WiMi Hologram Cloud Inc. Stock Price, News & Analysis

WiMi Hologram Cloud (NASDAQ: WIMI) announced a new core patent for an interactive holographic display system designed for Web 3.0. The system incorporates five functional units, including a login verification unit and a processing unit, to enhance user interaction and experience. It enables real-time dynamic displays, allowing users to engage with holographic content, fostering a rich visual and auditory experience. WiMi anticipates that this innovation will contribute significantly to the growing demand for interactive technologies in the expanding Web 3.0 landscape.

WiMi Hologram Cloud Inc. (NASDAQ: WIMI) announced on February 16, 2023, its development of a Data Security Risk Perception System. This system leverages advanced technologies such as holographic signature feature detection and artificial intelligence to enhance data analysis and security. It aims to monitor and audit data transmission in real-time while offering a dynamic holographic view of data assets. Additionally, WiMi has secured several patents in digital holographic technology. The company continues to focus on using holographic technology to support network security and facilitate the digital transformation of industries.

WiMi Hologram Cloud Inc. (NASDAQ: WIMI) announced the development of a 3D reconstruction algorithm system based on image and point cloud fusion. This technology allows for the accurate establishment of 3D models essential for virtual reality applications.

The system has three components: data acquisition, information extraction, and point cloud processing. It captures multi-view point cloud data, extracts features, and aligns point clouds to create comprehensive environmental models. This advancement is pivotal for expanding the application of holographic AR technologies and bridging natural and virtual worlds.

WiMi Hologram Cloud (NASDAQ: WIMI) announced the integration of holographic digital twins with ChatGPT technology. This innovation aims to develop a virtual world powered by advanced holographic technologies and strong internet services. Key advancements include:

• Embedding holographic AR content for commercial applications.
• A comprehensive library of 4,654 holographic IP rights.
• The launch of the 'WiMi Hologram SoftLight' XR headset, approved for the US market.

These developments are expected to enhance WiMi's market position in the growing AR industry.

WiMi Hologram Cloud (NASDAQ: WIMI) announced the successful merger of its subsidiary VIYI Algorithm Inc. with Venus Acquisition Corporation, a SPAC, valued at $400 million. WiMi holds 73% of VIYI, which will be renamed MicroAlgo Inc. and listed on NASDAQ under the symbol MLGO effective December 13, 2022. This transaction positions WiMi to retain significant control with 63.32% voting power in the new entity, enhancing its intrinsic value. VIYI focuses on customized central processing algorithms, aiming for rapid revenue growth, and aligning with WiMi's strategy in the AR market.

WiMi Hologram Cloud Inc. (NASDAQ: WIMI) announced its membership in the Information Technology Innovation Committee of the China Communications Industry Association, following a rigorous evaluation. This membership highlights WiMi's strength in holographic Augmented Reality (AR) technology. The company boasts 195 technology patents and 325 software copyrights, and its products have received FCC approval for the U.S. market. Looking ahead, WiMi plans to leverage this opportunity to intensify innovation in 5G communication, holographic AR, and artificial intelligence.

WiMi Hologram Cloud (Nasdaq: WIMI) announced on March 28, 2022, that its consumer VR head-mounted display, WIMI HoloVR, has received FCC approval to enter the U.S. market. The device features advanced specifications, including a 105-degree field of view, 3840x2160 resolution, and a heart rate monitor, targeting various applications in entertainment and education. Financial performance in H1 2021 showed a 202.2% revenue increase, with gross profits rising 189.8%. The company is investing significantly in R&D, anticipating growth in the holographic AR sector driven by the Metaverse.

WiMi Hologram Cloud (Nasdaq: WIMI) announced the successful acquisition of a trademark registration from the United States Patent and Trademark Office for its WiMi Hologram Softlight brand. This trademark aids in enhancing the company's intellectual property protection and strengthens its competitive position in the AR sector. CEO Shuo Shi stated that this move will bolster brand awareness internationally and safeguard against trademark infringements. WiMi reported significant financial growth, with a 202.2% increase in global operating revenue and a 40.3% rise in net profit for the first half of 2021.

WiMi Hologram Cloud Inc. (NASDAQ: WIMI) has been included in the ProShares Metaverse ETF (VERS), a fund designed to offer investors exposure to key companies shaping the metaverse. Tracking the Solactive Metaverse Theme Index, VERS encompasses 40 companies across various sectors such as device manufacturing and gaming. WiMi's CEO, Shuo Shi, expressed pride in this inclusion, highlighting the company's competitive advantage in the holographic AR industry and its intention to capitalize on growth opportunities within the metaverse.