Friday, June 14, 2024
PR Newswire Area

WiMi Developed an Aggregated Clustering Algorithm to Support the Algorithmic Processing Needs of the Next Generation Internet

BEIJING, July 25, 2023 /PRNewswire/ — WiMi Hologram Cloud Inc. (NASDAQ: WIMI) (“WiMi” or the “Company”), a leading global Hologram Augmented Reality (“AR”) Technology provider, today announced that an aggregated clustering algorithm is developed for supporting the algorithmic processing needs of the next generation Internet. The clustering algorithm is a machine learning algorithm that groups similar data points to form clusters. Clustering algorithms aim to discover hidden structures or patterns in unlabeled data sets and group similar data points into clusters. Clustering algorithms can be used in various domains such as image segmentation, customer grouping, anomaly detection, etc.

Clustering algorithms work on the principle that given a dataset, clustering algorithms group data points into different clusters, where data points within the clusters should be similar and data points between the clusters should be very different. Clustering algorithms usually require the definition of a Distance Metric, which measures the similarity or distance between data points. The goal of clustering algorithms is to minimize the differences within clusters and maximize the differences between clusters to form clear, meaningful clusters. However, clustering algorithms have different adaptability to datasets of different shapes and sizes, and it is difficult to achieve excellent results on large-scale and complex strategy sets. To greatly improve evaluation efficiency, there is an urgent need to propose a clustering algorithm that can effectively handle large-scale strategy sets.

WiMi addresses these issues by proposing an improved clustering algorithm and building an efficient policy evaluation engine. WiMi’s clustering algorithm contains meta-heuristic clustering algorithms that handle heterogeneous datasets with multiple features and fuzzy mean algorithms that make it suitable for clustering data with unequal sizes, noisy and outlier values, and non-uniform quality distribution.

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.