testing environments for Blackboard Learn Ultra clients in August and planned for production in September. The features are included for all Learn clients that choose to make them available. Accessibility Checker powered by Anthology Ally, Progress Tracking, and Holistic Student Overview are now available to Learn Ultra institutions globally.

About Anthology

Anthology offers the largest EdTech ecosystem on a global scale for education, supporting more than 150 million users in 80 countries. With a mission to provide dynamic, data-informed experiences to the global education community through Anthology Intelligent Experiences™, we help learners, leaders and educators achieve their goals by offering over 60 SaaS products and services designed to advance learning. Discover more about how we are fulfilling our mission for education, business and government institutions at www.anthology.com.

Contact:

Erin Mitchell
Anthology
Erin.Mitchell@anthology.com 

Logo – https://techent.tv/wp-content/uploads/2023/07/anthology-announces-ai-powered-course-building-tools-new-student-success-features-in-blackboard-learn.jpg

PR Newswire

Introducing Unitree Go2 – Quadruped Robot of Embodied AI

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HANGZHOU, China, July 18, 2023 /PRNewswire/ — On 12 July, Unitree unveiled its latest quadruped robot – the Unitree Go2, which features embodied AI. This product is expected to revolutionize the consumer-grade quadruped robots industry, leading to a transformation of the sector. Back in June 2021, Unitree released its first side-follow bionic robot—Go1, a technological breakthrough that attracted widespread attention and generated discussions worldwide upon its release. As a leading company in science and technology innovation, Unitree is now back, once again leading the industry! Equipped with standard 4D ultra-wide LiDAR and empowered by GPT’s large language model, Unitree Go2 of embodied AI joins you in exploring the future world!

Introducing Unitree Go2 - Quadruped Robot of Embodied AI
Introducing Unitree Go2 – Quadruped Robot of Embodied AI

Unitree Go2, as a quadruped robot, is not only advanced in its configuration and cool appearance, but also offers a range of interactive functions, perfectly simulating the behaviour of a real pet dog. This create a more intimate and enjoyable human-robot interaction experience. Now, Unitree Go2 is coming with a starting price from $1,600 (tax and freight excluded),

1. Standard 4D ultra-wide LIDAR upgrades recognition System by 200%.

Go2 features Unitree’s self-developed 4D LIDAR L1 with 360°x90°hemispherical ultra-wide recognition, super small blind spot and a minimum detection distance as low as 0.05m, enabling it to recognize different terrains.

2. Embodied Intelligence: AI+robot, Go2 is born with the empowerment of GPT

GPT embraces great language capacity and a large language base, which enables Go2 to fully understand its user’s intention and better comprehend its surroundings. Also, Go2 is able to make decisions based on information from its sensor. The increasing information it stores adds its unique characteristics, making it the closest friend of its user.

3. Remote control+long endurance+high-performance motor, hardware upgrades make the robot a new intelligent friend.

To execute more complex actions, Go2 had its motor performance enhanced by 30% with a peak joint torque of 45N.m. A new internal trace connecting technique allows greater flexibility and smoother movement for the robot. Besides, it is also equipped with a battery capacity increased to 8,000mAh, with an optional 15,000mAh ultra-long life battery available for even longer operation. What may surprise you most is that Go2 also features with 4G module, Wi-Fi 6, Bluetooth 5.2 and more stable and various network connections.

4. Gait + Posture + Offline Interaction, software upgrades make the robot understand you better.

To better adapt to different terrains, Go2 adopts an advanced Operation and Control System to realize more graceful pacing and stronger balance, including going up and down stairs, jumping, headstand, handshake and flip. In addition, Go2’s voice assistant including offline voice commands has been fully upgraded, which means that users can control the robot’s movements and functions through voice commands even when there is no internet.

5. Image transformation+force sensor+OTA Upgrades, enjoy limitless fun in the new App.

Go2 provides real-time image transmission and radar altitude map display, which helps users to check the surroundings anytime and anywhere. The app also supports displaying ethe parameters of each sensor, so as to have a clearer picture of the robot’s operation status. Besides, equipped with 4G module, it can control the robot in an over-the-horizon distance. Another advantage is that it supports OTA upgrades. The robot automatically connects to UnitreeCloud and upgrades and optimises its own program through OTA service, thus continuously improving user experience.

6. Robotic Arm+charging pile+ high computing power module, equipped with more advanced tech devices

Go2 is equipped with a servo robotic arm, which can complete grasping, carrying and other actions. Combined with navigation LIDAR, high computing power module and charging piles, Go2 achieves home guarding, independent inspection route planning, and positioned shoot and record, and provides acoustic and visual alarms when encountering anomalies. Also, it is worth mentioning that Go2 can also carry a range of powerful and high-performance accessories to suit different customer needs, bringing even more possibilities for exploring the real world.

Announcing Unitree Go2 marks another revolution in the field of robotics. This robot is not only an outstanding example of high-tech achievements, but also an indispensable part of future intelligent life. It can be applied in many fields, such as family entertainment, intelligent assistant, education and training, medical care, offering people more convenient, intelligent and efficient services. We believe that as Unitree continues to explore and innovate, it will keep leading the development of the quadruped robot industry. When exposed to the charm of science and technology, we want to invite you to create a better technological world and a brighter human future with Unitree Go2.

To find out more about where you can purchase a Go2 quadruped robot, visit our website.

Official: www.unitree.com/en/go2
Store Go2: https://bit.ly/43t9R5d
Youtube: www.youtube.com/watch?v=6zPvT0ig1VM
Business cooperation: sales_global@unitree.cc
Business contact: +86 15776583869
Marketing cooperation: pr@unitree.com

PR Newswire

WiMi Proposes A Vehicular Networks-based Consensus Algorithm to Improve Data Security And Response Speed

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BEIJING, July 14, 2023 /PRNewswire/ — WiMi Hologram Cloud Inc. (NASDAQ: WIMI) (“WiMi” or the “Company”), a leading global Hologram Augmented Reality (“AR”) Technology provider, today announced the proposal of a custom vehicular networks-based consensus algorithm (VBCA) to secure data across the network. The algorithm uses a blockchain to maintain a secure pool of confirmed information exchanged in the network. Based on a consortium chain, the solution optimizes transmission efficiency, reduces average data exchange latency, and increases the magnitude of confirmed data exchanges decentralized without compromising data integrity and security.

In recent years, autonomous vehicles (AVs) have attracted significant attention as an evolving technology for intelligent transportation systems (ITS). These vehicles usually have various onboard resources, such as sensors, radar, cameras, storage devices, event recorders, etc. These devices perform different operations, such as object detection, congestion monitoring, pathfinding, etc. Self-driving vehicles will capture large amounts of data for analysis and make real-time intelligent decisions based on surrounding events. AVs equipped with sensors can capture gigabytes of data, which needs to be processed using complex machine-learning algorithms to infer logical outcomes. For communication efficiency, storage, and high-end processing, 5G and 6G technologies and roadside units (RSUs) connected to a Mobile Edge Computing (MEC) server can be used to receive all the data sent by the vehicle, where the MEC server runs machine learning techniques to generate useful predictions.

WiMi’s VBCA solution, a lightweight decentralized ledger system, allows easy integration of recent blocks with existing P2P networks. It aims to provide a network for physical layer vehicles and devices that can share information efficiently and reliably. The solution reduces communication latency by combining blockchain with P2P networks, enabling the network to combine all active blocks into a lightweight blockchain. The scheme uses a hierarchical architecture to achieve an efficient consensus mechanism. Fixed nodes are responsible for attaching blocks to the blockchain, and all fixed nodes store copies of the blockchain. The scheme design estimates the number of active and inactive blocks in the network and maintains only active blocks instead of full blocks to improve the lightweight property.

In WiMi’s VBCA scheme, the system architecture nodes are divided into two node types: fixed nodes and mobile nodes. Fixed nodes are RSUs that provide geographic coverage for specific areas on the map by connecting to high-power edge servers and are interconnected via backhaul links. Mobile nodes use their sensors to capture event data and send it to the nearest fixed node. Through P2P networks, vehicles can use DSRC to connect more reliably to nearby RSUs, thereby reducing communication latency.

The consensus algorithm runs on the edge server and appends the verified protocol information to the blockchain stored on the edge server. Since vehicles are equipped with different types of sensors, e.g., self-driving cars can be equipped with cameras, radar, etc., the edge server will receive a large amount of data. Based on the collected data, various statistical and machine-learning tools can be applied to train models that generate multiple predictions for different applications. For example, a predictive learning-based approach can predict the expected load on numerous parts of the traffic network during a specific time window. The prediction information can be stored in a separate blockchain and shared among all fixed nodes through which vehicles can query the information. The system is built based on a network of vehicles and edge servers for managing traffic data and predicting traffic flow. The system works in five layers: application layer, contract layer, consensus layer, network layer, and data layer. The application layer provides the user interface that allows end users (vehicles) to perform general input/output operations. The contract layer verifies the authentication of vehicles and fixed nodes and deploys intelligent contracts. The consensus layer uses custom consensus algorithms to establish trust between nodes in the network. The network layer connects all nodes in a hybrid P2P fashion, with each node using a discovery protocol to find nearest neighbor RSUs to establish links and exchange messages. The data layer manages the protocols and blocks in the ledger, using tools such as hash functions, timestamps, and Merkle trees to ensure data integrity and security.

Furthermore, intelligent contracts ensure decentralization in the framework by allowing multiple fixed nodes to attach a block to the ledger. This algorithm technology significantly increases throughput and the number of blocks created by each node while ensuring decentralization. In addition, transaction latency is reduced by separating the protocol confirmation and block creation processes.

WiMi has several technologies used in autonomous driving, intelligent transportation systems, and smart cars. With the development of autonomous driving and intelligent transportation systems, vehicular networks are becoming increasingly important. The global market size for autonomous driving and intelligent transportation systems is expanding and is expected to grow in the coming years. This provides a broad market space for WiMi’s VBCA technology. In addition, with the development and popularization of 5G and 6G technologies, vehicular network data transmission speed and stability will be further improved, further promoting the application and development of consensus algorithm technology based on vehicular networks.

About WIMI Hologram Cloud

WIMI Hologram Cloud, Inc. (NASDAQ:WIMI) is a holographic cloud comprehensive technical solution provider that focuses on professional areas including holographic AR automotive HUD software, 3D holographic pulse LiDAR, head-mounted light field holographic equipment, holographic semiconductor, holographic cloud software, holographic car navigation and others. Its services and holographic AR technologies include holographic AR automotive application, 3D holographic pulse LiDAR technology, holographic vision semiconductor technology, holographic software development, holographic AR advertising technology, holographic AR entertainment technology, holographic ARSDK payment, interactive holographic communication and other holographic AR technologies.

Safe Harbor Statements

This press release contains “forward-looking statements” within the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Among other things, the business outlook and quotations from management in this press release and the Company’s strategic and operational plans contain forward−looking statements. The Company may also make written or oral forward−looking statements in its periodic reports to the US Securities and Exchange Commission (“SEC”) on Forms 20−F and 6−K, in its annual report to shareholders, in press releases, and other written materials, and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. Several factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the Company’s goals and strategies; the Company’s future business development, financial condition, and results of operations; the expected growth of the AR holographic industry; and the Company’s expectations regarding demand for and market acceptance of its products and services.

Further information regarding these and other risks is included in the Company’s annual report on Form 20-F and the current report on Form 6-K and other documents filed with the SEC. All information provided in this press release is as of the date of this press release. The Company does not undertake any obligation to update any forward-looking statement except as required under applicable laws.

Source: WiMi Hologram Cloud Inc.

PR Newswire

WiMi Hologram Cloud Proposes A New Lightweight Decentralized Application Technical Solution Based on IPFS

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BEIJING, July 12, 2023 /PRNewswire/ — WiMi Hologram Cloud Inc. (NASDAQ: WIMI) (“WiMi” or the “Company”), a leading global Hologram Augmented Reality (“AR”) Technology provider, today announced a blockchain distributed storage framework that presents a pooling algorithm and inverse process for IPFS-based DAPP schemes. The combination of DAPP with IPFS allows for a lightweight layout. By putting the static resources, data storage layer, distributed database, communication layer, and other parts of DAPP into the IPFS network, the data storage pressure on the chain can be effectively reduced, and the performance and availability of DAPP can be improved. In the implementation process, the IPFS network can be operated through the IPFS API to realize the interaction and communication between DAPP and IPFS.

The IPFS-based DAPP solution proposes a solution for data storage on the blockchain. It can store files and put unique and permanently available IPFS addresses into blockchain transactions. In this way, there is no need to put the space-hogging data on the blockchain. On the other hand, IPFS can also assist various blockchain networks in transferring information and files, thus increasing the scalability of the blockchain. Based on these advantages of IPFS, WiMi designed the main elements of the distributed pool, including the distributed storage phase and the invocation evidence phase.

The evidence phase is called to recover the original image by reversing the distributed pooling operation. After completing the distributed storage phase, it becomes easier to query the corresponding data hash address from the database. The distributed nature of IPFS makes the hash of the address uniquely trusted. Therefore, in the case of trusted nodes, the original data can be recovered using the inverse distributed pooling operation after confirming the correction of node addresses.

WiMi’s DAPP solution effectively solves the problem of insufficient storage space and reduces the cost of storage on the blockchain with the help of IPFS. By accessing the IPFS network, the data on the blockchain will become smaller, and therefore the storage space required by individual nodes will be reduced. Secondly, it greatly improves fault tolerance and can identify data stored in any node. In addition, the scheme can be recovered entirely losslessly, with no data lost from each node. Even if some information is lost, it can be retrieved proportionately to the information retained, which is helpful for excellent application capabilities.

With the rapid development of blockchain technology in these years, DAPP is also developing rapidly and will be the leading force in the application market. WiMi’s solution has significant market advantages and opportunities:

1. Reduced data storage cost: IPFS can be used as the distributed storage layer of DAPP, and the data will be stored in the IPFS network in a decentralized manner, which can reduce data storage costs and improve the availability and stability of DAPP.

2. Improved data access speed: Static resources in DAPP can be stored in the IPFS network, and you can locate these resources through IPFS Hash. This can improve the data access speed and reduce the data storage pressure of DAPP on the chain.

3. Improved data privacy: IPFS uses distributed storage, which allows data to be stored on multiple nodes, enhancing data privacy and reducing the risk of data leakage.

4. Better development experience: Using IPFS allows developers to focus more on developing business logic during the development of DAPP without paying too much attention to the implementation and maintenance of infrastructure, thus improving development efficiency and development experience.

With the popularity of decentralized applications and the development of blockchain technology, WiMi’s technical solution can bring a better experience and services to various participants in the blockchain ecosystem (such as users, developers, enterprises, etc.). At the same time, it also provides a better technical basis for developing new types of decentralized applications. WiMi’s lightweight advantage can bring many benefits and market opportunities, including reducing data storage costs, increasing data access speed, improving data privacy, providing a better development experience, and opening up new market opportunities.

About WIMI Hologram Cloud

WIMI Hologram Cloud, Inc. (NASDAQ:WIMI) is a holographic cloud comprehensive technical solution provider that focuses on professional areas including holographic AR automotive HUD software, 3D holographic pulse LiDAR, head-mounted light field holographic equipment, holographic semiconductor, holographic cloud software, holographic car navigation and others. Its services and holographic AR technologies include holographic AR automotive application, 3D holographic pulse LiDAR technology, holographic vision semiconductor technology, holographic software development, holographic AR advertising technology, holographic AR entertainment technology, holographic ARSDK payment, interactive holographic communication and other holographic AR technologies.

Safe Harbor Statements

This press release contains “forward-looking statements” within the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Among other things, the business outlook and quotations from management in this press release and the Company’s strategic and operational plans contain forward−looking statements. The Company may also make written or oral forward−looking statements in its periodic reports to the US Securities and Exchange Commission (“SEC”) on Forms 20−F and 6−K, in its annual report to shareholders, in press releases, and other written materials, and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. Several factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the Company’s goals and strategies; the Company’s future business development, financial condition, and results of operations; the expected growth of the AR holographic industry; and the Company’s expectations regarding demand for and market acceptance of its products and services.

Further information regarding these and other risks is included in the Company’s annual report on Form 20-F and the current report on Form 6-K and other documents filed with the SEC. All information provided in this press release is as of the date of this press release. The Company does not undertake any obligation to update any forward-looking statement except as required under applicable laws.

Source: WiMi Hologram Cloud Inc.

PR Newswire

Sojern Acquires VenueLytics to Bolster its Platform for the Hospitality Industry

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SAN FRANCISCO, July 11, 2023 /PRNewswire/ — Sojern, the leading travel marketing platform, today announced the acquisition of VenueLytics, the hospitality industry’s most integrated guest experience platform serving independent hotels, resorts, chains and casinos. Sojern will incorporate VenueLytics’ capabilities as an extension of the Sojern Travel Marketing Platform.

Logo, no tagline
Logo, no tagline

Sojern has long been a direct bookings driver for hotels—providing comprehensive digital advertising solutions that help travel marketers find, attract and convert new travelers, re-activate existing guests to build loyalty, and maximize net revenue per available room (RevPAR). This acquisition expands Sojern’s Travel Marketing Platform to engage across the entire guest journey with VenueLytics’ cutting-edge technology that includes an Artificial Intelligence (AI)-powered virtual concierge, real-time guest feedback and digital reputation management tools, and a guest marketing suite for email and text promotions. VenueLytics’ solutions help marketing, operations, and front-desk teams better serve their guests with less resources required, drive incremental revenue, and maximize profit. With these additional features, Sojern can now help marketers find, attract, convert and engage travelers throughout their journey.

“This is an exciting step forward for our customers as we can empower hoteliers beyond advertising alone, expanding our offerings to be a true end-to-end marketing platform,” said Mark Rabe, CEO of Sojern. “We are dedicated to providing the travel industry with innovative solutions that leverage data, AI and technology to drive results. VenueLytics’ expertise in analyzing, unifying and activating data from various hotel management and marketing systems will allow Sojern to deepen our relationships in hospitality. This addition helps us to advance toward becoming the travel marketing platform.”

One of VenueLytics key customers is Grupo Posadas, the largest hotel company in Mexico with over 180 resorts and hotels. Posadas Director of Quality, Standards and Innovation, Leslie Gomez, commented, “By using VenueLytics AI Concierge throughout the guest journey, Posadas has increased Ancillary Revenue with more than 53K requests over the last 9 months. Our guests satisfaction improved more than 19 percentage points (pp) in NPS (Net Promoter Score) from the guests who had contact with our digital concierge experience.”

By extending its platform with VenueLytics, Sojern can now support hotel marketers with an all-in-one platform that drives guests directly to a property, enables upsell mid-stay, remarketing post-stay, and builds long term loyalty. In addition to the multichannel offerings of Sojern, VenueLytics provides the ability to engage customers in an expanded multichannel network that includes SMS, Email, WiFi, WhatsApp, Facebook Messenger, ChatBot, Alexa, Google Home and other social media and third party apps. This allows Sojern to expand into generative AI with cutting edge tools to drive and optimize booking value for hotels.

VenueLytics Co-Founder and CEO Baskar Manivannan commented, “We have partnered with Sojern for more than a year, and joining forces will strengthen our customer base and reputation while enabling us to offer the hospitality and travel industry a wider and timely range of solutions. With AI, data analytics and personalized multichannel guest engagement at the backbone of what we do, we have a shared vision to empower hotels around the world to drive profitability, and truly elevate guest experience and satisfaction.”

Last month, Sojern announced the latest version of its Sojern Travel Marketing Platform with enhanced AI powered audiences. With this acquisition, it further demonstrates the company’s rigor and success at integrating new technology and scaling it globally. Terms of the deal were not disclosed, but Sojern has reported previously that it is profitable, has driven more than $10 billion in global travel bookings, and serves over 10,000 customers annually around the world leveraging its long-standing AI capabilities.

The acquisition will deepen Sojern’s hotel expertise in North America where VenueLytics has been focused. VenueLytics will now be able to support the global hospitality industry as an extension of the Sojern Travel Marketing Platform. To learn more about how this acquisition can benefit your travel marketing campaigns, please visit Sojern’s website.

About Sojern
Sojern is a leading digital marketing platform built for travel marketers. Powered by artificial intelligence and traveler intent data, Sojern provides multichannel marketing solutions to drive direct demand. More than 10,000 hotels, attractions, tourism boards, and travel marketers rely on Sojern annually to engage and convert travelers around the world.

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LIGHTSPEED STUDIOS Partners with AI Singapore to Offer Advanced Text-to-Speech Service for Gamers in Southeast Asia

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LIGHTSPEED Singapore will be the key driver of the project and the broader AI-generated content (AIGC) capabilities building for LIGHTSPEED STUDIOS moving forward.

SINGAPORE, July 6, 2023 /PRNewswire/ — Today, LIGHTSPEED STUDIOS, a leading global game developer, has announced a collaboration with AI Singapore (AISG) under its flagship 100 Experiments (100E) programme. Being the key driver of the regional initiative, LIGHTSPEED Singapore is officially introduced as the Asia-Pacific Regional Hub of LIGHTSPEED STUDIOS, marking a significant milestone in the studios’ ongoing endeavors to broaden its global presence. In a stride towards pioneering innovative game science, this collaboration aims to develop an artificial intelligence (AI) service that will enhance and optimize the gaming experience for players in Southeast Asia.    

Loyo Lu, Head of Tech Center, LIGHTSPEED STUDIOS (right) sealing the 100 Experiments partnership with Laurence Liew, Director, AI Innovation, AI Singapore (left)
Loyo Lu, Head of Tech Center, LIGHTSPEED STUDIOS (right) sealing the 100 Experiments partnership with Laurence Liew, Director, AI Innovation, AI Singapore (left)

As part of LIGHTSPEED STUDIOS’ greater prospect in developing AI-generated content (AIGC) capabilities for global gaming communities, this collaboration specifically features a Text-to-Speech (TTS) system building project, enabling Bahasa Melayu-speaking gamers to immerse themselves in the captivating world of LIGHTSPEED STUDIOS’ games using their native language. For this project, LIGHTSPEED Singapore is set to leverage its team of AI experts, data scientists, IT specialists, and site reliability engineers who will work in close collaboration with AISG’s engineering team to develop and deploy an AI minimum viable model. The AISG team is staffed by full-time AI, data and platform engineers as well as apprentices from the AI Apprenticeship Programme (AIAP).

This project also serves as a crucial element in LIGHTSPEED STUDIOS’ drive to strengthen the research and development capabilities of its regional hub based in Singapore. It reinforces the company’s commitment to fortifying its gaming content ecosystem through the continuous deployment of cutting-edge technologies. By leveraging these advancements, LIGHTSPEED STUDIOS aims to boost its operation capabilities in regional and local markets as well as fostering synergy across the globe.

“With the announcement of the partnership with AISG as a start, we are excited to unfold more possibilities as we grow our R&D team here in Singapore, ” stated Loyo Lu, Head of Tech Center, LIGHTSPEED STUDIOS. ” Looking ahead, we are determined to maintain this positive momentum and gradually building up our multi-faceted capabilities to unveil next generation experiences for gamers in Asia-Pacific and beyond.” 

LIGHTSPEED Singapore is currently establishing a team of outstanding local and global talents in game development, technical art, project operations, marketing, compliance, and more, aiming to fulfill both operational needs, such as coordinating global R&D pipeline as well as exploring emerging technologies like AI, augmented reality (AR), virtual reality (VR), and cloud gaming.

“AISG’s 100E collaboration with LIGHTSPEED STUDIOS will utilize state-of-the-art Generative AI methods to enhance TTS service for local and regional Melayu speakers. In addition, up to 6 Singaporean AI engineers may be trained via the AI Apprenticeship Programme (AIAP) through this project,” said Laurence Liew, Director, AI Innovation, AI Singapore.

About LIGHTSPEED STUDIOS

LIGHTSPEED STUDIOS is a leading global game developer with teams across China, United States, Singapore, Canada, United Kingdom, France, Japan, South Korea, New Zealand, and United Arab Emirates. LIGHTSPEED STUDIOS has created over 50 games across multiple platforms and genres for over 4 billion registered users. It is the co-developer of worldwide hit PUBG MOBILE (co-developed with KRAFTON, Inc.) LIGHTSPEED STUDIOS is made up of passionate players who advance the art & science of game development through great stories, great gameplay, and advanced technology. We are focused on bringing next generation experiences to gamers who want to enjoy them anywhere, anytime, across multiple genres and devices. More information about LIGHTSPEED STUDIOS please visit www.lightspeed-studios.com, and follow us on Twitter, Facebook and YouTube.

About AI Singapore (AISG)

AI Singapore (AISG) is a national programme launched by the National Research Foundation (NRF) to catalyse, synergise and boost Singapore’s artificial intelligence (AI) capabilities to power our future, digital economy.

AISG will bring together all Singapore-based research institutions and the vibrant ecosystem of AI start-ups and companies developing AI products, to perform use-inspired research, grow the knowledge, create the tools, and develop the talent to power Singapore’s AI efforts.

AISG is driven by a government-wide partnership comprising NRF, Smart Nation and Digital Government Office (SNDGO), Infocomm Media Development Authority (IMDA), Economic Development Board (EDB), Enterprise Singapore (ESG), amongst others.

For more information on AISG and its programmes, please visit:  www.aisingapore.org

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Webb Fontaine Awarded New Contract by Ethiopian Government to Strengthen Trade Facilitation

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DUBAI, UAE, July 6, 2023 /PRNewswire/ — Webb Fontaine, a global leader in AI-powered trade solutions, is proud to announce that it has been awarded a contract with the Ethiopian government to continue its crucial work in the enhancement of the Customs system. This partnership marks a significant milestone in Webb Fontaine’s ongoing commitment to driving trade facilitation and economic growth in Ethiopia.

Ethiopia, with its incredibly large volumes of trade transactions, presents immense opportunities for economic expansion. Recognizing this potential, Webb Fontaine is honored to have the opportunity to continue its collaboration with the Ethiopian government in further advancing the country’s Customs system.

Pascal Minvielle, COO of Webb Fontaine, expresses his pride, saying, “We are incredibly proud of the achievements realized through our previous contract with Ethiopia Customs, where we successfully implemented a new Customs system. This new contract signifies a pivotal moment in our partnership, as we focus on developing and expanding upon the foundations we have established. Webb Fontaine is fully committed to working alongside the Ethiopian government to drive trade facilitation and foster sustainable economic growth.”

The second contract emphasizes the mutual dedication of Webb Fontaine and the Ethiopian government to leverage cutting-edge technology and innovative solutions to streamline trade processes and enhance Customs operations. By further developing the Customs system, Webb Fontaine aims to optimize efficiency, increase transparency, and improve revenue collection, ultimately driving economic prosperity in Ethiopia.

The successful implementation of the new Customs system under the previous contract has already demonstrated its transformative impact on trade facilitation in Ethiopia. This new contract represents a continuation of the partnership’s shared vision to build on the system’s success, harnessing its potential to revolutionize trade processes and strengthen Ethiopia’s position in the global market.

Webb Fontaine is committed to delivering state-of-the-art solutions powered by AI and innovative data analytics. Through this ongoing collaboration, the Ethiopian government will benefit from advanced tools and technologies that facilitate seamless trade operations, effective risk management, and simplified document submission and verification.

This partnership is a testament to Ethiopia’s commitment to digital transformation and Webb Fontaine’s dedication to supporting the country’s ambitious trade facilitation goals. Together, they will continue to enhance the Customs system, driving economic growth, attracting investments, and fostering stronger international trade relationships.

PR Newswire

Lunit’s AI-Powered Lung Cancer Screening Solution Significantly Affects Radiologists’ Diagnostic Determination – Published in Radiology

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– Recent study conducted by Seoul National University Hospital provides strong evidence that high-accuracy AI model improves radiologists’ chest X-ray analysis performance

SEOUL, South Korea, July 3, 2023 /PRNewswire/ — Findings from a recent study demonstrate that medical AI solutions with only high diagnostic accuracy can significantly improve the reading performance of radiologists.

Lunit's chest X-ray AI analysis solution 'Lunit INSIGHT CXR'
Lunit’s chest X-ray AI analysis solution ‘Lunit INSIGHT CXR’

Lunit (KRX:328130.KQ), a global provider of AI-powered cancer diagnostics solutions, today announced the publication of a study exploring the impact of medical AI solutions’ accuracy on radiologists’ diagnostic determination. The study, conducted by Seoul National University Hospital from December 2015 to February 2021, was recently published in ‘Radiology,’ a renowned peer-reviewed journal in medical imaging.

The study involved a cohort of 30 doctors, including 20 board-certified radiologists with 5 to 18 years of expertise and 10 radiology residents with 2 to 3 years of training. A total of 120 retrospectively collected chest radiographs were assessed, with 60 obtained from patients with lung cancer and the remaining 60 showing no abnormalities.

During the first session, the 30 readers were divided into two groups and analyzed 120 chest X-rays each without the assistance of AI. In the subsequent session, each group reinterpreted the images with the aid of either a high-accuracy or low-accuracy AI model.

The high-accuracy AI model utilized in the study was Lunit INSIGHT CXR, Lunit’s commercially available AI solution for chest X-ray analysis. In contrast, the low-accuracy model was trained using only 10% of the data available to Lunit INSIGHT CXR. The AUROC (area under the receiver operating characteristic curve), a commonly used metric for diagnostic accuracy, of Lunit INSIGHT CXR was 0.88, while the low-accuracy AI model only reached 0.77.

The study revealed that using the higher-accuracy AI model, Lunit INSIGHT CXR, significantly improved radiologists’ performance. The AUROC was remarkably advanced from 0.77 to 0.82 when assisted by the high-accuracy AI model.

Conversely, the radiologists from the other group did not experience any performance improvement when utilizing the low-accuracy AI model, as the AUROC remained at 0.75. Moreover, the group that employed the high-accuracy AI model demonstrated a higher susceptibility to AI suggestions. The radiologists accepted 67% of AI recommendations that contradicted the initial reading results, compared to 59% acceptance of the group that utilized the low-accuracy AI model.

Moreover, the study findings highlighted that factors such as radiologists’ individual expertise, experience with AI, or attitudes toward AI had negligible impact on their reading performance in the second session. Instead, the accuracy of the AI model and the radiologists’ initial diagnostic accuracy emerged as the primary determinant shaping the final diagnostic determination.

These findings underscore the significance of the AI model’s performance when radiologists use AI as a second reader. Furthermore, the study demonstrates how such AI assistance can increase radiologists’ susceptibility to AI suggestions, ultimately contributing to more accurate diagnoses.

“The study backs that irrespective of radiologists’ individual characteristics, the utilization of high-performance AI significantly enhances diagnostic accuracy and fosters a greater acceptance of AI within medical practices,” said Brandon Suh, CEO of Lunit. “At Lunit, we are committed to developing AI-powered solutions that not only improve patient outcomes but also augment the expertise of healthcare professionals. This publication is a testament to our dedication to advancing the field of cancer diagnostics through cutting-edge technology.”

Radiology, owned and published by the Radiological Society of North America (RSNA), is a prestigious publication with a distinguished Impact Factor of 29.146, making it the number one ranked journal in the field of medical imaging.

About Lunit

Lunit is a deep learning-based medical AI company on a mission to conquer cancer, one of the leading causes of death worldwide. Our focus is on developing AI solutions for precision diagnostics and therapeutics, ensuring the right diagnosis, and treatment, at the right cost for each patient. Lunit focuses on developing advanced medical image analytics and AI-based biomarkers via cutting-edge technology.

Founded in 2013, Lunit has been acknowledged around the world for its advanced, state-of-the-art technology and its application in medical images. Its technology has been recognized at international AI competitions surpassing giants like Google, IBM, and Microsoft. As a medical AI company grounded on clinical evidence, the company’s findings are presented in major peer-reviewed journals such as the Journal of Clinical Oncology and JAMA Network Open, and global conferences including ASCO and AACR.

After receiving FDA clearance and the CE Mark, our flagship products, Lunit INSIGHT CXR and Lunit INSIGHT MMG, are clinically used in approximately 2,000 hospitals and medical institutions across 40+ countries. Lunit is headquartered in Seoul, South Korea with offices and representatives worldwide.