WiMi Hologram Cloud Inc. - American Depositary Share (WIMI)

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Beijing, Feb. 05, 2024 (GLOBE NEWSWIRE) -- WiMi Hologram Cloud Inc. (NASDAQWIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that a multi-view representation learning algorithm is to deal with the data stream clustering problem. The multi-view representation learning algorithm can provide an effective solution to the data stream clustering problem. The multi-view representation learning algorithm is a method of learning and fusing data from multiple views to obtain a more comprehensive representation. In data stream clustering, multiple views can be used to represent different aspects of the data stream, such as time series view, spatial view, etc., and each view can provide different information.

Beijing, Feb. 01, 2024 (GLOBE NEWSWIRE) -- WiMi Hologram Cloud Inc. (NASDAQWIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that it optimized cloud task scheduling using group intelligence algorithms. A group intelligence algorithm is a computational method based on the behavior of groups in nature, which can demonstrate powerful search and optimization capabilities in solving complex problems by simulating the interactions and collaborations of individuals in a group. Using group intelligence algorithms to solve cloud task scheduling problems can improve task execution efficiency and resource utilization.

Beijing, Jan. 29, 2024 (GLOBE NEWSWIRE) -- WiMi Hologram Cloud Inc. (NASDAQWIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that it has been focusing on solving the bottleneck of holographic head-mounted display technology, challenging the traditional display mode and enhancing the overall user experience. WiMi's HoloAR Lens was developed by using a holographic eye-tracking focusing system, an optical system with adjustable pupil distance, and real-time FOV digital control in a product that involves optical engineering, computer vision, human-computer interaction, etc. The core innovation of the HoloAR Lens is that WiMi developed a holographic eye-tracking focusing system. It uses advanced computer vision technology that captures the user's eye movements in real-time by embedding an eye-tracking camera in the device. This data is transmitted to the built-in processing unit and analyzed with the help of algorithms to determine the user's focus position.

Beijing, Jan. 26, 2024 (GLOBE NEWSWIRE) -- WiMi Hologram Cloud Inc. (NASDAQWIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that it developed an AI-driven real-time spatial interaction perception system for interior design. The design industry has ushered in the era of personalized design, and the co-use of AI and VR technologies provides an unprecedented opportunity.

Beijing, Jan. 24, 2024 (GLOBE NEWSWIRE) -- WiMi Hologram Cloud Inc. (NASDAQWIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that it successfully integrated the visual-brain-computer interface (V-BCI) into the holographic eyewear interaction system, resulting in a more efficient and immersive user experience.

Beijing, Jan. 22, 2024 (GLOBE NEWSWIRE) -- WiMi Hologram Cloud Inc. (NASDAQWIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced an LSTM-based data analysis system to provide clients with cutting-edge tools to trade in the complex cryptocurrency environment.

Beijing, Jan. 18, 2024 (GLOBE NEWSWIRE) -- WiMi Hologram Cloud Inc. (NASDAQWIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced a Trimmed K-Means algorithm for detecting crypto-wallet fraud on the Bitcoin network. It combines symmetry and asymmetry in computer and engineering sciences to provide a novel solution for crypto-wallet fraud on the Bitcoin network. The technology not only improves detection efficiency but also identifies anomalous behavior more accurately, providing a more secure trading environment for Bitcoin investors.

Beijing, Jan. 16, 2024 (GLOBE NEWSWIRE) -- WiMi Hologram Cloud Inc. (NASDAQWIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that it is working on a novel mixed byzantine fault tolerance (MBFT).

Beijing, Jan. 12, 2024 (GLOBE NEWSWIRE) -- WiMi Hologram Cloud Inc. (NASDAQWIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that it is working on employing Markov Chain Monte Carlo (MCMC) to blockchain storage. A new blockchain storage strategy is being proposed that reduces the block information in different nodes according to a stochastic algorithm. This blockchain secure storage strategy utilizes MCMC to improve blockchain data storage security. The MCMC algorithm has a wide range of applications in the fields of random sampling, mathematical expectation estimation, and definite integral calculus. The security of blockchain is built on the base of randomness.

Beijing, Jan. 10, 2024 (GLOBE NEWSWIRE) -- WiMi Hologram Cloud Inc. (NASDAQWIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that it is working on the optimization of a blockchain hash algorithm based on proactive re-configurable computing architecture (PRCA). PRCA is an operational mechanism based on multi-dimensional re-configurable functional structures, which centers on the execution structure of computation, and storage that changes dynamically with the efficiency when data is being processed, instead of improving the algorithms to improve the performance of the computation while the underlying hardware remains unchanged. PRCA has many functional equivalents, but they are accomplished by combining different hardware structures with that algorithm. The goal is to achieve high performance in computation, i.e., to deal with how the algorithm automatically senses variables to generate the optimal set of computations and re-configures the computation autonomously. In addition, PRCA can improve the processing efficiency of the blockchain by dynamically adapting the hardware configuration to different computational requirements. For example, when performing hash computing, the hardware configuration can be dynamically adjusted according to the actual computational needs, such as increasing the number of CPU cores, increasing the memory capacity, etc., in order to improve the speed of computing.

Beijing, Jan. 08, 2024 (GLOBE NEWSWIRE) -- WiMi Hologram Cloud Inc. (NASDAQWIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that the probability of backtest overfitting algorithm (PBO) was used to blockchain and bitcoin trading strategies. PBO is computed based on the combinatorial symmetric cross-validation framework (CSCV) and is designed to quantify the risk of overfitting in small sample backtests. With PBO, it is possible to assess the overfitting probability of a strategy in a single backtest, thus reducing the risk of a poorly performing live model. However, relying on backtesting results alone is not enough. In order to obtain models that perform better out-of-sample, WiMi has developed a dynamic optimization algorithm based on PBO, namely the "PBO-DOA algorithm". This algorithm is important in quantitative trading because it can dynamically optimize the model's parameters to help investors build optimal portfolios.

Beijing, Jan. 05, 2024 (GLOBE NEWSWIRE) -- WiMi Hologram Cloud Inc. (NASDAQWIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced an image-fused point cloud semantic segmentation method based on fused graph convolutional network, aiming to utilize the different information of image and point cloud to improve the accuracy and efficiency of semantic segmentation. Point cloud data is very effective in representing the geometry and structure of objects, while image data contains rich color and texture information. Fusing these two types of data can utilize their advantages simultaneously and provide more comprehensive information for semantic segmentation.

Beijing, Jan. 03, 2024 (GLOBE NEWSWIRE) -- WiMi Hologram Cloud Inc. (NASDAQWIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that it developed RandomPatchSpatialSpectrumClassifier (RPSSC) technology to fully utilize the complementarity between spatial and spectral information.

Beijing, Dec. 27, 2023 (GLOBE NEWSWIRE) -- WiMi Hologram Cloud Inc. (NASDAQWIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that by combining cloud servers, general-purpose computers, and FPGAs, WiMi has built a blockchain heterogeneous computing framework named "HeteroBlock Framework". The framework is designed to provide users with efficient, flexible, and reliable blockchain computing services to meet the growing computing demand.

Beijing, Dec. 26, 2023 (GLOBE NEWSWIRE) -- WiMi Hologram Cloud Inc. (NASDAQWIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that a decentralized file storage and sharing system is built by applying the bitcoin algorithm distributed hash table (DHT) technology.

Beijing, Dec. 22, 2023 (GLOBE NEWSWIRE) -- WiMi Hologram Cloud Inc. (NASDAQWIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that it developed an efficient hologram calculation using the wavefront recording plane method, which combines the principles of light wave interference and diffraction. The method determines the effective visible region by analyzing the diffraction characteristics of an object point on a three-dimensional object, and based on this, identifies the effective hologram size of the object point, thus realizing the rapid generation of holograms.

Beijing, Dec. 20, 2023 (GLOBE NEWSWIRE) -- WiMi Hologram Cloud Inc. (NASDAQWIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that it adopted a group intelligence algorithm to optimize the artificial neural network. This algorithm facilitates the process of determining the network structure and the training of the artificial neural network. The group intelligence algorithm is better at finding the optimal connection weights and biases during training compared to traditional algorithms.

Beijing, Dec. 18, 2023 (GLOBE NEWSWIRE) -- WiMi Hologram Cloud Inc. (NASDAQWIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that it proposed hybrid recurrent neural network architecture-based human-robot collaboration intent recognition. Hybrid recurrent neural network architecture is a model that combines recurrent neural network (RNN) and convolutional neural network (CNN). RNN is a neural network suitable for modeling and sequential data processing, which can efficiently capture temporal information and contextual relationships in the data through recurrent connections and hidden state updating, it can effectively capture temporal information and contextual relationships in sequence data. CNN can effectively extract data features. Hybrid recurrent neural network combines the advantages of RNN and CNN, which can better capture sequence information and local features, and can better handle intention recognition for human-robot collaboration.

Beijing, Dec. 14, 2023 (GLOBE NEWSWIRE) -- WiMi Hologram Cloud Inc. (NASDAQWIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that its R&D team proposed an asymmetric spectral network algorithm. The algorithm employs asymmetric coordinate spectral spatial feature fusion to provide a novel, end-to-end feature learning method for hyperspectral image classification tasks. The algorithm's adaptive feature fusion method is capable of extracting discriminative spectral spatial features, and unlike common feature fusion methods, the algorithm is more adaptable to multi-hop connectivity tasks while eliminating the need for manual parameterization.

Beijing, Dec. 12, 2023 (GLOBE NEWSWIRE) -- WiMi Hologram Cloud Inc. (NASDAQWIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that through in-depth research, WiMi has successfully developed a quantum entanglement routing optimization. This aims to improve entanglement fidelity and communication efficiency in quantum communication networks by optimizing the transmission path and distribution mechanism of entangled streams using advanced quantum memories and photonic switches. The overall design framework of quantum entanglement routing optimization is based on the complex structure of quantum communication networks and the entangled-stream distribution mechanism, and aims to optimize the transmission path and distribution method of entanglement flows in quantum communication networks to achieve high-fidelity entanglement transmission and high-efficiency quantum information communication.

NEW YORK – Jul 27, 2021 – Venus Acquisition Corporation (Nasdaq: VENA) (“Venus”), a publicly-traded special purpose acquisition company, and VIYI Algorithm Inc. (“VIYI Algo”), a Cayman Islands exempted company controlled by WiMi Hologram Cloud, Inc. (NASDAQWIMI), announced today that they have entered into a definitive merger agreement. A newly created merger subsidiary of Venus will be merged with and into VIYI Algo with VIYI Algo being the surviving entity and becoming a wholly-owned subsidiary of Venus. Upon closing of the transaction, Venus will change its name to MicroAlgo Inc.

NEW YORK – Jul 12, 2021 – Venus Acquisition Corporation (Nasdaq: VENA) (“Venus”), a publicly traded special purpose acquisition company, and VIYI Algorithm Inc. (“VIYI Algo”), a Cayman Islands exempted company operating in China and controlled by WiMi Hologram Cloud, Inc. (NASDAQWIMI), announced today that they have entered into a definitive merger agreement. A newly created merger subsidiary of Venus will be merged with and into VIYI Algo with VIYI Algo being the surviving entity and becoming a wholly owned subsidiary of Venus. Upon closing of the transaction, Venus will change its name to MicroAlgo Inc.

NEW YORK – Jul 5, 2021 – Venus Acquisition Corporation (Nasdaq: VENA) (“Venus”), a publicly traded special purpose acquisition company, and VIYI Algorithm Inc. (“VIYI Algo”), a Cayman Islands exempted company operating in China and controlled by WiMi Hologram Cloud, Inc. (NASDAQWIMI), announced today that they have entered into a definitive merger agreement. A newly created merger subsidiary of Venus will be merged with and into VIYI Algo with VIYI Algo being the surviving entity and becoming a wholly owned subsidiary of Venus. Upon closing of the transaction, Venus will change its name to MicroAlgo Inc.