Artificial Intelligence
WIMI Hologram Cloud’s AR and AI Vision Turns Virtual into Reality, While Facebook and Google Increase Investment in Metaverse
HONG KONG, May 14, 2021 (GLOBE NEWSWIRE) — MobiusTrend, the fintech market research organization, recently released a research report “WIMI Hologram Cloud’s AR and AI Vision Turns Virtual into Reality, While Facebook and Google Increase Investment in Metaverse”. If there is a parallel universe in our real world, we can break the boundaries of time and space, live in it in the form of digital avatars, and never go offline. Meanwhile, in this virtual world, classic IPs in different films and television or games can converge, as well as a fully operational social order, economic system, political system, etc.; also, countless digital content and digital objects can pass through here. It sounds incredible, but now we have broken this fantasy and made it real.
This virtual space is the Metaverse. Namely, Meta means meta in the computer field, such as Metadata, verse is an abbreviation of the universe, which means to explore the reconstruction of the virtual world outside the real world. It includes all virtual worlds, AR, VR, and the Internet. Metaverse is a future Internet iteration concept composed of shared, 3D virtual space links, and perceptible virtual worlds. “Metaverse” can be roughly understood as a more immersive and participatory Internet. It has been found that the best carrier of Metaverse is games.
Experts believe that Metaverse has seven distinct characteristics: sociality, real-time authenticity, interoperability, platform, possessing an economic system, openness, and real-time authenticity. Metaverse is not equivalent to “virtual space”, “virtual economy”, or just a game or UGC platform. It represents a more open and comprehensive platform space.
In order to understand the mystery of the Metaverse, in China and abroad, there are already many related large companies participate in this field. The Metaverse concept stock, Facebook, recently stated to the public that in 2021, the company will increase its investment in VR and AR. In addition to Facebook, companies exploring the path of Metaverse include Google, Roblox, Tencent, WIMI Hologram Cloud, ByteDance, etc., all of which have increased their investment to promote explosive growth in this field.
Roblox relied on the Metaverse-based sandbox game platform to be listed in the United States and gained popularity in the capital market, with a market value of up to $412, which is equivalent to 246.8 billion yuan. In addition, SOUL, the first stock of the social Metaverse, will be listed soon. ByteDance raised $1 billion, mainly for the development of “Metaverse”, of which $200 million came from Sony. Tencent opened the path of Metaverse and is committed to creating a true Internet era, that is, the integration of Digital Twin and Metaverse. With the help of the concept of “Metaverse”, WIMI Hologram Cloud has rapidly developed 3D, AI, and AR technologies to build an AR+AI vision platform and continue to build a fully immersed digital community, allowing people to use digital identities to entertain, consume, social, and create in the virtual world, and they can also shuttle between different scenarios. I have to say that Internet giants in China and abroad are engaged in this Metaverse market.
In fact, from the perspective of the market in China, WIMI’s investment in the field of virtual technology has always been highly concerned, and it is committed to the investment of the holographic AR industry, helping the holographic AR industry and enterprises to develop rapidly. WIMI has invested in more than 17 related companies up and down the industry chains. Moreover, WIMI cooperates with related industry enterprises in multiple fields, such as holographic AR interactive component design, holographic AR optical component development, holographic AR image research and development, holographic AR hardware/software development, holographic AR application expansion, and holographic AR platform construction. Although WIMI was established in 2015 and did not last long, it has been successfully listed and has the NASDAQ stock code: WiMi. It is worth noting that WIMI has now become a holographic cloud platform with potential and international influence.
“Metaverse” is gradually evolving into the “real world” in the virtual environment. WIMI has focused on in-depth R&D and market applications in all aspects of holographic 3D computer vision collection, AI synthesis, transmission, presentation, and application, covering multiple links from computer vision production, service platform construction, to cloud software development and technical support. WIMI’s holographic computer vision AI synthesis and top-level visual AI production plus professional visual presentation promote the gradual evolution of the “Metaverse” into a high-precision restoration of the “real world” in the virtual environment.
Combining the participation of Chinese and foreign giant companies, “Metaverse” is very popular with the market and capital. Metaverse involves collaboration in multiple fields and will be deployed in VR, AR, and AI. Currently, people are more optimistic about the VR/AR plus education direction and AR large-scenario point cloud map applications, and it is believed that Metaverse concept products are most likely to appear. The virtual reality industry is now entering a growth period. According to the market forecast of WIMI, 2020-2021 will be a key period for virtual reality to enter the fast lane of industrial development. At present, the world is in a period of immersive growth and cultivation. The Metaverse concept uses virtual reality hardware and content as the technical foundation, which helps to realize the coordinated development of both ends of the virtual reality industry.
At the same time, when accelerating the rapid development of the virtual reality market, AR and content applications should be the core. It is reported that the global virtual display market is close to 100 billion yuan, and AR and content applications have become the primary growth points. The global virtual reality market in 2020 is about 90 billion yuan, of which the VR market is 62 billion yuan, and the AR market is 28 billion yuan. It is estimated that the average annual growth rate of the virtual reality industry during the five-year period from 2020 to 2024 is about 54%. Among them, the growth rate of VR is about 45%, and the growth rate of AR is about 66%. In 2024, the share of both will be 240 billion yuan. According to third-party data, in the first half of 2020, the market size of China’s artificial intelligence research and development platform reached $140 million, with a compound growth rate of over 30%. Among them, the head platform represented by Alibaba Cloud and Baidu Brain has more than one trillion calls per day, and the AI ecosystem is expanding rapidly. The number of users of the iFlytek open platform has reached 1.756 million, with a total of 2.89 billion supported terminals. The number of Tencent AI open platform customers reached 2 million, and the number of global users served has exceeded 1.2 billion. In terms of R&D, Google TensorFlow and Facebook PyTorch have occupied the mainstream position in the market due to their first-mover advantage and the endorsement of large companies. For example, TensorFlow’s leadership in the industry has made it a long-term leader, and its market attention has exceeded second place by 3 times. PyTorch has sprung up due to its ease of use, accounting for more than 50% of top academic papers. Obviously, in the future, Metaverse will fully blossom in the layout of VR, AR, and AI. This will undoubtedly bring new opportunities to Chinese companies. Seizing this opportunity will bring China’s Internet to a higher level.
The concept of Metaverse is more advanced. Some people in the industry said that they are not very optimistic about the development of Metaverse. At present, this field needs more giants to participate in. To realize a true Metaverse, there are still many problems that need to be resolved, such as increased market competition, related product release and technical support, and AI research and development. All these still need a long time to develop. It is uncertain to reach the ideal state, and it will take some time to be mature. But there are also industry insiders who have a positive attitude towards the development of this field. In any case, the development of the new concept of Metaverse in China still needs attention.
About MobiusTrend
MobiusTrend Group is a leading market research organization in Hong Kong. They have built one of the premier proprietary research platforms on the financial market, emphasizing on emerging growth companies and paradigm-shifting businesses. MobiusTrend team is professional in market research reports, industry insights, and financing trends analysis. For more information, please visit http://www.mobiustrend.com/.
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Artificial Intelligence
MacPaw Recognized a Finalist in the Social Impact Award at the 2024 Reuters Events Sustainability Awards: Honored for Pioneering Innovation and Social Responsibility
KYIV, Ukraine, Oct. 2, 2024 /PRNewswire/ — MacPaw, a leading Ukrainian software company, has been named a finalist for the prestigious 2024 Reuters Sustainability Awards in the Social Impact category, standing out as the only Ukrainian company recognized in this field. This recognition highlights MacPaw’s exceptional efforts in ensuring safety, well-being, and innovation during adversity following the full-scale Russian invasion of Ukraine.
MacPaw’s entry, titled “Ensuring Safety and Well-being while Fostering Innovation: MacPaw’s Journey During Adversity,” underscores the company’s commitment to its employees and users, as well as the broader Ukrainian community. Despite the unprecedented challenges of wartime, MacPaw has continued to thrive, supporting millions of users across the world while spearheading vital social and humanitarian initiatives. We see Ukrainian innovation not only surviving but thriving. It’s a testament to Ukraine’s place in the tech world.
Key Achievements:
Humanitarian Aid and Recovery: Since February 2022, MacPaw has donated over $10 million to various charitable causes, driving significant change across Ukraine. MacPaw Foundation, a corporate charity, provided vital support to over 10,000 Ukrainians affected by the full-scale Russian invasion, ensuring they received the care and resources needed in times of adversity.Empowering Communities: Through the MacPaw Cares corporate social responsibility program, the company impacted 30+ social projects in 10 regions, focusing on supporting communities locally and globally, boosting sustainability effort, helping people in need, fostering local tech talent, inclusivity, and restoring access to education.Employee Support: The company implemented flexible mental health policies, offering dedicated support sessions, mental health surveys, and assistance to employees affected by the full-scale Russian invasion.Veterans Integration: MacPaw has launched a Veterans Integration Program to assist veterans in reintegrating into the company’s work and social life.Innovation in Crisis: Despite the war challenges, MacPaw introduced breakthrough products SpyBuster, ClearVPN, CleanMyPhone, Setapp Mobile. MacPaw also started a cybersecurity division that focuses exclusively on the cybersecurity needs of Mac users, Moonlock. Showcasing the commitment to the community, MacPaw developed Together App — a wartime check-in tool that helps employers monitor their team’s well-being and safety during the war.”We are honored to be recognized as Finalist in the Social Impact Award at the Reuters Events Sustainability Awards 2024 for our social impact efforts, especially as Russia’s invasion of Ukraine continues,” said Anna Manukhina, Director of MacPaw Foundation and CSR Lead at MacPaw. “This nomination reaffirms our commitment to supporting Ukraine and fostering innovation even in the times. Whether through mental health support, humanitarian aid, or product development, MacPaw’s initiatives reflect our mission to make a meaningful global impact.”
The 2024 Reuters Sustainability Awards are among the world’s most distinguished recognitions in sustainable development. It is more than just a recognition of the best sustainability strategies; it honors those who truly impact business, society, and the environment, creating a new way of doing business in the 21st century. Over the past 14 years, the award has served as a benchmark for companies worldwide.
For more information about MacPaw’s social impact initiatives, visit MacPaw’s Social Impact Review.
About MacPaw
MacPaw develops and distributes innovative software for macOS and iOS that simplifies the lives of Mac users. Renowned for its meticulously crafted products, such as CleanMyMac X, CleanMy®Phone, Setapp, and ClearVPN, and known for its Moonlock cybersecurity division, MacPaw is dedicated to enhancing and securing the Mac user experience. Founded in Kyiv, Ukraine, with offices in Boston, MacPaw serves millions of users worldwide. With one in every five Mac users having at least one MacPaw app, the company is a trusted leader in the Mac software ecosystem.
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Artificial Intelligence
When Evaluating Vendors, 64% of Manufacturers Surveyed Cite Strong Onboarding and Ongoing Support as Crucial
NEW YORK, Oct. 2, 2024 /PRNewswire/ — Global technology intelligence firm ABI Research recently completed its 2024 Manufacturers’ Technology Adoption & Attitudes Survey, a comprehensive survey of 461 manufacturing decision-makers across the United States, Malaysia, and Germany to uncover real-world attitudes, adoption trends, and valuable insights that reflect the current technological landscape within the manufacturing industry. When asked which criteria were most important when evaluating a new solution or vendor, 64% of respondents ranked a robust onboarding process with training, resources, and post-sales follow-up as the most critical.
“Improving quality and productivity levels are key objectives for survey respondents. However, an overriding concern is how to deploy the technologies to achieve those objectives. Manufacturers require assurance that they will receive adequate support and training resources to quickly adapt, along with ongoing follow-up from the vendor,” explains Michael Larner, Distinguished Analyst at ABI Research.
Vendors often prioritize outlining potential investment outcomes to provide evidence of return on investment. Benefits will take longer to accrue if users cannot fully understand and properly utilize the solution. To avoid this, the vendor or their partners must be present during the initial launch, provide training resources that enable users to map the solution to their workflows, and adhere to a strict follow-up plan with the customer. These measures will require investment in the post-sales process, emphasizing partners’ education so that they effectively represent the vendor in onboarding processes.
The survey further revealed that recruiting and retaining staff is challenging for manufacturers. The lack of skills underscores the concerns not only regarding deploying technologies but also fully grasping the opportunities that digital technologies offer. “Hand holding by the vendor will be required when manufacturers are devising Proofs of Concept (PoCs), evaluating suppliers, and implementing solutions at their facilities,” Larner concludes.
These findings are from ABI Research’s Industrial and Manufacturing Survey 1H 2024: What Are Respondents Looking for from Vendors? report. This report is part of the company’s Industrial & Manufacturing Technologies research service, which includes research, data, and ABI Insights.
About ABI Research
ABI Research is a global technology intelligence firm uniquely positioned at the intersection of technology solution providers and end-market companies. We serve as the bridge that seamlessly connects these two segments by providing exclusive research and expert guidance to drive successful technology implementations and deliver strategies proven to attract and retain customers.
ABI Research是一家全球性的技术情报公司，拥有得天独厚的优势，充当终端市场公司和技术解决方案提供商之间的桥梁，通过提供独家研究和专业性指导，推动成功的技术实施和提供经证明可吸引和留住客户的战略，无缝连接这两大主体。
For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit www.abiresearch.com.
Contact Info:
GlobalDeborah PetraraTel: [email protected]
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Artificial Intelligence
Scale Computing Offers Simple, Secure, Reliable IT Infrastructure to Guard Against Data-Hungry Ghouls
Company Gifting Retro Polaroid Cameras to End Users in North America and Europe, Middle East, and Africa through November 8th
INDIANAPOLIS, Oct. 2, 2024 /PRNewswire/ — Scale Computing, the market leader in edge computing, virtualization, and hyperconverged solutions, today announced its new campaign targeting outdated IT infrastructure and calling on organizations to learn more about Scale Computing Platform’s (SC//Platform) future-ready solutions. Between now and November 8, 2024, end users in North America and Europe, Middle East, and Africa (EMEA) who register for a meeting will receive a retro Polaroid camera.
“Downtime, data loss, and corruption can happen at any moment, threatening your business. Instead of being plagued by data-hungry ghouls and goblins, we invite users to learn more about Scale Computing and our SC//Platform to maximize security, ensuring that critical systems are always protected, validated, and ready for recovery. Organizations of all sizes across all vertical industries can benefit from SC//Platform, which brings together simplicity and scalability, replacing existing outdated infrastructure. Users instead get high availability for running workloads in a single, easy-to-manage platform, while leveraging our patented self-healing technology to maintain maximum uptime for all applications,” said Jeff Ready, CEO and co-founder of Scale Computing.
October is Cybersecurity Awareness Month, dedicated to raising awareness about the importance of digital security and protecting personal data. As cyber criminals become more sophisticated, maintaining modern infrastructure with a strong cybersecurity posture is key to keeping critical business applications and data secured. The new campaign from Scale Computing aims to help businesses scare away threats and fortify their defenses against data-hungry ghouls.
SC//Platform provides infrastructure that is simple, secure, scalable, and reliable. Combine it with Scale Computing’s subscription-based Business Continuity/Disaster Recovery (BCDR) Planning Service to establish a comprehensive and regulated response plan for any unforeseen downtime. With SC//Platform, an organization’s critical systems will be protected, validated, tested, and always ready for recovery when the goblins strike.
Book your meeting today to ensure your business is prepared for whatever data-hungry dark forces come your way and receive a complimentary Polaroid camera. To learn more about Scale Computing and book your meeting, visit https://www.scalecomputing.com/landing-pages/guard-against-data-hungry-ghouls.
About Scale ComputingScale Computing is a leader in edge computing, virtualization, and hyperconverged solutions. Using patented HyperCore™ technology, Scale Computing Platform automatically identifies, mitigates, and corrects infrastructure problems in real-time, enabling applications to achieve maximum uptime, even when local IT resources and staff are scarce. Edge Computing is the fastest-growing area of IT infrastructure, and industry analysts have named Scale Computing an outperformer and leader in the space, including being named the #1 edge computing vendor by CRN. Scale Computing’s products are sold by thousands of value-added resellers, integrators, and service providers worldwide. When ease-of-use, high availability, and TCO matter, Scale Computing Platform is the ideal infrastructure platform. Read what our customers have to say on Gartner Peer Insights, G2, and TrustRadius.
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