Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Meta universe opens a new chapter in holography, WiMi Hologram seizes new opportunities of the times.
source
https://inf.news/en/tech/8354c262b644f97975f2d2bb21cbc9d2.html
2021-10-22 06:47 HKT
Virtual reality technology is a brand-new practical application technology developed in the 20th century. The arrival of virtual reality technology ushered in a new chapter in the concept of meta-universe. The recent explosion has made everyone familiar with the concept of meta-universe. The meta-universe can be seen as an extension of the current world, an online virtual world that is born out of the real world and parallels and interacts with it.
As early as 1992, science fiction writer Neal Stephenson's work "Avalanche" first proposed and expressed the concept of meta-universe. Before the arrival of mobile Internet and virtual reality technology, it predicted various human activities in the future meta-universe. . In the later "The Matrix" and "Ready Player One", everyone's interpretation and imagination of the definition of the meta universe was moved to the big screen.
In recent years, Travis Scott has held online concerts in "Fortnite", UC Berkely held an online graduation ceremony in "Minecraft", Facebook-operated VR social platform Horizon detonated a boom, etc., all prove The early meta universe has brought our lives to a whole new chapter.
Of course, the explosion of Meta Universe is also inseparable from the key impacts of the policy environment. The ``Digital Agriculture and Rural Development Plan (2019-2025)'' issued by the Office of the Central Cyber ??Security and Informatization Commission pointed out that the basic research and development and cutting-edge layout of new technologies such as VR/AR will be strengthened, and a series of digital industry strategic technology reserves and product reserves will be formed. The outstanding feature of VR/AR is that it can provide an immersive experience, which has obvious effects on improving public services and empowering traditional industries. It has also become the focus of policy focus in 2021.
In recent years, the specialization period has catalyzed the accelerated penetration of digital life, and the immersive experience of the meta-universe can form a substitute or even upgrade to the real scene. People's activities under the epidemic are significantly affected, and the scene-based social functions provided by the platform support users' social and entertainment needs for online transfer. The rapid development and application of technology drive human spiritual entertainment to the meta-universe. The main technical routes from 5G, cloud computing, AI, AR, and blockchain technology are expected to become an important track leading to the meta-universe.
The landing scene of the meta universe is not limited to games. As the sub-universes are interconnected, the meta universe will fully map the real world and meet the various needs of users.
Basically, the meta universe will be analyzed from three levels.
- The first is from autonomous immersion. On the one hand, when you are in the virtual world, as long as you don't break the rules of the virtual world, you can follow your own ideas to build the virtual world, which is autonomous immersion.
- The second is the concept of decentralization. When everyone's virtual world is concentrated in one or a few fixed servers, your world may be tampered with. At this time, decentralization becomes extremely important. Everyone's Virtual worlds exist independently, but you might say how to connect different users?
- This is the meaning of the third level of existence. To interconnect with the world, interconnection needs to have intersection. There is no big problem with data transmission, but the concept of currency is needed. For example, this virtual world allows you to earn money in the real world.
Money is different in nature. How does the virtual world connect with the real world? The easiest way is to let the virtual world have its own unique economic system, and the currency of the virtual world and the purpose of the real world are more exchanged.
Recently, the market's love for the meta-universe concept has gradually increased. As the Wimi Hologram (WIMI.US), which has already been deployed in related fields, it has also felt this heat flow.
As the first unit of "Meta Universe Holographic AR", a huge holographic ecosystem has been established. Due to its own technical advantages, years of technical accumulation have laid the foundation for WiMi Hologram to explore the meta universe, and the "Holographic Meta Universe Division" has been specially established.
WiMi Hologram has a comprehensive holographic IP rights content library, virtual holographic content covers from 3D models to holographic virtual products. The company has a total of 4,654 holographic virtual IP rights content, which can be used in its holographic AR products and solutions, covering a wide range of categories,
- Including holographic animation,
- virtual live broadcast,
- virtual idols and
- virtual social.
WiMi Hologram's virtual assets will generate commercial value in the meta-universe. The sword refers to the "next generation Internet", and the prototype of the meta-universe holographic AR ecosystem has also emerged From this, it seems that WiMi Hologram has grasped the new opportunities of the times, and the results can only be verified by waiting time.
According to PricewaterhouseCoopers' estimates, the Meta Universe market will reach 1.5 trillion U.S. dollars in 2030. The 1.0 era of the first stage of the meta universe is mainly for the To C market represented by social networking and entertainment. As for the VR industry, IDC expects a compound growth rate of 41.4% in the next five years. The market size is expected to reach US$184.66 billion in 2026, with a compound annual growth rate of 48.7% from 2021 to 2026.
What is certain is that under the joint promotion of technological evolution and human needs, the realization of the meta-universe scenario is only a matter of time. However, the meta-universe will also face fierce competition in the future. Some participants in the "meta-universe" said: "I hope to persist until the day when the meta-universe comes, we will still be an important player in the entrance of the meta-universe."
Meta universe sweeps the world, see how AR+MDT technology transforms into any door of IT operation and maintenance services.
source
https://min.news/en/tech/9e1a27cd640ef7b554de74389156e465.html
2021-10-22 06:48 HKT
IQiyi released its flagship new product Qiyu 3 VR all-in-one machine; Xiaomi's first smart AR glasses exploration version was officially released; Facebook revealed its plan to build a meta-universe company; Google's virtual and augmented reality research has been conducted for several years; WiMi Hologram also Started the exploration in the field of meta-universe; Apple press conference showed "AR" clues again...
Recently, both domestic and foreign technology circles are hotly discussing a concept-Metaverse (meta universe). This English word is composed of Meta and Verse. Meta means transcendence, and verse means universe, which is the universe. mean.
It can be understood that Metaverse is the future form of the Internet:
it is a collection of virtual spaces, composed of a series of augmented reality (AR), virtual reality (VR) and the Internet (Internet). Simply put, the meta universe is a virtual world that is parallel to the real world and can communicate with it to a high degree.
In fact, the reason why the meta-universe can become popular and attract so many people's attention is only related to one thing, and that is - what is the future form of the Internet?
In the earliest days, people used computers to access the Internet, which was called the first generation of Internet; later, they used mobile phones to access the Internet, which was called the second generation of Internet, also called mobile Internet. What will you use to surf the Internet in the future? Going further down, you will find that the mobile phone may be difficult to carry.
Is there anything that a mobile phone cannot carry? In fact, it is currently recognized that the part that mobile phones cannot carry is the part that differs from the next generation of the mobile Internet. To put it bluntly, it is AR/VR.
AR (Augmented Reality), that is, augmented reality. It is just a technology, how can it be said that it is the next generation of computers? Because AR glasses are the best carrier for the future "spatial Internet". It will replace personal computers (PC) and mobile phones. What computers and mobile phones can do, it can do it. It can also do things that computers and mobile phones can't do, such as the convenience of freeing hands, and the "immersion", "naturalness" and "sense of entry" in human-computer interaction. It can truly break the gap between the real world and the virtual world, and present virtual information in the real world.
Perhaps in the near future, we will be able to use AR glasses to surf the Internet, which is the third generation of the Internet, or it may be called the "meta universe". In short, the meta-universe is good, and AR is not the case. These seemingly tall concepts have already been put into use now.
AR+MDT technology - Everyone can become a "omnipotent" engineer-
MDT (Multi-Disciplinary Treatment, multi-disciplinary diagnosis and treatment model), in the first medical field, refers to the process of multidisciplinary senior experts formulating personalized diagnosis and treatment plans for patients through joint discussions. It is now derived from the field of IT services and refers to the complex IT In an interoperable environment, a service model that brings together technical experts from multiple fields to collaborate on fault diagnosis and processing.
Under the combined effect of technology and industrial chain promotion, the application scenarios of AR are gradually blooming. As far as IT operation and maintenance services are concerned, the "remote collaboration" function in AR+MDT technology alone is sufficient to cover IT operation and maintenance service scenarios such as fault diagnosis, troubleshooting, and intelligent inspection. Through a one-stop AR empowerment tool, traditional IT companies can easily complete digital transformation, thereby obtaining higher returns at lower costs.
Data centers are very important to enterprises. According to research conducted by research institute IDC, in the past year, an average of 16 outages occurred in each data center, and the average cost of each loss was US$740,357, so the total cost of loss Will exceed 11.8 million U.S. dollars. The AR+MDT technology can solve this problem ingeniously.
In this context, Xianniu's "AR remote collaboration glasses + MDT multi-expert support center" service came into being. Xianniu took the lead in introducing augmented reality technology into remote collaboration scenarios and compliance management scenarios for IT services, and built an MDT comprehensive diagnostic platform focusing on the vertical field of IT operation and maintenance. With the help of AR glasses, multi-field expert engineers can assist and guide on-site personnel to quickly lock in Failure, problem solving, improve customer demand response and problem solving efficiency.
Compared with the traditional IT service model, Xianniu's "AR remote collaboration glasses + MDT multi-expert support center" service has the following three advantages:
- Shorten fault diagnosis and resolution time and improve response efficiency
- Multi-domain MDT comprehensive IT operation and maintenance diagnosis platform to ensure delivery quality and improve customer satisfaction
- The entire IT delivery process is recorded and uploaded to the cloud in real time to meet customer compliance audit requirements
In recent years, in order to ensure the safe and compliant operation of information technology systems, enterprises have strengthened information technology risk control, and conducted comprehensive audits on information technology planning, management, construction, operation, quality, and safety. The remote assistance system based on Xianniu AR smart glasses can directly connect to the existing information system of the enterprise, record the entire process of IT operation and maintenance service delivery, and upload the process video and process management records to the cloud in real time for the enterprise to carry out risk management and Compliance audits help corporate customers strengthen safety management and improve operation and maintenance efficiency.
Integrate resources and technology - Reconstruction of the IT industry service model.
With the continuous development of the digital economy, Chinese companies have increasingly realized the role of digitalization in promoting corporate management processes and business models, and more and more companies have begun to initiate digital transformation plans. According to the "White Paper on China's Digital Economy Development", as of 2020, China's digital economy has reached 39.2 trillion yuan, accounting for 38.6% of GDP. The development of digital economy in China is achieving unprecedented speed and results.
However, it is not easy to promote the further maturity of the digital economy. Taking the digital transformation of the post-IT market as an example, many traditional IT companies are faced with:
insufficient corporate digital transformation capabilities lead to "no transfer"; high digital transformation costs and insufficient corporate funds cause "not transfer"; insufficient corporate talent reserves cause " Don't dare to transfer"; the unclear transformation strategy of enterprise decision-making level leads to "unsatisfactory transfer"; the ineffective multi-layer organizational model of the enterprise leads to "unwilling to transfer" and other problems, which lead to a deadlock in development.
In this context, Xianniu, as a digital platform for the IT aftermarket, can support large-scale enterprise data centers, smart cities, smart offices, smart manufacturing, smart retail, smart medical and other multi-scenario IT operation guarantees, and provide industry customers with high-quality, convenient, and Reliable and extremely cost-effective IT aftermarket services. At present, Xianniu has provided systems and services to more than 400 corporate customers, including leading companies in the industry such as Lenovo Group, JD Logistics, Unicom Digital Technology, and Hitachi Data.
In the future, companies will need more automated and intelligent operation and maintenance management to ensure business efficiency, flexibility, and innovation. Xianniu will open up the "people and goods yard" of omni-channel terminals, create the ultimate supply chain platform, and integrate multiple resources and technologies. Joint service providers and suppliers to actively build a new digital business ecosystem for the IT service industry.
Huawei has another heavy conference, and Hongmeng is the protagonist! These listed companies have confirmed their participation.
source
https://finance.sina.com.cn/stock/s/2021-10-21/doc-iktzqtyu2795782.shtml
October 21, 2021 22:11 Shanghai Securities News
For stocks, look at the research report of Golden Unicorn analysts , authoritative, professional, timely and comprehensive, to help you tap potential thematic opportunities!
According to Huawei's official news, Huawei's most important conference of the year, the Huawei Developer Conference 2021, will kick off at Huawei's R&D base on the 22nd!
Huawei's executive director, consumer business CEO, smart car solutions CEO Yu Chengdong and other Huawei core executives and technical experts will gather in Dongguan with global developers to share the latest developments of Hongmeng and discuss Hongmeng ecology, HMS mobile service ecology, smart cars and other businesses Future development.
During the conference, an interactive experience zone will also be opened. Ecological Partners will bring their latest products to the public. Midea Group, Monternet Technology and many other listed companies will attend the conference.
Hongmeng then zooms in.
With the theme of "the future, there are traces to follow", this developer conference lasted for three days. It focused on hot topics such as Hongmeng OS, smart home, smart office, HMS mobile services, and set up keynote speeches, technical forums, Songhu Dialogue, Big coffee breakfast, lawn music festival, offline games and other links, discuss the future of full-scenario smart experience with Huawei experts, industry experts, and global developers.
As in the past two years, the key word of this year's Huawei Developer Conference is still "Hongmeng".
On the first day of the Developer Conference, Yu Chengdong will bring a keynote speech titled "All Things, Intelligent Connections, Billion Connections". The industry expects that he will release Hongmeng OS 3.0 heavily, and will bring the latest progress data of Hongmeng upgrade and ecological construction.
At the Huawei Developer Conference 2019 held in 2019, HarmonyOS made a major debut with features such as distributed architecture and Ark compiler; during the Huawei Developer Conference 2020, HarmonyOS 2 was officially released, bringing consumers a fast connection between different terminals , Ability mutual assistance, resource sharing and other full-scene experience.
At the Huawei nova9 series conference on September 23 this year, He Gang, chief operating officer of Huawei's consumer business, revealed that Hongmeng's system upgrade volume has exceeded 120 million, and an average of more than 1 million users upgrade Hongmeng every day. In early October, it was reported that the number of Hongmeng upgraded users had exceeded 130 million.
At this year's developer conference, what amazing features will Hongmeng OS 3.0 bring? It is reported that Gong Ti, president of Huawei's Consumer Business Software Department, will give a keynote speech on "Hongmeng Leaping to Build the Cornerstone of the Internet of Everything", and the mystery of Hongmeng's new version will be unveiled at that time.
In addition, on the second day of the conference, Huawei will hold a number of Hongmeng-themed forums and developer activities, and will release an upgraded version of the whole house smart strategy and sports health strategy empowered by Hongmeng 3.0.
"Huawei Partner Series" listed companies will be unveiled in a concentrated manner.
According to news from the industry chain, the number of vendors currently connected to the Hongmeng ecosystem has exceeded 3,000, and the number of developers has reached one million. How is Hongmeng's ecological construction progress? The industry chain is based on Hongmeng, what products have you created to make your life smarter? During the conference, Huawei specially set up an interactive experience area, and Hongmeng Ecological Partners will bring the latest products to the show.
Midea and Allwinner Technology will share themes at the Harmony OS Connec Intelligent Hardware Development Forum. Among them, Midea will share "The Minimalist Connection Practice of Harmony OS Connec's New Interactive Experience", and Allwinner Technology will share OpenHarmony multi-chip adaptability. Interpretation of distribution framework and development practice.
Midea Group is an in-depth participant of Hongmeng Ecology. According to the information disclosed by Midea on the investor interactive platform, as of June 2021, the number of Midea home appliances equipped with Huawei's Hongmeng system has reached 102. On October 14, Midea Group officially released Midea IoT operating system 1.0. This is a full-scenario smart home operating system independently developed by Midea based on OpenHarmony (Hongmeng Open Source). It has the characteristics of cross-platform, distributed and openness. A mobile phone equipped with the Hongmeng system can connect to Midea's home appliances in as fast as 3 seconds.
During the conference, the Open Atom Open Source Foundation will hold the "Co-build OpenHarmony" theory. Representatives of listed companies such as Midea Group, Joyoung, Chinasoft International, Topway Information, Runhe Software, iSoftStone, Allwinner Technology, Goodix Technology, Joinlink Technology, Neusoft Group and other listed companies will all speak at the forum.
ChinaSoft International & IDC released a research report: Digital transformation challenges and breakthroughs in a multi-cloud environment.
source
http://www.chinasofti.com/news/2298.htm
2021-10-20
Recently, at the first Chinasoft International Cloud Service Conference, ChinaSoft International and IDC jointly released the "Digital Transformation Breakthrough - Future-oriented Multi-cloud Operation Service Provider" white paper, which comprehensively explained the digital challenges faced by enterprises in the digital age and multi-cloud operation service providers The role positioning and value of the multi-cloud operation service provider defines the capability standards of multi-cloud operation service providers and provides enterprises with reference for selection, so that multi-cloud operators and enterprises can work together to win in the future.
Cloud computing in China has passed the stage of exploration and practice, and ushered in a stage of deepening application of comprehensiveness, diversification, and complexity. The deep application of cloud provides opportunities for the development of enterprises, and at the same time makes enterprises face great challenges in multi-cloud management, development models, data governance, and automated operation and maintenance. While ensuring the flexibility and safety of infrastructure, how to facilitate the agile and innovative development of business, continuously enhance and improve the efficiency of enterprise production and operation, optimize products and services, and enhance customer experience has become the key to a company's core competitiveness.
In the face of challenges, multi-cloud operation service providers should respond from time to time. With its more neutral industry position, multi-cloud operation service providers can provide enterprises with products and services that are more suitable for their own digital transformation and development needs to ensure safe and compliant projects, rapid and orderly progress, and help enterprises successfully go to the cloud and efficiently use Cloud, finally achieve the goal of digital transformation.
Unlike previous technology service providers or solution service providers, multi-cloud operation service providers focus on providing customers with sustainable value. By building two sets of value delivery systems, end-to-end and platform integration, multi-cloud operation service providers can continue to output their three key values ??of
- convergence,
- unified experience, and
- intelligent optimization to customers, helping companies build sustainable competitiveness. The era keeps up with the trend and continues to lead.
As a leading cloud service provider, Chinasoft International has been deeply involved in the field of multi-cloud operation services for a long time, and has accumulated rich industry cases and experience. In the white paper, ChinaSoft International shared three scenario cases of business integration operation, data operation and cloud resource operation, respectively showing how to help customers build a closed loop of business continuous development, a closed loop of data value on the cloud, and a closed loop of cloud life cycle.
The release of the research report provides a basis and guidance for companies to choose multi-cloud service providers, which will effectively help companies reduce operational difficulties, accelerate the digitalization process, and promote industrial innovation.
Chinasoft International Chen Yuhong: Take advantage of the auspicious clouds to climb the digital peak.
source
http://www.chinasofti.com/news/2297.htm
2021-10-20
On October 15th, the first ChinaSoft International Cloud Service Conference kicked off. ChinaSoft International held its first industry-level technology event in more than 20 years since its establishment. Authoritative experts, innovative elites and industry colleagues gathered in the cloud, under the theme of "Symbiosis on the Cloud, Intelligently Leading the Future", In-depth discussion on how to use the power on the cloud to inject new momentum into the development of the digital economy and create a new digital future together. Chen Yuhong, Chairman and CEO of Chinasoft International, delivered a keynote speech on "Climbing the Cloud and Climbing the Peak" at the meeting.
ChinaSoft International's next ten years - The global IT service market is "extremely one in the world".
Established in 2000, ChinaSoft International takes advantage of the great development of China's informatization and continues to build its own high-quality software service capabilities, deepening the four major fields of banking, telecommunications, government and manufacturing. In the first ten years of development, ChinaSoft International participated in the six major national key projects-the "Twelve Gold" projects, and ranked among the IAOP top 100 global outsourcing companies; in the second ten years of development, it was established in 2012 with Huawei As a turning point, the joint venture ushered in the rapid development of the company. In 2017, we became the first partner of Huawei Cloud to help each other in the same boat and won the first comprehensive performance of Huawei Cloud Ecosystem in the country, achieving explosive growth of 20 times in four years.
In 2021, we will actively participate in Huawei’s long march of technological innovation of “pierce the sky and take root down”, firmly work with Huawei to build the Hongmeng ecology, and strive to become the main force of the open source Hongmeng, and then achieve the goal of becoming a service company. The transformation of an innovative company based on “root technology”; it is under the correct strategic guidance that ChinaSoft International has exceeded 10 billion in revenue for four consecutive years, and has been ranked among the TOP100 in Gartner's "IT Service Market Share Ranking" published by Gartner for three consecutive years, and achieved a ranking promotion.
With the advent of the global digital transformation wave, the IT service market is booming. ChinaSoft International insists on serving government and corporate customers, helping China's digital transformation, and helping China's digital society and digital economy to lead the world. We look forward to becoming one of the most valuable brands in the territory of the great motherland. We not only need to consolidate our basic business and build the first brand in China’s software outsourcing industry; we must also become the digital transformation of the government and enterprise industries in the wave of digitization. The preferred solution provider and the preferred consultant for digital transformation. We strive to become a TOP10 player in the IT service market in the next 10 years, and achieve "one of the best in the world".
Seize the opportunity of cloud and smart transformation - Become a leader in global cloud services.
In the wave of digital transformation, ChinaSoft International actively promotes strategic transformation and builds a quality, valuable and meaningful development matrix:
- Consolidate the cornerstone business as the number one growth curve, and ensure that the company is absolutely leading in the industrial ecology, becoming quality and cost The best service provider;
- determine the cloud smart business as the second growth curve to ensure 100% business growth every year;
- develop Jiefang, Hongmeng and smart cars as the third growth curve, explore opportunities for long-term growth in the future, and finally Successfully transformed into a cloud intelligent service company.
In addition, ChinaSoft International’s business curve construction is inseparable from Huawei’s strategic follow-up.
- The Kunpeng Lingyun project,
- openGauss open source project,
- HarmonyOS ecological project.
All basic technology-oriented fields will be an important direction for ChinaSoft International and Huawei to jointly build. ChinaSoft International is firm, resolute, and persistent to come together with Huawei and become an outstanding member of Huawei's "New Long March for Innovation and Technology" team.
ChinaSoft International has seized the opportunity of cloud and intelligent transformation, and has achieved a leading position in the field of cloud management services and professional services. According to the data released by IDC "China's Third-Party Cloud Management Service Market Share Report, 2020", Chinasoft International ranked second with a market share of 6.8%, and its market size increased by 40.1% year-on-year, ranking first among all vendors in terms of growth rate. Strong service capabilities and growth vitality have been recognized by the market;
in IDC "China Cloud Professional Service Market Tracking (2020H2)", the report shows that the market share of Chinasoft International's cloud service business in the second half of 2020 increased by 60.6% year-on-year, of which Chinasoft International Cloud Migration Service Both business and cloud development service business ranked TOP 1 in market share.
The company continues to strengthen its own innovation capabilities and leads the development of the third-generation software platform, namely Smart Solution as a Service, focusing on providing customers with multi-cloud, hybrid, edge and other cross-cloud and cloud-side products and services. Through industrial Internet platform + cloud professional services to do a good job in industrial interconnection, through enterprise cloud software + enterprise application service EAS to build an innovative ecosystem and a series of combinations such as using experience as a service, so that excellence can be copied, and learning from Huawei's excellent experience to develop its own business , I hope that in the near future, ChinaSoft International will become one of the global cloud service leaders.
Co-build digital "new infrastructure" - Empowering the development of the digital economy.
On the road to becoming an excellent global service provider, ChinaSoft International has established two connections in the cloud business chain:
- One is the connection between cloud vendors. ChinaSoft International builds a bridge between cloud vendors and customers to achieve technology Connection with business.
- The second is the connection with customers. ChinaSoft International builds a bridge between requirements and solutions to realize the connection between scenarios and ecology. At present, the digital transformation of government and enterprise customers has entered the deep water zone. It needs to cover the entire life cycle from planning to operation, and be able to understand the customer’s main business (such as research and development, production, sales), support business (commercial law, procurement, quality operation), Enabling business (process IT) and other end-to-end needs, how to deal with these complex needs? Chen Yuhong emphasized: It is inseparable from the support of ecological partners.
- Taking connection as the core,
- platform service as the core,
- and operation as the core are important topics of the new digital infrastructure and the foothold of this cloud service conference. As an intermediate connection, ChinaSoft International fully understands customer scenarios and needs, integrates the capabilities of ecological partners, and jointly provides customers with complete solutions. Chinasoft International provides a self-developed service platform to support the implementation of two connections, covering the entire life cycle of cloud procurement, combined delivery, cloud management, and continuous operation. At the same time, based on its self-developed service platform, ChinaSoft International gathers ecological partners to jointly serve government and corporate customers. Currently, ChinaSoft International has more than 3.000 ecological partners, and it is expected to exceed 10.000 next year.
With the proposal of the new infrastructure strategy, our country has entered a new stage of development, and the new digital infrastructure will become an important weapon for our cooperation and competition facing the world. At present, ChinaSoft International has reached cooperation with cloud vendors such as Huawei Cloud, Tianyi Cloud, Mobile Cloud, Tencent Cloud, Volcano Engine, etc.; it has teamed up with partners such as Kingdee, UFIDA, and Anheng to provide customers with overall solutions for digital transformation and jointly innovate with customers.
In the third decade in the future, ChinaSoft International will follow the development context of digital governance, digital industrialization, industrial digitization to data value, and join hands with customers and partners to empower new infrastructure and become a new force in the development of the "four modernizations" of the digital economy. Empowering the development of the digital economy. ChinaSoft International looks forward to being an ecological partner serving China's cloud to the world, and becoming a very valuable brand in the territory of the great motherland, riding on the momentum of the cloud, and reaching new heights!
Li Daokui, Tsinghua University: The rise of the fourth industry, digitalization has become a major strategic opportunity for Chinese companies.
source
http://www.chinasofti.com/news/2294.htm
2021-10-15
The wave of digitalization is surging. Facing the century-old changes in the technology industry system in the world, seizing the new track of the digital economy and embracing the "new blue ocean" of the digital economy are important strategic choices for the transformation of modern enterprises. In this year's National Fourteenth Five-Year Plan, it is pointed out that it is necessary to comply with the new requirements of the digital age and accelerate the reform and innovation of the macroeconomic governance system.
At the ChinaSoft International Cloud Service Conference held on October 15th, Li Daokui, Dean of the Institute of Chinese Economic Thought and Practice of Tsinghua University, gave a keynote speech on "Digital Economy:
- Major Strategic Opportunities for Chinese Enterprises in the New Era", which deeply explained the current macro.
- The three major changes in the environmental and economic situation and
- the three major strategic development opportunities brought to Chinese companies.
Li Daokui advises entrepreneurs to pay attention to the three major trends in the macro environment:
The first major trend is the long-term deep game of Sino-US relations. As two world powers, China and the United States will continue to cooperate in certain areas, but competition in economic and technological fields will continue to intensify. Behind the Sino-US game is the competition of national industrial competitiveness, which will have a direct impact on the development of enterprises. In the future, the state will support enterprises in exploring technological innovation in high-tech industries and promote independent and controllable upgrades.
The second major trend is the influence of the concept of governance. The development concept proposed by the country or some policies issued by the country will directly affect the strategic decision-making of enterprises. At present, the ruling philosophy of the country is to serve the people, not forget the original intention, and follow the path of common prosperity and development. Enterprises must also pay attention to order in their development, and their decision-making must focus on the development of the enterprise under the ruling concept of the party and the government.
The third major trend is the rise of the fourth industry. The fourth industry is separated from the tertiary industry and is an industry that solves people's needs for information, including information processing and the promotion of intelligence, that is, the information service industry, that is, the digital economy. Li Daokui believes that China's economic upgrading in the future must be closely integrated with the global economy and exert efforts in the fourth industry. Chinese enterprises should seize the huge opportunities brought by the rise of the fourth industry.
How to respond to the changes in the three macro trends, Li Daokui suggests that Chinese companies pay attention to three major strategic opportunities in the new era:
First of all, focus on the vertical segmentation field and be the "vanguard" mastering key core technologies. Because of environmental impacts such as the Sino-US game, in high-precision special fields, or key parts and other fine fields, domestic substitution has become an inevitable way for China's industrial chain to be independent and controllable. Companies that can proactively conquer core technologies can definitely make a difference in the Chinese market.
Second, seize the opportunity of digital transformation to inject "new momentum" into traditional industries. At present, the fourth industry has penetrated into all aspects of human activities, whether it is eating, online shopping, or traveling, the development of enterprises needs to follow the development of the digital society and carry out industrial upgrades. This upgrade requires a series of professional companies that provide information services. China's scientific and technological forces represented by Chinasoft International will surely achieve long-term development.
Finally, platform companies that provide digital infrastructure will emerge. The rise of the fourth industry will have a large number of new infrastructure needs, such as focusing on cloud services, data management and other needs. In this process, a group of information infrastructure builders and service platforms will emerge, which is a huge development opportunity for many companies.
The game of Sino-US relations, how to deal with the challenges of the post-epidemic era, and the advent of the digital economy will all urge new opportunities, new forms, and new models for the development of the production industry. Seizing the challenges and opportunities brought by the digital economy will bring new opportunities for enterprises. Li Daokui suggested that the development of enterprises should have a sense of change, rationally analyze environmental changes, and seize the opportunities brought by environmental trends. They will surely take the lead in the era of digital economy.
ChinaSoft International Cloud Service Conference Huawei Zhang Pingan's theme sharing: Deepen the digitalization and work together to help the future.
source
http://www.chinasofti.com/news/2293.htm
2021-10-16
On October 15, at the first ChinaSoft International Cloud Service Conference, Huawei Senior Vice President, Huawei Cloud CEO, and President of Consumer Cloud Services Zhang Ping An shared the theme of "Practice Digitalization and Work Together for the Future".
Zhang Pingan stated that ChinaSoft International, as the first partner of Huawei Cloud to help each other in the same boat, continue to adhere to the strategic synergy with Huawei Cloud. Since 2017, ChinaSoft International and Huawei Cloud have been in the same boat for 4 years. With firm strategic investment, ChinaSoft International has introduced Huawei Cloud into the customer’s digital transformation process through a deep understanding of customers. Customers create a lot of value. With continuous investment and market layout, ChinaSoft International’s cloud business has also exploded with HUAWEI CLOUD. Its performance has increased by 20 times in four years. It has always been in the forefront of sales in the HUAWEI public cloud market, contributing importantly to the development of HUAWEI CLOUD. strength.
Looking forward to the next decade, digitalization will be the biggest opportunity. Digital leaders in industries such as finance, telecommunications, Internet, and media have deeply adopted digital technologies such as cloud, AI, and 5G in the fields of R&D, production, sales, and services. At the same time, energy, transportation, mining, agriculture and other industries have also begun to actively embrace the digital economy, starting a journey of innovation in the industry, and deeper digitalization has become an inevitable choice for the leap-forward development of leading companies.
Facing the smart world of the future, Zhang Ping’an pointed out:
“The key to successful digitalization is to use cloud-native thinking to practice cloud native. In the future, all devices, terminals, and sensors will be networked and digital. All future infrastructure and applications , Will be cloud-based. We must actively embrace artificial intelligence and let data play an important role in business decision-making. Simply put, it is all digital, all cloud, AI-driven, and everything is a service."
The digital economy is showing strong development resilience. How to deepen digitalization and internalize opportunities into development momentum. Zhang Ping An pointed out that Huawei Cloud will continue to work with Chinasoft International and other partners to deepen digitalization and achieve the grand goal of "everything is served".
First, infrastructure as a service makes business globally accessible. Based on HUAWEI CLOUD’s global layout of data centers and acceleration networks, it provides customers with a global network with an isometric experience, allowing customers to quickly reach their business globally.
Second, technology as a service makes innovation at your fingertips. In 2021, Huawei’s R&D investment in various fields has exceeded 100 billion yuan. How to make Huawei’s R&D investment available to more companies? How to enable companies to reduce R&D costs without having to reinvent wheels? The best way is to use these technologies. Transform into various cloud services of HUAWEI CLOUD.
Finally, experience and service allow excellence to be replicated. At the Huawei Connect conference in 2021, Huawei released Huawei Cloud’s Kaitian aPaas, hoping to deposit the successful experience and best practices of digital transformation in various industries into digital assets on Huawei Cloud and turn them into API services that can be called. Let developers in the industry do not have to repeatedly build wheels from 0 to 1, and put more energy on business value creation. Currently, Huawei Cloud Kaitian aPaas provides scene-based and innovative Kits for nine major industries, with more than 20,000 API capabilities.
Zhang Pingan stated that it is the goal of Huawei Cloud to deepen digitization and realize "everything is a service". Huawei Cloud will continue to work with experienced partners in Chinasoft International and other industries to accelerate the digitalization of China's industry and accelerate the process of "everything is a service". , And work together to help the future.
Jeffrey Postal's financial support - comes as no surprise to me.
I quote myself from Post# 78040
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=161737865
My vision:
Through his Postal Capital Funding, LLC, he will continue to fund CAPC's growth if necessary.
Jeffrey Postal - Director
Dr. Postal has served as a director of the Company since January of 2004. Dr. Postal presently is a businessman and entrepreneur in the Miami, Florida region. Dr. Postal owns, founded or funded numerous successful businesses over the last few years, including but not limited to: Sportacular Art, a company that was licensed by the NFL National Football League, BLB Major League Baseball and NHL National Hockey League to design and manufacture sports memorabilia for retail distribution in the U.S; Co-Owner of Natures Sleep, LLC, a major distributor of Visco Memory Foam mattresses, both nationally and internationally; Dr. Postal is a Partner in Social Extract, LLC, a Social Media company offering consulting services to many major companies in the U.S.; Dr. Postal is the principal investor of Postal Capital Funding, LLC, a fund whose mission is to find undervalued/under capitalized companies and extend funding to them in exchange for equity and/or capital consideration; Dr. Postal is the founder of Datastream Card Services, a company that provides innovative billing solutions to companies conducting business on the internet.
Jeffrey Postal has best connections with Postal Capital Funding, LLC, Datastream Card Services and Social Extract, LLC,.
My vision:
Through his Postal Capital Funding, LLC, he will continue to fund CAPC's growth if necessary.
Using its knowledge of Datastream Card Services, CAPC will offer innovative billing solutions.
Using his knowledge of Social Extract, LLC, CAPC will successfully distribute the social media campaign in the US and worldwide
Details of STOCK OWNERSHIP
STOCK OWNERSHIP AFTER CONVERSION OF ALL OPTIONS & WARRANTS PLUS THOSE EXERCISEABLE WITHIN THE NEXT 60 DAYS as of May 30, 2021
% OF STOCK OWNERSHIP AFTER CONVERSION OF ALL OPTIONS & WARRANTS PLUS THOSE EXERCISEABLE WITHIN THE NEXT 60 DAYS as of May 30, 2021
source
https://sec.report/Document/0001575705-21-000341/
as of May 30, 2021
Stewart Wallach - Chairman of the Board & Chief Executive Officer
Stock ownership after conversion of all options & warrants 9.831.745 shares = 19.8 %
- He has extensive experience in executive management of companies.
- He has experience in growing operations and merger and acquisition transactions.
- He has extensive experience in arranging the design, development and production of products in foreign nations for shipment and sale in the U.S. and conducting business abroad.
- His experience provides insight for the implementation of effective operational, financial and strategic leadership of the Company.
James Gerry McClinton - Chief Financial Officer and Director
Stock ownership after conversion of all options & warrants 33.664 shares = 0.1 %
- He has a degree in accounting.
- He has prior practical experience in corporate accounting.
- He has executive operational experience, including acting as a chief financial officer.
- His invaluable experience in finance and accounting provides insight for the implementation of effective operational, financial and strategic leadership of the Company.
Jeffrey Postal - Director
Stock ownership after conversion of all options & warrants 9.334.120 shares = 18.8 %
- He has extensive experience in investing in companies.
- He has extensive experience in management and business,
- He has experience growing a company and mergers and acquisitions.
Jeffrey Guzy - Independent Director
Stock ownership after conversion of all options & warrants 452.800 shares = 1.0 %
- Through his MBA in Strategic Planning & Management and his knowledge of U.S. capital markets, Mr. Guzy provides invaluable guidance and perspective to the Board.
- He serves and has served as an officer and director of public companies and worked for large corporations in business development. He brings this experience to the Board.
Larry Sloven - President & Managing Director
Stock ownership after conversion of all options & warrants 52.800 shares = 0.1 %
- He has extensive experience in conducting business in foreign nations and international business, especially China and Southeast Asia, and he brings this valuable experience to the Board.
Aimee C. Brown - Director of Administration
Stock ownership after conversion of all options & warrants 70.000 shares = 0.1 %
All officers & Directors as a group
Stock ownership after conversion of all options & warrants 19.775.129 shares = 39.9 %
Total shares after conversion of all options & warrants 49.563.031 shares.
All officers & Directors as a group own after conversion of all options & warrants 19.775.129 shares = 39.9 %
and not 50 %
Your quote
That’s what happens when directors own half the shares.
EXHIBIT 10.1 - PURCHASE ORDER FUNDING AGREEMENT - Capstone Industries, Inc.
source
https://sec.report/Document/0001575705-21-000716/ex10_1.htm
October 18, 2021
This Purchase Order Funding Agreement, dated and effective as of October 18, 2021, between Capstone Industries, Inc., a Florida corporation, (“Borrower”), with an office located at, 431 Fairway Drive, STE 200, Deerfield Beach, Florida 33441, USA, and Group Nexus LLC. (Stewart Wallach), Jeffrey Postal and Everett Fleisig, all-natural persons (individually, a “Lender” and collectively, the “Lenders”). Borrower and Lenders may also be referred to individually as a “party” and collectively as the “parties.”
Recitals
- A: Lenders have agreed to jointly make a loan to Borrower on the terms and conditions set forth in this Agreement evidencing and securing the loan of money as described herein (the “loan”).
- B: Borrower’s financial condition has deteriorated due to the COVID-19 pandemic. Borrower’s public auditor has issued a going concern warning in the public auditor report. Borrower is also transitioning to a new primary product line, which new product line is not yet a revenue generating product.
- C: Borrower will need purchase order financing to procure components overseas and finished goods to provide inventory in the United States to support the Borrowers new Smart Mirror product line that will be sold on the Borrowers new online retail platform and other online platforms such as Amazon Marketplace.
- D: Each of the Lenders have loaned money to the Borrower in the past. Lenders are willing to provide purchase order financing to the Borrower on the commercially reasonable and favorable terms and conditions in this Agreement.
In consideration of the mutual covenants and agreements below and other good consideration, the sufficiency of which is hereby acknowledged, the parties covenant and agree as follows:
Section 1.
(a) Loan. Subject to the terms and conditions of this Agreement, and commencing on the effective date, and ending on the expiration date of this Agreement (“Expiration Date” - as defined in Section 2), Lenders agree to jointly loan to Borrower a maximum aggregate principal amount of up to One Million and Twenty Thousand Dollars and No Cents ($1,020,000) or Three Hundred and Forty Thousand Dollars ($340,000) individually (Base Amount), in cash as requested by Borrower to support Purchase Order funding needs from time to time and to do so in advances of cash as requested in writing by Borrower (“Draw Request”). Each Draw Request may be in an amount specified by the Borrower in Draw Request but with a minimum total request of $90,000 or $30,000 individually. A Draw Request may not request a loan amount that would cause the total aggregate unpaid principal amount to exceed One Million and Twenty Thousand Dollars and No Cents ($1,020,000). A disbursement of money by Lenders in response to a Draw Request by Borrower is referred to as an “Advance.” Each Advance will be requested to fund Purchase Orders which will also be identified on the related Promissory Note.
(b) Payment. Borrower may borrow and reborrow under this Agreement up to One Million and Twenty Thousand Dollars and No Cents ($1,020,000) or Three Hundred and Forty Thousand Dollars ($340,000) individually and prepay wholly or partially the unpaid principal amount of any Advance at any time and do without pre-pay penalty or charge. The unpaid principal amount of an advance and all accrued “Interest” (as defined below) thereon loaned and outstanding under this Agreement by Lenders to Borrower shall be paid in full by Borrower to Lenders, and is due and payable in full, in a single lump sum balloon payment on the Maturity Date. Borrower may also unilaterally extend the Maturity Date for ninety (90) consecutive calendar days upon a written notice delivered to the Lenders on or prior to the Maturity Date. Deposit of Advances and Borrower payments on Advances and other sums owed hereunder will be paid in accordance with Section (c). Any partial or full payment of an Advance will include the unpaid principal, interest accrued thereon, and owed to Lenders under the Advance.
(c) Mandatory Loan Repayments. If at any time the aggregate principal amount of the outstanding Advances shall exceed the Borrowing Base, the Borrower, immediately upon written or oral notice from Lender, shall pay to Lender an amount equal to the difference between the outstanding aggregate principal balance of the Advances and the Borrowing Base. On the Maturity Date, or Extended Maturity Date of an Advance, as case may be, the Borrower shall pay to Lender in full the aggregate unpaid Advance amount then outstanding and all accrued unpaid interest related to that Advance thereon, together with all other applicable fees, costs and charges, if any, not yet paid.
(d) Interest. Interest shall accrue on the unpaid balance of each Advance at a simple annual interest rate of FIVE PERCENT (5%) (“Interest”) based on a 365-day year. Accrued and unpaid Interest on Advances will be due and payable in full on Maturity Date or Extended Maturity Date.
(e) Accounts. (i) Principal amount loaned under each Advance will be loaned directly to Borrower by check or checks, or alternatively and as elected by Lenders, deposited in the Borrower bank account identified in Exhibit One hereto (“Borrower Account”) by wire transfer or ACH/electronic payment transfer or check deposit. All loan payments under this Agreement will be made only in name of Borrower and only to the Borrower or Borrower Account. The Lenders have determined that each Lender will contribute equally for the funding of each Advance request hereunder. Lenders will fund each Advance that complies with this Agreement and will do so within three (3) business days after receipt of the request from Borrower for an Advance.
For payments of Advances due under this Agreement, Borrower will repay each Advance as follows:
(i) Borrower will repay an Advance by dividing the total amount owed equally between the three Lenders’ bank accounts identified in Exhibit One hereto (“Lenders Accounts”)
(ii) Lenders each agree that Borrower is entitled to repay any Advance by dividing the repayment equally in three ways between the Lenders Accounts in the absence of timely delivered instruction to the contrary by the Lenders and the Borrower will have no liability to the Lenders, jointly or severally, for any claim or dispute between the Lenders on division of any payment of an Advance or other sum owed hereunder.
(iii) Promissory Note. Borrower will execute and deliver to each Lender, as required by an Advance, a completed and signed promissory note or promissory note (in the form set forth in Exhibit Two hereto) (“Note”). Each Note will evidence the principal amount and interest rate accruing thereon for each Advance and reference Purchase Order numbers. Borrower will deliver the completed and signed Note or Notes within three (3) business days after receipt of the amount loaned under the Advance in good funds on deposit in the Borrower Account or to Borrower. With payment in full of the Advanced amount and all accrued deliver that Note or Notes to the Borrower within ten (10) days after the Pay Off.
(iv) Corporate Resolution. Borrower has provided or will provide Lenders with a certified copy of resolutions properly adopted by Borrower’s Board of Directors, certified by Borrower’s corporate secretary and approving this Agreement. Under the resolutions, Borrower’s Board of Directors have authorized one or more designated officers to execute this Agreement and the Notes and to consummate the borrowings and other transactions as contemplated under this Agreement, and to consent to the remedies following any default by Borrower as provided in this Agreement. These resolutions are attached hereto as Attachment One.
Section 2. TERM.
This Agreement shall be effective as of 12:01 p.m., local Miami, Florida time, on the Effective Date, and shall continue in full force for eighteen (18) months. The Start Date of the Promissory Note will be on the date of the initial funding Advance, the Maturity Date would be no later than six (6) months after receipt of the Purchased Order Advance and if extended the Extended Maturity Date would be ninety (90) days later. The borrower “Term” and “Term of this Agreement” means the duration of this Agreement. This Agreement shall not terminate until the obligation of the Borrower to pay the unpaid principal and Interest accrued thereon in accordance with the terms and conditions of this Agreement. The obligation of the Lenders to receive and make Advances under this Agreement shall end on advancement of the Base amount. The obligation of the Borrower to repay all principal and Interest accrued thereon and any other sums owed hereunder to Lenders will survive until and for as long as any principal, Interest accrued thereon, and other sums owed hereunder remains unpaid.
Section 3. ADVANCE AUTHORITY.
The following person or persons are authorized to request Advances and authorize payments under this Agreement until Lenders receive from Borrower, at Lenders’ address shown in Notices section below, written notice of revocation of such authority: James McClinton, Chief Financial Officer, Capstone Industries, Inc.
Section 4. SECURED LOAN.
The loan of money under this Agreement will be secured against the inventory held in warehouses located in the United States until the loan and accumulated interest has been paid off in full.
Section 5. REPRESENTATIONS AND WARRANTIES.
Borrower represents and warrants to each of the Lenders, as of the Start Date, as of the date of each Advance and at all times any unpaid principal amount and accrued interest thereto exists (“Indebtedness”):
(a) Binding Effect. This Agreement, all Notes and all Related Documents are binding upon the Borrower as well as upon its successors, representatives and assigns, and are legally enforceable in accordance with their respective terms.
(b) Commercial Purposes. Borrower intends to use the loan proceeds solely for business or commercially related purposes for Borrower to procure overseas components or finished goods to be located in domestic warehouses.
(c) Governing Law. This Agreement will be governed by the laws of the State of Florida without regard to its conflicts of law provisions. This Agreement has been accepted and signed by Lenders in the State of Florida. Any dispute, claim or controversy arising out of or relating to this Agreement, or the breach or validity hereof, shall be adjudicated only by a court of competent jurisdiction in the State of Florida, and thus the parties consent to the exclusive jurisdiction and venue in U.S. District Court for Southern District of Florida, or, if jurisdictional requirements dictate, in a court of competent jurisdiction in Broward County, Florida and the parties waive all defenses for lack of personal jurisdiction and forum non conveniens.
(d) Entire Agreement. This Agreement embodies the entire agreement between Borrower and Lenders with respect to the loans of money hereunder, and there are no oral or parol agreements existing between Lenders and Borrower with respect to the loans of money which are not expressly set forth in this Agreement or any Advances or Notes.
(e) The parties are independent contractors and are not (and shall not be deemed to be) partners, joint venturers, agents, or representatives of each other. Each party is exclusively responsible for their conduct of its own business and is not authorized to bind the other party in any matter whatsoever.
BORROWER ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS LOAN AGREEMENT AND BORROWER AGREES TO ITS TERMS.
IN WITNESS WHEREOF, the parties have signed this Agreement on the Start Date.
BORROWER:
CAPSTONE COMPANIES, INC., a Florida corporation
By: _________________________________________________
Name: _____________________________________________
Title: ______________________________________________
LENDERS:
Signature: ____________________________________________
Group Nexus LLC. (Stewart Wallach)
Signature: ____________________________________________
Jeffrey Postal
Signature: ____________________________________________
Everett Fleisig
Exhibit One Accounts
Group Nexus LLC (Stewart Wallach)
Bank Name:
Bank Address:
Bank Telephone:
Account Holder:
Account Holder Address:
Account Holder Telephone No.:
Account Number:
ABA Routing Number:
SWIFT No.:
Jeffrey Postal
Bank Name:
Bank Address:
Bank Telephone:
Account Holder:
Account Holder Address:
Account Holder Telephone No.:
Account Number:
ABA Routing Number:
SWIFT No.:
Everett Fleisig
Bank Name:
Bank Address:
Bank Telephone:
Account Holder:
Account Holder Address:
Account Holder Telephone No.:
Account Number:
ABA Routing Number:
SWIFT No
Borrower Account
Bank Name:
Bank Address:
Bank Telephone:
Account Holder:
Account Holder Address:
Account Holder Telephone No.:
Account Number:
ABA Routing Number:
SWIFT No.:
Exhibit Two Form of Promissory Note
ADAVANCE LOAN PAYMENT PROMISSORY NOTE
$_______________________________ Date: __________________, 2021____
Deerfield Beach, Florida
1. PROMISE TO PAY. For value received, Capstone Industries, Inc., a Florida corporation (the “Company”), promises to pay to ________________________________________, or his assigns (the “Holder”), at such place as the Holder may from time to time in writing designate to the Company, the principal sum of $____________, together with all accrued but unpaid interest thereon as set forth below.
2. PAYMENT TERMS; MATURITY. Interest on the unpaid principal balance of this Note (“principal”) will accrue at the rate of FIVE PERCENT (5%) simple interest per annum (“Interest”). Accrual of interest will commence on, will continue until all money owed under this Note are fully paid, and will be payable in a single installment at maturity date as set forth below. The interest rate will be computed on the basis of the actual number of days elapsed in a 365-day year. The entire unpaid principal, together with all accrued but unpaid Interest, will be due and payable in cash on and in a single lump sum payment on approximately six months (180 days the “Maturity Date”)) from the receipt of the funding Advance date. The Company may unilaterally extend the Maturity Date for ninety (90) calendar days after Maturity Date by giving written notice to the Holder on or prior to the Maturity Date (“Extension”). All payments of Interest and principal will be made in lawful money of the United States of America, without any deduction by way of set-off, counterclaim, or otherwise. All payments will be applied first to accrued Interest and thereafter to principal. All payments will be made to the Holder at his address, which has been separately provided to the Company.
3. SECURED OBLIGATION. This Note represents a secured obligation of the Company against the inventory of the Company.
4. PREPAYMENT. (a) OPTIONAL PREPAYMENT. This Note may be prepaid by the Company in whole or in part at any time without penalty or premium, at the option of the Holder. At the time of prepayment, the Company will pay all accrued but unpaid Interest on the portion of the principal balance prepaid.
5. COLLECTION FEES. If the principal and Interest on this Note is not paid when due, whether or not collection is initiated by any judicial proceeding, or this Note is placed in the hands of an attorney for collection, the Company must pay, in addition to all other amounts owing hereunder, all court costs and reasonable attorney’s fees incurred by the Holder in connection therewith.
6. EVENTS OF DEFAULT. Each of the following shall constitute a breach of this Note, or an “Event of Default”. The unpaid principal and Interest accrued thereon as well as all other sums owed by Company to Holder hereunder shall become immediately due and payable in full by Company to Holder if any of the Events of Default occur and, if there is an express cure period, not timely cured or remedied to satisfaction of Holder.
Events of Default are:
(i) Payment Default. Company fails to make any payment when due under this Note, subject to Extension.
(ii) Default in Favor of Third Parties. Company defaults under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect the Company’s ability to repay the loans or perform its obligations under this Note or any of the Related Documents.
(iii) False Statements. Any warranty, representation or statement made or furnished to Holder by Company or on Company’s behalf under this Note or the Related Documents in connection with the obtaining of the loan of money evidenced by the Note or misleading in any material respect, either now or at the time made or furnished or becomes false or misleading at any time thereafter.
(iv) Insolvency. The dissolution or termination of Company’s existence as a going business, the insolvency of Company, the appointment of a receiver for any part of Company’s property, any assignment for the benefit of creditors, any type of creditor workout, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against Company.
(v) Adverse Change. A material adverse change occurs in Company’s financial condition, or Holder believes the prospect of payment or performance of this Note is substantially impaired.
(a) Right to Cure. If any default, other than a default on payment of principal and Interest due and payable under this Note, is curable and if Company has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured if Company after Holder sends written notice to Company demanding cure of such default: (i) cure the default within fifteen (15) days; or (ii) if the cure requires more than fifteen (15) days, immediately initiate steps which Holder deems in Holder’s sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.
7. AMENDMENTS AND WAIVERS. Any term of this Note may be amended, terminated or waived only with the signed written consent of the Company and the Lender.
8. GOVERNING LAW. This Note and any controversy arising out of or relating to this Note shall be governed by and construed in accordance with the internal laws of State of Florida, without regard to conflict of law principles that would result in the application of any law other than the law of the State of Florida.
9. DISPUTE RESOLUTION. The parties (a) hereby irrevocably and unconditionally submit to the jurisdiction of the federal and state courts located within the geographic boundaries of the United States District Court for the Southern District of Florida for the purpose of any suit, action or other proceeding arising out of or based upon this Note, (b) agree not to commence any suit, action or other proceeding arising out of or based upon this Note except in the federal and state courts located within the geographic boundaries of the United States District Court for the Southern District of Florida, and (c) hereby waive, and agree not to assert, by way of motion, as a defense, or otherwise, in any such suit, action or proceeding, any claim that it is not subject personally to the jurisdiction of the above-named courts, that its property is exempt or immune from attachment or execution, that the suit, action or proceeding is brought in an inconvenient forum, that the venue of the suit, action or proceeding is improper or that this Note or the subject matter hereof may not be enforced in or by such court.
10. RESTRICTION ON TRANSFER OF THE NOTE. This Note may not be assigned by the Company without the prior written consent of the Holder.
11. COUNTERPARTS. This Note may be signed in multiple counterparts, each one being the same agreement and instrument.
12. NATURE OF DEBT. The debt evidenced by this Note is a business debt and not a consumer or personal debt.
IN WITNESS WHEREOF, the Company has caused this Note to be signed by its duly authorized officer and to be dated as of the date first written above.
1.Capstone Companies, Inc., a Florida corporation
By: ______________________________________
Name: _____________________________________
Title: _____________________________________________________
SEEN AND ACCEPTED BY HOLDER ON _____ DAY OF ______________, 2021_____
Signature: _______________________________________________
Print Full Legal Name: ______________________________________________
The strong comeback of virtual reality, the digital twin network, will become the core foundation of the "meta universe".
source
https://inf.news/en/tech/a520ad96c5491f935e6b400b9ab543ba.html
2021-10-19 16:04 HKT
Virtual reality technology is a brand-new practical application technology developed in the 20th century. With the advent of the 5G era, the development of the virtual reality industry has ushered in a new wave of development, bringing profound changes to the fields of economy, technology, culture, military, and life.
The virtual reality industry is now booming like a rocket. At present, the three major applications of the virtual reality industry (technological ecology, content ecology, and application ecology) have gradually matured. The virtual reality industry ecology will bring people trillions of imagination and development opportunities. As a leader in the software and hardware of the virtual reality industry, WiMi Hologram focuses on the virtual reality industry software and hardware product fields, and has further upgraded in the fields of AR optics, visual effects, AI intelligence, semiconductor chips, etc., and even created the Metaverse Business Unit. Provide "one-stop customization" services to partners and customers. At present, WiMi Hologram has significantly increased its share in the global high-end virtual reality market, introducing world-leading technology and creating a high-end VR/AR industrial base.
In the future, the VR system will develop towards deep lifelikeness, highly natural VR/AR interaction, deep integration of VR/AR and AI, transformation of VR to digital twin, and development of VR cloud computing/service + VR data/model center, edge VR computing, etc.
Relevant professionals pointed out that with the development of technology, the application of digital twins can expand the connected objects of the Internet of Things into physical and virtual twins, merge the physical object space with the virtual object space, and become a mixed space of virtual and real, and the Internet of Things will develop into a new generation of digital The twin network may become the third-generation Internet application and even become the core foundation of the meta-universe.
In the final analysis, the meta-universe is a fusion of virtual reality, and this is inseparable from the connection of data. The technology that combines virtual and reality is different from traditional technology. It is based on big data, which makes artificial intelligence more closely fit and has a stronger sense of reality. Metaverse needs to give full play to the advantages of the Internet, the Internet of Things and big data, and regard the sensors of the Internet of Things as eyes and noses, so that users can experience the feeling of communication, not only the superposition of simple images and scenes, but also the enhancement of interaction.
Q4 Update
source
https://capstoneconnected.com/capstone-production-update/
In keeping with the Company’s philosophy of communicating openly with its customers and shareholders, we feel an update on the Company’s smart mirror status is in order as we are receiving numerous inquiries daily.
For those supporters that have followed our product development progress, it is common knowledge that the pandemic has tested the Company every step of the way over the past year. We are pleased to announce that Capstone has received notification that formal certifications for ETL and FCC are underway which translates to production commencing in the days ahead. We will face some logistic challenges which have dominated the news cycle, but rest assured every effort to expedite deliveries will be made. On that note, we will be shipping both by air and sea over the next several months to meet demand. Pre-orders will continue to serve in establishing priority for shipping until we have inventories located in our U.S. warehousing facility. At that time, we will transition the website to a regular order format.
In closing, we want to point out that your credit cards will not be charged when placing a pre-order. We recommend doing so if you are planning on having a Capstone Smart Mirror in your home in 2021.
We genuinely thank you for your understanding during this global health crisis.
If you would like to receive production and related shipment updates directly, please provide your email address in the designated area below and we will update you accordingly.
Once again thank you for your interest and support.
Capstone Connected
True Short Interest
https://www.marketbeat.com/stocks/OTCMKTS/CAPC/short-interest/
As of September 30, 2021 Short Interest is 549.200 shares. This is only 1.84494% of the free float.
All officers & Directors as a group own after conversion of all options & warrants 19.775.129 shares = 39.9 %
Total shares after conversion of all options & warrants 49.543.031 shares.
49.543.031 shares - 19.775.129 shares = 29.767.902 shares Free Float.
The data is dazzling!WiMi Hologram released the first half of the financial report, revenue and gross profit both grew.
source
https://min.news/en/economy/b6ce2258f85641fa2027e56b34d92a05.html
2021-10-18 08:38 HKT
t has been a period of time since the second half of the year. Driven by the recent popular meta-universe and holographic AR industries, many large technology network companies have also released their own company's financial reports to give feedback to investors. Not long ago, WIMI.US, known as the "Meta Universe Holographic AR First Share", announced its financial report for the first half of 2021 as of June 30.
The new financial report was released, and the amazing performance made investors excited.
According to the financial report, for the six months ended June 30, 2021, WiMi Hologram's total revenue increased by 202.2% year-on-year to 516.2 million yuan (US$79.9 million), and gross profit increased by 189.8% year-on-year to 153.1 million yuan. (US$23.7 million); Net profit increased by 40.3% year-on-year to RMB 32.1 million (US$5 million); R&D expenses increased by 463.6% year-on-year to RMB 86.1 million (US$13.3 million).
WiMi Hologram's new financial report in the middle of the year is very eye-catching. It has achieved a super high value-added increase of 202.2% in total revenue in the half-year period, and set brilliant data of gross profit and net profit growth year-on-year. Looking forward to the second half of 2021, WiMi Hologram expects that its revenue growth rate will continue to significantly increase year-on-year. Starting from September 2020, it will start to develop smart chips and provide software solutions business, while increasing R&D investment, and rapidly improving the ability of holographic AR technology to maintain the company's leading competitive advantage in the AR holographic industry. Looking forward to the whole year of 2021, it is expected that compared with the growth rate in the first half of the year, especially driven by the Metaverse and the holographic AR industry, the impact in the second half of the year will be greater, and the performance can maintain sustained high-speed growth. Revenue growth will increase substantially.
Vigorously develop holographic AR and "meta universe".
According to the financial report, the huge growth rate of WiMi Hologram has been amazing. Not only that, WiMi Hologram is also actively deploying and developing the "Meta Universe". Due to its technical advantages, WiMi Hologram has accumulated many years of technology to become WiMi Hologram. Exploring Metaverse lays the foundation for the establishment of the "Holographic Metaverse Business Unit", and at the same time released a new AR head-mounted display (HMD)-"WiMi HoloAR Lens" to expand the user experience of holographic AR technology in Metaverse.
Since 2000, the global Internet has first entered the era of PC interconnection and then into the era of mobile interconnection. However, as the global Internet penetration rate has increased to a high level, the dividends of users in the mobile Internet era are becoming a bottleneck, so the next chapter of the Internet is likely to be the meta universe. Meta Universe includes virtual reality VR, augmented reality AR and mixed reality MR. It is estimated that the market size of Meta Universe will reach 800 billion US dollars in 2024.
In addition, PricewaterhouseCoopers predicts that Meta Universe will reach US$1.5 trillion in 2030.
The 1.0 era of the first stage of the meta universe is mainly for the To C market represented by social networking and entertainment. Although the era of the ultimate meta universe (meta universe 3.0) is still far away, the first stage of the meta universe (1.0 era) is currently in place. Some related technologies have already been implemented and some applications have begun to be commercialized. There will be more technology applications in the future. Going to maturity. As for the VR industry, IDC expects a compound growth rate of 41.4% in the next five years. VR/AR is expected to become a super category after mobile phones, with a broad industry space. The VR/AR market will be worth 17.25 billion U.S. dollars in 2020 and is expected to reach 184.66 billion U.S. dollars in 2026, with a compound annual growth rate of 48.7% from 2021 to 2026.
It is the "Meta Universe" that makes WiMi Hologram a strong semi-annual report in the first half of 2021. The advanced technology assistance required by Meta Universe, such as AR/VR, cloud computing, AI, and 5G, is WiMi Hologram. Holographic has a certain technical foundation to enter the meta-universe in the professional field. From another perspective, WiMi Hologram raises the ceiling of its own development and further cultivates the holographic field. It can be said that the entire business of WiMi Hologram has formed a larger scale. According to the scale, analysts expect that the explosion of the meta-universe will promote a greater growth rate of WiMi Hologram in the future. In addition, the consumer experience can be further improved in the future, which in turn will bring new users, new service experiences and new technologies to WiMi Hologram, forming a virtuous circle.
There is another upsurge in the field of virtual reality, opening the door to the "meta universe" with digital twin technology.
source
https://inf.news/en/tech/d2cefacde99a3b98d7cbee5c24f7f794.html
2021-10-18 08:16 HKT
Virtual reality technology is a brand-new practical application technology developed in the 20th century. With the advent of the 5G era, the development of the virtual reality industry has ushered in a new wave of development, bringing profound changes to the fields of economy, technology, culture, military, and life. Influence.
The virtual reality industry is now booming like a rocket. At present, the three major applications of the virtual reality industry (technological ecology, content ecology, and application ecology) have gradually matured.
The virtual reality industry ecology will bring people trillions of imagination and development opportunities. As a leader in virtual reality industry software and hardware, WiMi Hologram focuses on the field of virtual reality industry software and hardware products, and has further upgraded in AR optics, visual effects, AI intelligence, semiconductor chips and other fields, and even created the Metaverse Division. Provide partners with "one-stop customization" service. At present, WiMi Hologram has significantly increased its share in the global high-end virtual reality market, introducing world-leading technology and creating a high-end VR/AR industrial base.
With the emergence of concepts such as "meta universe", new technologies such as virtual reality (VR), augmented reality (AR), mixed reality (MR), blockchain, cloud computing, and digital twins have once again attracted the attention of capital and industry. The combination of production, learning, and research in the virtual reality field has accelerated and expanded, and the market has entered a period of expansion. The digital twin network may become the core foundation of the "meta universe". Relevant professionals pointed out that with the development of technology, the application of digital twins will expand the connected objects of the Internet of Things into physical objects and virtual twins, integrating physical object space and virtual object space to become a mixed space of virtual and real, and the Internet of Things will develop into a new generation of digital The twin network may become the third-generation Internet application and even become the core foundation of the meta-universe.
Obviously, capital and technology giants converge in the Metaverse. Seeing this momentum, many people began to turn to the realm of the Metaverse. The upgrading of WiMi holographic user needs and the innovation of 5G+AR technology have been continuously penetrated and expanded in various industries in the society, and they are widely present in new media perception and new models.
WiMi Holographic 5G+AR will surely form a new model and new field of mass consumption, which will derive social scenes, cultural and entertainment immersion, and sales and shopping experience. On this basis, WiMi Hologram tries to find new development opportunities by blessing the meta universe, and begins to write a new chapter in a new battle based on the concept of meta universe.
In the WIMI Holographic Academy of Sciences, academics from world-renowned universities/research institutions are gathered. Since its inception, it has supported excellent development teams in many fields such as technology, capital, resources, and business models, providing opportunities for self-breakthrough of high-quality talents, deep development of industry-university-research platforms, and continuous injection of capital markets. Scholars did not disappoint, and jointly designed and provided a number of excellent solutions in the virtual reality industry such as "5G + Metaverse Virtual Reality Application". These solutions have achieved success in the application of virtual reality technology in manufacturing, medical, entertainment and other fields. Obvious results. In the future, WiMi Hologram will also give full play to the advantages of technical talents, improve the application level, play a role of demonstration and leadership, and add new momentum to the development of the virtual reality industry.
At present, various types of industrial Internet and IoT platforms have initially formed models of "like operating systems" through years of accumulation; different types of enterprise native 3D data (CAD/BIM data) have begun to form relatively standard specifications and application standards, while civil Game-level 3D engines have also begun to have preliminary physical mechanism simulation capabilities, which can be used for real-world simulations and deductions to a certain extent.
The accumulation of a large amount of 3D spatial data content is seeking application-side landing scenarios; XR equipment has been iterated for many years. Gradually become a lightweight, wearable industrial production tool, which is convenient for frontline operators to assist their work skills. Under such conditions, it can break through the barriers to data and human interaction, have a standardized platform service architecture with scalable applications, and have the cost advantages of flexible subscriptions and rapid upgrades, making it easier to form large-scale expansion and coverage of industry applications.
Academician Zhao Qinping of the Chinese Academy of Engineering mentioned in the "Virtual Reality Technology Development Trend" report that in 2016, China's VR patents accounted for nearly half of the world, and Chinese inventors surpassed the United States to rank first in the world in 2015.
In the future, VR systems will be deeply realistic, VR/AR interactions are highly natural, VR/AR and AI are deeply integrated, VR is transformed into a digital twin, and the development of VR cloud computing/service + VR data/model center, edge VR computing, etc.
The digital twin network will become the core foundation of the "meta universe". Academician Zhao pointed out that with the development of technology, the application of digital twins will expand the connected objects of the Internet of Things into physical and virtual twins, merge the physical object space and virtual object space to become a virtual and real hybrid space, and the Internet of Things will develop into a new generation of digital twins. The Internet may become the third-generation Internet application and even become the core foundation of the meta universe.
With the upgrading of user needs and the innovation of VR technology, virtual reality technology is constantly infiltrating and expanding in various industries in the society, and it is widely present in new media perception and new models.
The virtual reality terminal is moving from single to multiple, discrete to fusion.
VR will surely form a new model and new field of mass consumption, deriving social scenes, cultural and entertainment immersion, and sales and shopping experience. With the continuous maturity of technology and the accumulation of data, a new generation of digital twin applications will bring data interaction and decision-making capabilities that everyone can reach at any time, so that every ordinary person can become an expert.
At present, WiMi Hologram Cloud has leading 3D computer vision technology and SAAS platform technology, which is widely used in holographic advertising, holographic entertainment, holographic education, holographic communication and other fields. With the widespread popularity of meta-universe applications, the holographic cloud industry where WiMi Hologram is located will see explosive growth.
WiMi Hologram (its stock code: WiMi), which enjoys the reputation of "Meta Universe Holographic AR First Share", continues to actively expand the meta universe ecosystem, and plans to continue to improve and strengthen existing technologies, maintain industry leadership, and create an ecological business model . At present, WiMi Hologram's holographic facial recognition technology and holographic facial change technology are being applied to the existing holographic advertising and entertainment business, and the technology is also being continuously upgraded, hoping to make breakthroughs in more industry fields. The goal of WiMi Hologram is to establish a business ecosystem based on the application of holographic technology.
In the future, the VR system will develop in the direction of deep lifelikeness, highly natural VR/AR interaction, deep integration of VR/AR and AI, transformation of VR to digital twin, and development of VR cloud computing/service + VR data/model center, edge VR computing, etc. .
In the final analysis, the meta-universe is a fusion of virtual reality, and this is inseparable from the connection of data. The technology that combines virtual and reality is different from traditional technology. It is based on big data, which makes artificial intelligence more closely fit and has a stronger sense of reality. Metaverse needs to give full play to the advantages of the Internet, the Internet of Things, and big data, and treat the sensors of the Internet of Things as eyes and noses, so that users can experience the feeling of communication, not only the superposition of simple images and scenes, but also the enhancement of interaction.
WiMi Hologram Semi-annual Financial Report: Steady growth in performance, holographic ecological strategy promotes cross-cycle performance growth.
source
https://inf.news/en/economy/334dcd660ae5535e6439d51e65b76c00.html
2021-10-18 07:47 HKT
During the just past "October" holiday period, U.S. stock technology stocks staged dramatic volatility.
Recently, the three major U.S. stock indexes fell across the board, and large technology stocks fell across the board. For this wave of corrections in technology stocks, the market mainly interpreted it as concerns about the jump in U.S. bond interest rates and the debt ceiling that weakened market sentiment.
Analysts believe that there is no need to worry too much. Dan Ives, a technology analyst at Wedbush Securities, said that the pressure on technology stocks will be "short-lived" due to concerns about rising U.S. Treasury yields and growth stock valuations, and technology stocks are expected to rise by the end of 2021. 10%.
In a report to clients by Dan Ives, he said, “Although long-term shorts will continue to use 10-year Treasury bonds to appear 20 basis points to create anxiety, we will instead focus on the entire corporate and consumer ecosystem in the next few years. The US$2 trillion digital transformation opportunity will soon be ushered in the technology industry."
According to foreign media reports, the following technology stocks can be focused in the near future:
- Microsoft (MSFT),
- Cognizant (CTSH),
- NCR CORPORATION (NCR),
- VISA (V) and
- WiMi Hologram (WIMI).
Microsoft (MSFT.US)
It can be said that it is the first place in the industry. Although the outbreak of the coronavirus pandemic has instantly put all companies into a state of preparation, the company's business cloud and expanding profits still promote underestimated profit growth. And this technology giant is likely to set off a "password" revolution recently. According to foreign media reports, Microsoft announced that it will allow users to delete the passwords of Microsoft accounts and start the era of no password. This means that Microsoft users can delete the passwords of their accounts and log in through authentication. This time, the measures are for today In the Internet age, it must be able to cause a lot of disturbance and attention.
Returning to the value of Microsoft itself, although most analysts have a bullish rating on Microsoft, there are also analysts who predict that Microsoft's upside space is not large. Morgan Stanley said, "Compared with any time since its initial public offering in March 1986, Microsoft's today's expected growth rate and rising CPI inflation rate are overestimated."
Cognizant (CTSH.US)
Cognizant is a comprehensive technology solutions company with a diversified customer base. It is worth noting that Cognizant ranks 185th in the 2021 Fortune 500 list. It has also become one of the most respected companies in Fortune magazine for 12 consecutive years. From this point of view, Cognizant currently seems to be undervalued. However, competitive pressure from peers such as Accenture (ACN) may affect the company's revenue growth.
NCR CORPORATION(NCR.US)
The current stock price is $41.24 (as of October 11), and in the eyes of analysts, it belongs to a relatively undervalued technology stock. Morgan Stanley stated that NCR's retail and hotel business will drive its long-term growth, and the company's NCR as a service strategy and its focus on software and services will play a vital role in future growth. Therefore, the analyst believes that NCR's stock price is seriously undervalued, and it has a lot of upside potential.
VISA(V.US)
Although VISA has performed a bit poorly in the past 12 months because VISA has lagged far behind the broader stock market and credit services industry in the year-to-date and past 12 months. However, in the past six months, Wall Street's The consensus outlook has been greatly improved. Its consensus price target is 23% higher than the current stock price. This means that VISA has considerable upside and the market's outlook for the company has also changed from a bearish March to a slightly bullish outlook today.
WIMI.US (WIMI.US)
Analysts believe that WiMi Hologram is currently an extremely undervalued "meta universe" concept stock, and its performance in the first half of 2021 has excited Wall Street investors. The holographic meta-universe division was established not long ago to expand the application of holographic technology in meta-universe scenarios. Nowadays, WiMi Hologram, which has the reputation of "Meta universe holographic AR first stock", is in software technology (image detection, recognition, template matching, image dynamic fusion and replacement); in holographic applications (holographic animation, virtual live broadcast, virtual idol And virtual social networking) and holographic hardware are actively exploring and deploying to further expand the application of holographic technology in the meta universe; the most noteworthy thing is the amazing performance of WiMi Hologram's 2021 semi-annual report, and the financial report shows WiMi Holographic's total revenue increased by 202.2% year-on-year, net profit increased by 40.3% year-on-year; research and development expenses increased by 463.6% year-on-year.
The term "meta universe" is on fire!You can feel the "meta universe" in a car, do you want to know.
source
https://inf.news/en/economy/7b35325c175400e3fea90d5099f6ab87.html
2021-10-18 07:46 HKT
Since entering the second half of 2021, the term "meta universe" has become popular. The Japanese social giant GREE announced that it would launch the meta-universe business; ByteDance spent a huge sum of money to acquire the VR startup Pico; Microsoft announced the corporate meta-universe solution at the Inspire Global Partner Conference, and WiMi Hologram established the "holographic meta-universe division" The entry of major digital technology giants has also made Metaverse one of the most popular concepts at the moment.
At the same time, at the International Automobile and Smart Mobility Expo in Munich, Germany, Huawei demonstrated another AR, the augmented reality head-up display (AR-HUD) solution, showing the industry that it already has a small volume, large format, The key capability of Ultra HD. In the past, the HUD field was almost completely monopolized by large foreign manufacturers. Now domestic manufacturers are using AR-HUD new technology to upgrade and surpass international competitors. They are expected to get another "Meta Universe" ticket.
Public information shows that Metaverse can be regarded as a virtual world that is not only mirrored but independent of the real world, built on the basis of traditional cyberspace and with the maturity of various digital technologies. At the same time, Metaverse is not a simple virtual space, but includes the network, hardware terminals, and users into a sustainable, wide-covered virtual reality system. The system contains both digital copies of the real world and virtual worlds. Creation.
It is worth noting that the current narrow meta-universe industry chain with VR and AR as the main body overlaps with AR-HUD (head-up display with augmented reality technology), smart car lights and other functions on automobiles, including chips, Optical components, imaging and display technology, etc. The emergence of these functions also allows some drivers to "drive" in the meta universe.
The two English abbreviations of HUD and HMD, which are commonly used in the VR/AR field, are only one letter apart, and the full names of the twin brothers are also very close.
- HMD in VR/AR means Head Mounted Display, referred to as head display, which is our common "VR all-in-one machine", "AR glasses" and so on. The full name of
- HUD is Head Up Display. This kind of display does not need to wear any equipment, you only need to look up to see it.
Augmented reality technology "creates" meta universe.
It is understood that AR-HUD accurately combines image information with actual traffic conditions through an internal specially designed optical system, and projects tire pressure, speed, rotational speed and other information on the windshield in front of the driver, thereby reducing the driver's driving Safety configuration for head down and head turning during the process.
HUD products can be divided into C-HUD, W-HUD and AR-HUD.
- C-HUD realizes the fusion of virtual images and real scenes by using plastic or glass couplers. Most C-HUD products are post-installed products, ready to use. C-HUD has a low technical threshold, and the industry has entered a stage of low-profit competition in the Red Sea.
- W-HUD directly uses the windshield as a joint between the virtual image and the real scene. W-HUD is a front-mounted product. The traditional W-HUD needs to be customized for each model. At the same time, the OEM is required to customize a special windshield to solve the problem of ghosting.
- AR-HUD is based on W-HUD technology, combined with sensing technology and communication technology, can achieve larger FOV (Field of View) and depth display, and deeply integrate virtual images with real scenes, which is the direction of HUD manufacturers' layout .
As the level of automotive intelligence improves, the HUD market will usher in rapid growth. In 2020, the global HUD penetration rate is close to 10%, and China's HUD penetration rate is only about 3%, which is much lower than the global level. According to calculations by Orient Securities, the HUD penetration rate in the Chinese market will reach more than 30% in 2025, with a market size of nearly 20 billion yuan, and a five-year compound growth rate of over 40%. According to the data reported by Great Wall Securities in August 2020, 780 models of 205 vehicle series in China have been equipped with HUD (including optional + standard). At present, the HUD configuration rate is relatively high in luxury cars such as BMW, Mercedes-Benz, Audi and other Japanese cars. The products are mainly W-HUD and most of them are optional. With the advancement of HUD technology, the configuration of HUD has shown a trend from foreign brands to independent brands, from luxury cars to mid-range cars, from optional to standard equipment, and from W-HUD to AR-HUD.
It is worth noting that AR-HUD may have a greater use after achieving fully autonomous driving. At this time, drivers who gradually liberated their hands began to pursue more comfort and entertainment, and people began to extend the car scene as the "third space", and AR-HUD could make the glass of the car become information, entertainment and advertising. Carrier.
At the same time, this has also created a new port for various automotive electronics manufacturers and even Internet manufacturers. They will consider how to make information content on the car screen easy to read, easy to use, and easy to interact.
To build a vehicle-mounted AR-HUD requires not only excellent hardware structure and optical design, but also strong software development capabilities. In order to achieve true AR fusion, it is necessary to rely on powerful algorithms to make the imaging accurately fit the road, integrate into reality and ensure that there is no distortion. Since the curvature and curved surface of the curved windshield adapted for different models are different, the design and algorithm are more difficult.
"The application of smart car light technology will advance the car display from the LCD screen era into the super-large screen optical imaging era. Optical imaging can break through physical limitations and obtain a more immersive virtual large-screen experience." Huawei Smart Car Solutions BU Chief Operation Officer Wang Jun said at the 2021 World New Energy Vehicles Conference that as the automotive architecture requires higher bandwidth and safety, the communication system in the car will not be ruled out in the future from electricity to light, and "tramcars" will also be transformed. It is a "light car".
Let the lights have the ability to "talk".
In addition to realizing interaction in the car, optical imaging can also be extended outside the car. For example, models of brands such as Mercedes-Benz, Volkswagen, WEY, and Chinese Express use digital projection lighting technology to turn headlights into "high-definition projectors" and have the ability to "speak" to provide personnel and other vehicles in and outside the car. Interactive.
Specifically, the most common function that digital projection lighting technology can achieve is that when a vehicle passes through a narrow section, the left and right headlights with high resolution can simultaneously emit two bright lines of the same width as the vehicle, and two lines The curvature of the vehicle is synchronized with the steering angle to help the driver evaluate the driving route and passing ability.
It is worth noting that the purpose of projecting near the driver's line of sight is to effectively warn the driver, so that the driver will not be distracted by the reminder elsewhere. In the real test process of night traffic testers, it can be more clearly perceived than the same warning message displayed on the head up.
In addition, digital projection lighting technology can also realize the "zebra crossing" projection function. When a vehicle encounters a pedestrian crossing the road, the car lights project a "zebra crossing" on the road ahead, prompting pedestrians to pass with confidence; when the vehicle detects the distance of the vehicle ahead When the value is less than the safety value, the front vehicle collision alarm function is activated, and the headlights will be projected onto the road in front of the driver's field of vision with a white high-brightness prompt line, gradually narrowing to a high-frequency flashing warning.
It is understood that these functions are automatically activated after vehicle sensors analyze the driving situation. When the camera or sensor system on the vehicle detects a change in road information, the core processor can evaluate the data and digital navigation map within a few milliseconds, and provide commands for the headlights to best adapt to the light distribution under all conditions.
Canadian digital health stock with Buy rating.
source
https://www.cantechletter.com/wp-content/uploads/2020/12/healthcare-scaled-991x661.jpg.webp
October 14, 2021
It’s a space that’s expected to see accelerated growth for years to come as physicians, clinics, hospitals and health units join the digital transformation that has already overtaken a number of sectors. For healthcare, the development means using information technology-based solutions and services to better facilitate all facets from team communication and data analytics to the use of artificial intelligence to improve diagnostics and procedures. And Canadian companies are playing a role in the revolution on a number of levels, leaving investors with lots of options in digital healthcare.
CloudMD Software & Services (TSXV:DOC) is the owner of onsite clinics and telemedicine services as well as an IT solutions platform for clinical practitioners.
Total revenues as per its latest quarter were $15.7 million with adjusted EBITDA just below the line at negative $0.7 million and after a number of acquisitions over the past year the company’s annualized revenue run rate is now over $140 million.
Research Capital Corporation analyst Yue Ma has given CloudMD a “Buy” rating, maintaining the rating and target price of $3.30 per share in a late August update to clients.
https://www.cantechletter.com/2021/08/cloudmd-is-undervalued-says-research-capital/#
Ma said with its three verticals established in clinic services and pharmacies, digital services and enterprise health solutions, CloudMD has solid growth prospects.
“DOC closed multiple acquisitions during 2020 and H1 2021, establishing an ecosystem of various product offerings and a large client base, creating significant cross-selling opportunities. DOC continues integrating those newly acquired businesses – based on which the company has launched a Complete Health Platform that targets approx. 260K employees covered by existing sales contracts in digital services and EHS,” Ma wrote.
“During the pilot phase, 11K employees have been onboarded to the platform and achieved a retention rate of 48 per cent and a satisfaction score of 73 per cent – above DOC’s expectations. We believe the initial success of the Complete Health Platform should attest to the feasibility of DOC’s organic growth strategy – boding well for future growth,” Ma said.
CloudMD’s share price is down about 40 per cent for the year so far, but Ma is expecting upside to the name, with his $3.30 target representing at the time of publication a projected one-year return of 76 per cent.
"Symbiosis on the Cloud Leads the Future" The first Chinasoft International Cloud Service Conference focuses on hot topics.
source
https://finance.sina.com.cn/jjxw/2021-10-15/doc-iktzscyx9875968.shtml
October 15, 2021 17:55 Press Scroll
On October 15th, the first Chinasoft International Cloud Service Conference with the theme of "Symbiosis on the Cloud Leading the Future" was successfully held. This is the first large-scale technology event held by Chinasoft International since its establishment more than 20 years ago. ChinaSoft International invites experts in the fields of economy and technology, strategic partners such as Huawei, and more than 2,000 customers to discuss hot topics such as digital economy development opportunities and enterprise digital transformation, aiming to jointly expand value on the cloud and create a new future for the digital industry.
Take advantage of the auspicious clouds to climb the digital peak.
Chen Yuhong, Chairman and CEO of Chinasoft International
In order to seize the opportunity of cloud and intelligent industrialization transformation, ChinaSoft International has carried out a series of strategic transformations and constructed three growth curves including
- "Cornerstone Business,
- Cloud Intelligent Business and
- Emerging Business", forming a quality, valuable and meaningful , The development matrix of symbiosis and promotion.
At the same time, as the first partner of Huawei Cloud to help each other in the same boat, continue to cooperate with Huawei strategically and be an excellent member of Huawei's "New Long March for Innovative Technology" team.
ChinaSoft International will do a good job in the connection between cloud vendors and customers, using the cloud as the base, work hand in hand with partners, serve customers, and take advantage of the auspicious clouds with customers and partners to climb the digital peak again.
Senior Vice President of Huawei, CEO of Huawei Cloud, and President of Consumer Cloud Services Zhang Pingan shared the theme of " Deep into digitalization and work together for the future" . Since 2017, ChinaSoft International and Huawei Cloud have been in the same boat for four years and are determined Under the strategic investment of ChinaSoft International, through its in-depth understanding of customers, Huawei Cloud has been introduced into the digital transformation process of enterprises to continue to create value for customers. ChinaSoft International has always been among the best in Huawei Cloud sales and has contributed a very important force to the development of Huawei Cloud. It is HUAWEI CLOUD's goal to deepen digitalization and realize "everything is a service". HUAWEI CLOUD hopes to work with Chinasoft International to accelerate the digitalization of China's industries, accelerate the process of "everything is a service", and work together to help the future.
The game of international relations, the response to the challenges of the post-epidemic era, and the development of the digital economy will all urge new opportunities, new forms, and new models for the development of the production industry. Li Daokui, Dean of the Institute of Chinese Economic Thought and Practice at Tsinghua University, believes that “ digitalization of the fourth industry has become a major strategic opportunity for Chinese companies”.
He analyzed the recent macro-environment and policy changes, as well as the major opportunities facing Chinese companies in the new era. Li Daokui believes that the information service industry will grow into a "fourth industry" and drive the re-upgrading of the primary, secondary and tertiary industries. Seizing the challenges and opportunities brought by the digital economy will bring new opportunities for enterprises. The development of enterprises should have a sense of change, rationally analyze environmental changes, and seize the opportunities brought by environmental trends, and they will surely take the lead in the era of digital economy.
Meet the third wave of the industry and create a future on the cloud with "products + services" driven.
At this conference, ChinaSoft International also showed its strength and confidence to lead the government and enterprise cloud service market. Sun Jiawei, senior vice president of Chinasoft International and president of the Cloud Intelligence Business Group, said that the cloud industry is ushering in the third wave, and "no cloud, no strategy" has become an industry consensus. ChinaSoft International and its client partners jointly innovate to provide three major cloud platform products and cloud management services, covering the entire chain of "cloud, cloud management, and cloud innovation". In order to match Chinasoft International's long-term strategic goals, the cloud service brand CloudEasy has been fully upgraded to provide "full stack" cloud service products and solutions for government and enterprise customers, and become a leading brand in the cloud service market.
In order to help small and medium-sized enterprises to actively embrace the innovative opportunities brought by the digital wave, Chinasoft International's online cloud service "China Cloud Network" announced its official commercial use on October 15th. The basic cloud management functions including 70+ functional modules will also be permanently free and comprehensively reduced. The cost and threshold of cloud use for enterprises accelerate the process of cloud transformation.
Chinasoft International and IDC conducted in-depth research on the breakthrough of digital transformation and released the white paper "Multi-cloud Operation Service Provider". It comprehensively explains the challenges faced by enterprises in the digital age, as well as the role positioning and value of multi-cloud operation service providers, and then defines the capability standards of multi-cloud operation service providers, and provides enterprises with reference for selection, so that multi-cloud operators and enterprises can work together to win in the future.
ChinaSoft International and the Institute of Information and Communications Technology jointly released the "New IT Governance Service System" white paper, which provides comprehensive guidance for enterprises to build a new IT governance structure. Yang Lingling, Director of the Governance and Audit Department of the China Academy of Information and Communications Technology and the Institute of Big Data, mentioned that “new IT governance focuses on the realization of corporate value, making decisions and management for the effective allocation of IT resources, and realizing the improvement of IT productivity and the maximization of value.”
All-round "friend circle lineup" talks about the best practices of digital transformation and the fruits of cooperation.
At this cloud service conference, Chinasoft International invited customers and partners from all walks of life to participate in depth, sharing the results of cooperation with Chinasoft International and digital transformation practices.
Guizhou on the Cloud:
A New Starting Point in the Era of Government Cloud 3.0.
Guizhou on the Cloud and ChinaSoft International have in-depth cooperation, leveraging ChinaSoft International’s deep accumulation in cloud management, cloud operation and cloud native, and taking the lead in building a hybrid cloud computing resource scheduling platform based on the Xinchuang architecture, and jointly exploring and building the government cloud 3.0 era The new benchmark.
Zhangjiagang Smart City:
Building a new smart city construction model.
Zhangjiagang actively improves the level of urban development by empowering the city with smart capabilities, and has established a new digital transformation model with urban digital platforms as common support and capabilities. ChinaSoft International provides solid technical support for the construction of the smart city nerve center-digital platform and smart brain applications.
MCC Baosteel:
A successful practice of digital transformation in traditional industries.
As a pillar industry of the national economy, the steel industry is to develop from a big steel country to a strong steel country, and transformation and upgrading are particularly important. MCC Baosteel and ChinaSoft International have in-depth cooperation to realize the visualization, manageability and control of data assets, and complete the intelligent operation and maintenance upgrade, which is a successful practice of the digital transformation of traditional industries.
United Blue Ocean:
United Chinasoft International to build an industrial Internet intelligent cloud platform.
United Blue Ocean uses Huawei cloud technology as the base and Chinasoft International applications as the support to form a strategic cooperation "iron triangle", data-driven manufacturing, and jointly build an industrial Internet intelligent cloud platform to achieve full coverage of horizontal industries and full vertical processes.
Wofeng Technology:
Joining hands with Chinasoft International to lead intelligent customer experience management.
Wofeng Technology cooperates with Chinasoft International to create a full-process SaaS business for marketing services, providing enterprises with one-stop solutions for marketing management, sales process management, service delivery management and customer service management, and also provides a reliable guarantee for the use of AI to achieve intelligent service upgrades.
Facing the future, ChinaSoft International will continue to stand firm on the rise of China's digital economy, based on the ecological concept of "building a cloud ecosystem together, and a win-win future on the cloud", and continue to do a good job in connecting cloud vendors and customers, using the cloud as the foundation, Fully understand the customer’s scenarios and needs, and work with partners to help China's digital transformation, and promote the construction of a digital society and digital economy to lead the world.
Artificial Solutions signs agreement with Scania to deliver Conversational AI services.
source
https://www.artificial-solutions.com/blog/artificial-solutions-signs-agreement-with-scania-to-deliver-conversational-ai-services
October 14, 2021
Artificial Solutions® (SSME:ASAI)
https://finance.yahoo.com/quote/ASAI.ST/
announces a renewal agreement with Scania, a world-leading provider of transport solutions, for multi-language and multi-functional Conversational AI in Swedish, French, and English.
https://www.artificial-solutions.com/teneo
Scania successfully uses Teneo,
Artificial Solutions’ Conversational AI development platform, to create easy-to-use, internal and external conversational interfaces that provide support to employees and suppliers.
“By using Teneo, Scania has quickly built a number of chatbot
https://www.artificial-solutions.com/chatbots
applications in multiple languages. Taking advantage of the platform’s features, our team has been able to repurpose solutions created in one language, by expanding them to new languages and markets, faster and more efficient than what we have been able to do before. We have also seen great success in our democratization efforts, thanks to the visual representations and low-code aspects of Teneo”, said Torbjörn Oliveira Lunå, Product Owner, Business Automation at Scania.
Scania is a world-leading provider of transport solutions and operates in more than 100 countries employing around 50,000 people. The manufacturer belongs to the Traton Group, a wholly owned subsidiary of the Volkswagen Group. Teneo supports Scania in building a wide range of internal and external uses, including the Scania supplier portal.
“We are strengthening Artificial Solutions’ footprint in the transportation industry. Nowadays, brands have a much higher demand for Conversational AI from their customers and require a productive and scalable environment for better ROI. We look forward to continue to support Scania so they can keep delivering best-in-class conversational AI capabilities”, said Per Ottosson, CEO at Artificial Solutions.
Teneo is Artificial Solutions’ award-wining Conversational AI development platform. It enables enterprises to build highly conversational applications in more than 86 languages running over any device, service, or operating system. Real-time data analytics allows organizations to increase personalization, automatically maintain the conversational system, and deliver actionable insight back to the business, while enabling compliance with privacy regulations such as GDPR.
Artificial Solutions’ offering, LUIS^Teneo
https://www.artificial-solutions.com/ms-luis-teneo
is a cloud architecture and SaaS-based offering in Microsoft Azure, that makes it easy for companies to start small, and then scale their solutions for high volumes and across multiple channels & languages. LUIS^Teneo also connects to all major systems through an extensive portfolio of front and back-end connectors.
Who will be one step ahead of the "Meta Universe" battlefield in Tencent/Facebook/WMI holographic competitions?
source
https://min.news/en/tech/f90c3109700da776703e2a419d73afdf.html
2021-10-15 05:37 HKT
Today we will talk about the "meta universe" of the fire in a more systematic way.
Speaking of meta universe, we have to mention the famous American science fiction writer Neal Stephenson. In 1992, he published his novel "Avalanche". In the book, Neil Stephenson describes a virtual world parallel to the real world and named it "Metaverse".
Metaverse is composed of two roots:
Meta and Verse.
Meta means "transcendence" and "meta"
and verse means "universe".
Simply put, meta-universe is the use of augmented reality (AR), virtual reality (VR), and Internet (Internet) technologies to project reality elements one by one into the virtual online world. In reality, people can become digital, where they have a network clone to engage in various activities. At present, there is still a long way to go to realize the meta-universe.
In April, there was a “metacosmic fever” around the world. The VR/AR industry completed 19 financing mergers and acquisitions, and the amount of financing more than doubled from the previous month. Over the past few months, the momentum of the rise of Metaverse has intensified. In August, the VR/AR industry completed 22 global financings, with a total amount of US$1.848.82 million. Behind this, technology giants and investment institutions have entered the game one after another, using "spending money" to seize the track.
The meta-universe may bring three changes to human work and life:
- First, the extremely immersive interactive experience brings people an experience far beyond the 2D era;
- Second, efficiency is improved, and the iteration of life, industry, society, and technology greatly improves efficiency;
- Third, reduce costs. Human costs, resource costs, time costs, transaction costs, etc. are greatly reduced in the context of the meta universe.
Tech giants seize the track
As far as China is concerned, Tencent has followed closely in the layout of Meta Universe.
In December last year, Ma Huateng, the man at the helm of Tencent, said that the mobile Internet era has passed, and the next wave of upgrades is the true Internet. The true Internet in his mouth is highly similar to the meta universe. On September 14, Tencent applied for the registration of the "QQ Yuan Universe" trademark. Prior to this, it had applied for the registration of the trademarks of "Wang Zhe Yuan Universe" and "Tian Dollar Universe".
From a widening perspective, in addition to the trademark, Tencent's meta universe is very broad. Some organizations have counted the areas that Tencent is involved in on the meta universe, including games, social networking, live broadcast and other businesses. The focus is on the game.
In Roblox's $150 million Series G financing in February last year, Tencent was among the investors. In April of this year, game developer Epic announced that it had received 1 billion US dollars in financing for the development of Meta universe business, which showed that Tencent holds a 40% stake in Epic. In addition, Epic Games is already an affiliate of Tencent Group, and Tencent has the right to nominate directors on the board of directors of Epic Games.
In general, Tencent's current meta-universe layout ideas. More want to aggregate third-party and own VR content through intermediate platforms.
In addition to Tencent, the most recent investment in Meta universe that has attracted the most attention from the outside world is the acquisition of Pico by ByteDance.
On August 29, Pico disclosed in a letter from all staff that the company was acquired by ByteDance. This VR startup company was founded in 2015 and focuses on virtual reality technology and product development.
Among the foreign technology giants, the strong competitors of Tencent and Byte-Facebook, have both come early and come violently in investing in Meta Universe.
As early as 2014, Facebook spent $3 billion to acquire Oculus, a VR hardware equipment manufacturer, demonstrating its determination to enter the meta-universe. So far, Facebook has invested in at least 20 VR-related companies, and is particularly keen on VR game companies.
In June of this year, Facebook acquired BigBox VR studio. The studio's work includes the popular VR "chicken eating" game "POPULATION: ONE". Since its release in October last year, the game's revenue on the Oculus Quest platform alone has exceeded $10 million.
Earlier, Facebook also acquired VR game developers Downpour Interactive, Ready at Dawn, and Sanzaru Games. Not long ago, its CEO Mark Zuckerberg said: Facebook will transform from a social media company to a meta-universe company.
In addition to technology giants such as Bytedance, Facebook, and Tencent, many other players are also stepping up their efforts to deploy the meta universe.
In May last year, Apple acquired NextVR, a live VR startup company. This is Apple's first merger and acquisition in the field of VR content. As of now, Apple has 18 VR/AR related mergers and acquisitions;
In January of this year, NetEase United Investment Company Structured Capital and other investors made an investment of up to 35 million U.S. dollars in Together Labs. Together Labs is the parent company of IMVU, the world's largest virtual character social platform.
According to the news from Zhitong Finance, WIMI.US, the first holographic unit, also deployed the meta universe early. In terms of software technology, based on imaging detection and recognition technologies, it can embed holographic AR content into virtual applications; application aspects , WiMi Hologram owns 4600 holographic virtual IP rights content , laying the foundation for entering the meta universe market.
Recently, the latest public information shows that WiMi Hologram formally established the "Holographic Meta-Universal Business Unit" on August 24 , laying out the research and development of the underlying holographic technology of Meta-Universe, and launching an active exploration and layout of the “Next Generation Internet” of Holographic Meta-Universe. On September 7th, a new augmented reality (AR) head-mounted display (HMD) product for the consumer market, "WiMi HoloAR lens", was released to further strengthen the software and hardware research and development of the underlying holographic technology, and expand the holographic AR technology in the yuan The user experience of the universe.
The chief analyst of the CITIC Securities technology industry believes that the ultimate meta-universe connecting the physical world and the digital world will become the way of life of mankind in 20 years and reshape the digital economy system. The meta-universe aggregates a large number of discrete single-point innovations to form new species, bringing long-term potential and opportunities beyond imagination. In terms of investment operations, Meta Universe is likely to be the next integrated innovation that will change human life in the medium and long term after the Internet, bringing investment opportunities in units of ten years.
The "meta universe" is accelerating its evolution into a virtual space that can mirror the real world and is independent of the real world. People in reality can use digital identities to entertain, socialize, study and work in the "meta universe", completely breaking life and The boundary of the game, from the consumer Internet to the industrial Internet, application scenarios have also been opened. It is estimated that the market size of Meta Universe will reach 800 billion U.S. dollars in 2024.
As the market's understanding of the metaverse gradually deepens, it is certain that everything from the consumer Internet to the industrial Internet will usher in the metauniverse era of online and offline integration in the future.
Meta universe is the fuse of holographic AR/VR, WiMi Hologram leads the construction of underlying technology.
source
https://inf.news/en/tech/8c3ef015c6f41a3c869de2704a7a03f5.html
2021-10-14 05:37 HKT
Meta Universe is the real future of the digital world. 2021 is a year when the concept of Meta Universe is popular all over the world. Technology giants continue to make arrangements to obtain tickets to Meta Universe.
Meta universe is the fuse of holographic AR/VR, WiMi Hologram leads the construction of underlying technology.
What is the meta universe? This is a collection of virtual time and space, composed of a series of augmented reality (AR), virtual reality (VR) and the Internet (Internet). Currently, the supporting industry of Metaverse is AR/VR. Using this as an interface to enter a virtual world parallel to reality and give people an immersive experience is one of the main understandings of the concept at present. Therefore, because AR/VR is the key to the meta-universe world, the recent popularity of the “meta-universe” topic has made the AR/VR circle the most popular “fragrance”, which has become the entire capital, technology, and Internet. The “focus” of each industry.
According to Bloomberg Information, by 2024, the market size of Meta Universe will reach 800 billion US dollars. PricewaterhouseCoopers predicts that Meta Universe will reach US$1.5 trillion in 2030. The 1.0 era of the first stage of the meta universe is mainly for the To C market represented by social networking and entertainment. A number of technology companies have already deployed. For example, Facebook (FB.US) has just established a meta universe team, relying on the original social applications, Oculus VR hardware devices, Horizon and digital currency to create their own meta universe world. In addition, "Meta universe holographic AR first unit "WIMI.US" also established the "Meta Universe Division" in August to explore the meta universe world in a deeper level.
Although the era of the ultimate meta universe (meta universe 3.0) is still far away, the first stage of the meta universe (1.0 era) is currently in place. Some related technologies have already been implemented and some applications have begun to be commercialized. There will be more technology applications in the future. Going to maturity.
VR/AR is the entrance to the Metaverse virtual world. China Securities Investment believes in a recent research report that for the VR industry, IDC expects a compound growth rate of 41.4% in the next five years. VR/AR is expected to become a super category after mobile phones, with a broad industry space. The VR/AR market will be worth 17.25 billion U.S. dollars in 2020 and is expected to reach 184.66 billion U.S. dollars in 2026, with a compound annual growth rate of 48.7% from 2021 to 2026.
Facebook's Zuckerberg believes that about 10 million people need to use and purchase VR content on a platform to enable developers to continue to develop and profit; and once this threshold is exceeded, the content and ecosystem will achieve leapfrog development. With the improvement of VR/AR hardware performance, rich content ecology, and attractive product sales prices, this year's shipments exceeding 10 million or a singularity will come. In the next few years, as technology giants, such as Apple, release VR/AR products, it will also drive the development of the entire industry and the popularization of hardware, opening the door to the meta universe.
With the development of hardware platform and technology, Metaverse will break through the initial social entertainment attribute boundary in the second stage to realize the true Internet including To B, such as Microsoft from hardware, game platform, cloud service, XR Hololens and Mesh- The XR content platform has completed a relatively complete layout; NVIDIA has created the Omniverse industrial meta-universe platform and has begun to cooperate with companies to help improve efficiency. 3D rendering and physics engine technologies also have technical reserves.
With the continuous expansion of the "Meta Universe", as the "Meta Universe Holographic AR Concept First", WIMI.US (WIMI.US) has already begun its exploration in the field of Meta Universe. In terms of meta-universe holographic applications, WiMi Hologram stores nearly 5,000 holographic IP rights content libraries. In terms of meta-universe holographic hardware, WiMi Hologram has launched a new augmented reality (AR) head-mounted display (HMD)-"WiMi HoloAR lens".
It is understood that WiMi Hologram is currently the world's leading holographic platform. After five years of development, it has established a relatively complete holographic technology research and development system, holographic content production and storage system, and holographic commercialization system. In addition to WiMi Hologram, not long ago, Facebook also announced that the relevant directors of Metaverse have been promoted to CTO to promote the development and upgrade of AR and VR hardware. In August of this year, Facebook released the collaborative office social platform Horizon Workrooms. And Cook has repeatedly "confessed" his love for AR technology. Not only that, Cook also believes that AR will be Apple's next "node", and Apple has invested a research and development team of nearly 1,000 people to explore this new field. This is enough to prove that AR has ushered in an inflection point in the consumer market, and another "war of the century" between major technology companies has begun.
Nowadays, "Meta Universe" technology highly relies on virtual reality and communication technologies such as AR, VR, 5G, cloud computing, but compared with the current level of AR and VR technology, "Meta Universe" is in terms of immersion, participation, and sustainability. The requirements are higher. Of course, the meta-universe world, which is difficult to distinguish from reality, may be far away from us, but with the continuous development of AR/VR, cloud computing, AI, and 5G technologies, the realization of the meta-universe concept is only a matter of time.
CloudMD Adds Comprehensive Health and Wellness Coaching to Proprietary Integrated Health Services Platform.
source
https://finance.yahoo.com/news/cloudmd-adds-comprehensive-health-wellness-113000677.html
Wed, October 13, 2021, 1:30 PM
- CloudMD has created program offerings for the total benefit category of group benefits that offers comprehensive care while tracking and reporting symptom improvement.
- In 6 months, over a quarter million individuals have been onboarded on the integrated platform, receiving personalized care with a net promotor satisfaction score of 78%.
- The platform combines proprietary online assessment and personalized care – with 88% of individuals showing improvement.
- Real-time data analytics deliver insights into individuals’ health journeys and just-in-time approach to dynamically adjust treatment.
- Employers have full visibility into anonymized user progress through an interactive dashboard, enabling better decision making on group benefits program design.
- Companies are adopting CloudMD’s revolutionary, integrated platform based on evidence that it creates engagement and ability to measure health outcomes resulting in accelerated return to function.
CloudMD Software & Services Inc. (TSXV: DOC, OTC: DOCRF, Frankfurt: 6PH), a healthcare technology company transforming the delivery of care, is excited to announce that it has added comprehensive and enhanced health and wellness coaching services to its industry first proprietary Integrated Health Service Platform. This platform utilizes health coaches and technology to create engagement with a focus on ongoing support for prevention, intervention and return to function. It is also one of the only platforms that offers the user tools and treatment for at work, casual absence and disability.
CloudMD is committed to helping individuals understand health issues with a focus on engagement and ability to support through prevention, intervention and return to function. Employers are now focused on ensuring that individuals have access to group benefits that shift from self-selection to full-service navigation. The Integrated Health Services Platform makes it easy for individuals to access the widest range of digital health and wellness through journeys that are actively guided by health and wellness Nurse Navigators and/or Nurse Coaches. This revolutionary platform differentiates itself with the engagement workflow and analytic supporting health outcomes. The platform connects individuals to all of their health and wellness needs by providing industry-leading services including primary care, access to specialists, complex care navigation, mental health risk assessment, mental health services, employee assistance programs (“EAP”), occupational health services, learning/education, provider search, remote testing services, and much more through a single platform. Powered by several of CloudMD’s proprietary and wholly-owned technology assets and its multidisciplinary team, the platform provides a holistic, team-based approach resulting in better access to care and improved outcomes. Since launching the Integrated Health Services Platform
https://investors.cloudmd.ca/cloudmd-announces-rapid-growth-of-enterprise-health-solutions-division/
in April 2021, over a quarter million individuals already have access to the platform and are receiving personalized navigation and care.
The Company’s early data shows that once individuals have had a successful coaching experience, they tend to re-engage with the coach as a trusted resource for continued support. The impact of the program is yielding positive results with examples where 91% of reassessed individuals with depression showing improvement and 89% of reassessed individuals with anxiety showing symptom improvement.
Karen Adams, President of CloudMD commented, “We are committed to improving the recovery of individuals with mental and physical health issues. Organizations are ensuring that employees receive benefits that can provide better health outcomes and return to function. We are proud that we pioneered a comprehensive platform with predictive analytics that is able to track health outcomes, adjust treatment and focus on return to function utilizing our connected care technology. Employers are able to ensure benefit programs contain the right spend and access to solve issues that make individuals and businesses thrive.”
Many people suffering from mental health issues are held back from seeking treatment due to stigma. Further, not every mental health condition requires psychotherapeutic treatment or psychoactive medications. Often, a personalized mental wellness coaching relationship can effectively address stress in the workplace, mild to moderate depression, social awkwardness, irritability, sleep disruptions, or other mental health symptoms. CloudMD’s preventative, action-oriented coaching service provides individuals with the support they need to remain productive and engaged despite the ups and downs of daily life. Speaking to a coach can be an important first step in getting the help a person needs. Similar to care pathways in physical health, there is value in delivering access to customized care pathways in mental health that are evidence-based but don’t over treat or under treat. Individualized mental wellness coaching is a critical first step in an organized stepped-care pathway.
Karen Adams added, “For many people, a mental health action plan that addresses immediate, specific circumstances combined with the support of a trained coach is all they need to move forward. Progress like this can also break the hold of a mental health issue, preventing someone from sliding into a disorder and it can also be very important for those who need help in preparing to engage in therapy. This is one aspect of our broader comprehensive health and wellness coaching services that has been designed as an effective, supportive doorway enabling individuals to access the services they need.”
In addition, the Company announces it has engaged Native Ads, Inc. (“Native Ads”) to provide strategic digital media services, marketing, and data analytics services. The Company has agreed to pay Native Ads CAD$150,000 in consideration for the services to be provided. Native Ads will not receive any securities of the Company as compensation for the services. The Company has also engaged Grit Capital Corp. (“Grit”) for a 24 week marketing and advertising campaign and has agreed to pay Grit US$100,000 in consideration for the marketing services provided. Grit will not receive any securities of the Company as compensation for the services.
About CloudMD Software & Services
CloudMD is transforming the delivery of healthcare using technology and by providing a patient-centric approach, with an emphasis on continuity of care. By leveraging healthcare technology, the Company is building one, connected platform that addresses all points of a patient’s healthcare journey and provides better access to care and improved outcomes. Through CloudMD’s proprietary technology, the Company delivers quality healthcare through a holistic offering including hybrid primary care clinics, specialist care, telemedicine, mental health support, healthcare navigation, educational resources, and artificial intelligence (AI). CloudMD’s Enterprise Health Solutions Division includes the leading Student Assistance Program and one of the top 4 Employee Assistance Programs in Canada and offers one comprehensive, digitally connected platform for educational institutions, corporations, insurers, and advisors to better manage the health and wellness of their students, employees, and customers.
CloudMD currently services a combined ecosystem of over 7,000 psychiatrists, approximately 4,500 therapists and counsellors, approximately 4,000 psychologists, over 22,000 family physicians, over 34,000 medical specialists, over 1,500 allied health professionals, over 500 clinics, and over 5 million individuals across North America.
For more information visit:
https://investors.cloudmd.ca/
FOR ADDITIONAL INFORMATION, CONTACT:
Julia Becker
VP, Investor Relations
julia@cloudmd.ca
(604) 785-0850
CloudMD Sales
sales@Cloudmd.ca
Zhuyou Intelligent Manufacturing Technology (00726.HK) as of September 30, the output of prefabricated building components and products reached 272,400 cubic meters, an increase of 28.11% year-on-year.
source
https://cj.sina.com.cn/articles/view/5115326071/130e5ae7702001hil3
October 11, 2021 19:55 Gelonghui APP
Zhuyou Zhizao Technology (00726.HK) announced that the production and capacity utilization of the group's prefabricated building components and products have increased significantly compared with last year. As of September 30, 2021, the Group's output of prefabricated building components and products reached 272,400 cubic meters, an increase of 28.11% year-on-year; during the year, the Group successfully won the bid for the joint procurement of the China City Alliance, which resulted in an increase in orders, plus multiple PC factories The successful commissioning and the gradual implementation of the Group's research and development results, the increase in factory digitization, automation and component standardization, has promoted the increase in output.
Guo Weiqiang, executive director of the company, said: "We are fully confident in China's prefabricated construction industry, which is strongly supported by the central government. It is expected that the scale of development of China's prefabricated construction industry will continue to achieve rapid growth.
In addition, the Group’s newly added gardening and decoration business is accelerating its development. The Group has established a joint venture with Dongzhu Ecological, a leading garden company. The unveiling ceremony will be held at the end of September. It will promote the growth of the Group’s entire industry chain together with its prefabricated building components and product businesses. . "
Received five times oversubscription of Chinasoft International successfully raised HK$2 billion.
source
http://www.chinasofti.com/news/2287.htm
October 9, 2021
Chinasoft International Co., Ltd. (Chinasoft International/Company) (SEHK: 00354), a large-scale comprehensive software and information technology service company in China, announced that the company will place 162 million new shares at HK$12.26 per share and raise HK$2 billion for the whole The research and development of stack cloud intelligent products and solutions, as well as investment and mergers related to the company's main business, further enhance the company's technical capabilities; create OpenHarmony software and hardware products, solutions, and open source ecology to build new business growth.
ChinaSoft International’s placement has been enthusiastically sought after by a number of well-known long-term and strategic investors around the world. It was fully subscribed within half an hour from the opening of the book, and finally was oversubscribed by 5 times, fully demonstrating the company's value as a leading ITS enterprise in China. This placement is only a discount of 9.85%, which is the only new share placement project that can be priced at a single-digit discount in the Hong Kong stock market in the second half of the year.
Since its listing in 2003, ChinaSoft International has achieved a compound annual growth rate of nearly 30% in revenue. It has become a leading company in China's IT service industry. It has been selected as one of the TOP 100 in Gartner's global IT service market share ranking for three consecutive years, continuing to demonstrate China's digital iron army. The company’s placement financing has been oversubscribed several times, indicating that the company’s good fundamentals and broad development prospects have been fully recognized by global long-term stable institutional investors.
ChinaSoft International will take this financing opportunity to comprehensively upgrade new technology capabilities, create new growth around cloud intelligence, OpenHarmony and other businesses, and achieve more quality, valuable and meaningful development. The company will continue to cultivate its internal skills, continue to consolidate the cornerstone business, further improve the company's business layout, and continue to move toward the goal of a technology-based software service enterprise of "one in the world", and become the world's Chinasoft International!
5g commercial acceleration, how can AR technology make the shopping experience more convenient?
source
https://min.news/en/tech/9505300dedbb7a8ab8f21abc3d226b7a.html
2021-10-10 05:17 HKT
Since 2021, the application fields of augmented reality (AR) technology have become increasingly abundant. Non-contact AR temperature measurement, AR vehicle management and control systems, etc., effectively avoid crowds and vehicle flows, and reduce the risk of cross-infection. The acceleration of 5G commercialization has opened a new wave of development in the AR industry. The Ministry of Industry and Information Technology once proposed to promote 5G+AR, live event, game entertainment, virtual shopping and other applications to promote new information consumption.
With the continuous development and deployment of 5G, the application of AR technology, the nature of the shopping experience has changed, because now users can choose to preview furniture at home or try glasses and cosmetics virtually. Based on AI face recognition + AR augmented reality technology, it will bring consumers a more entertaining, more visual and more convenient shopping experience. Products that originally required consumers to try on-site, such as lipstick makeup and eyeglasses, can now be simulated with mobile phones, which can quickly help consumers find suitable styles.
In the AR try-on scene, although the product cannot be touched, the user can view product details in all directions in the virtual scene, providing an intuitive shopping reference. The display of product 3D models and the personal try-on experience can not only reduce the return rate and rejection rate, but also help deepen the trust of customers in the brand in the long run, and increase the effectiveness acquisition rate and repurchase rate. The new shopping model can also arouse consumer curiosity, attract users to experience the website, stimulate customers' desire to share, trigger a second discussion, and open up the purchase link.
Google uses AR to move the shopping experience of physical stores to online, allowing users to "try out" products before buying. The AR shopping function is mainly launched under the makeup and clothing categories. For example, a user can use a screenshot or use a mobile phone camera to shop on Google's platform to find his favorite dress or sneakers, and so on. Google is committed to creating an open retail ecosystem, a platform where all businesses can compete fairly.
Later, Snap also started to improve in the layout of the AR ecosystem, and will further increase the layout of subdivisions in the future. Snap revolves around AR filters that can support online shopping functions, focusing on the combination of segmented areas and AR functions. Affected by the epidemic, the launch of the AR try-on function is also highly praised. It enables users to open the filter at any time, and users can view the upper body effect of clothing products with "one-click wear". At the same time, the camera's scanning function also supports the "find the same style" function, with voice recognition to free your hands, and you can try on clothes of appropriate size at any time.
Just as major technology companies made big bets on AR/VR shopping to build a holographic ecological chain, WiMi Hologram, which was listed on Nasdaq, was also making every effort to build a holographic ecological chain environment. WiMi Hologram was established in 2015, NASDAQ: WiMi. Its commercial application scenarios are mainly concentrated in five professional fields such as
- home entertainment,
- light field theater,
- performing arts system,
- commercial publishing system and
- advertising display system.
Relying on its own mature visual design team foundation, WiMi Hologram has deeply excavated the AR live broadcast technology and launched the AR live broadcast business to provide customers with more services, covering multiple industries and fields.
With the gradual maturity of the 5G ecosystem, the integration of augmented reality technology and industry applications is entering an explosive period, promoting the prosperity of 5G+AR ecological content. The VR/AR industry has accelerated significantly and ushered in a new turning point. Since 2021, the shipment volume of VR/AR terminal equipment has accelerated significantly. According to the latest data from the China Academy of Information and Communications Technology, the global virtual reality industry scale is close to 100 billion yuan, and the average compound growth rate in 2017-2022 is expected to exceed 70%.
With the implementation of the 5G standard, more personal smart terminals have gradually opened up AR functions. AR has penetrated into consumers' daily lives from many aspects such as advertising and marketing, entertainment, and social interaction. This new medium will help further strengthen the relationship between brands and customers, and enhance the experience of products and services. The major technology companies have already blazed their own paths and achieved phased victories. In the future, the AR ecosystem will become more perfect, and AR terminal products will gradually mature.
The underlying holographic technology of the meta universe continues to be upgraded, and the WiMi Holographic Academy of Sciences researches 5G+AR cutting-edge technology.
source
https://min.news/en/economy/8af0c2cf074e81666879bf42bd142305.html
2021-10-10 04:19 HKT
Roblox landed on the capital market and set off a boom in the concept of "meta universe", which caused many capitals to hear the news. At the same time, the major Internet giants increased their bargaining chips to enter the game. For example, foreign Internet social giants such as Facebook and Apple, and domestic technology companies such as Tencent, ByteDance, WiMi Hologram, NetEase, and Baidu.
The development of information technology has accelerated human society into the digital world, and capital is looking for new outlets. In this context, due to the important investment opportunities contained in Metaverse, it has become a new focus of capital. For example, in terms of 5G cloud gaming, the improvement of cloud computing technology has promoted cloud gaming to enter the warm-up stage. 5G will make up for the shortcomings of transmission to drive the overall development of cloud gaming, drive the continuous increase in the popularity of consumer entertainment, and break the impact of time, place, and terminals. Restrictions on various media and Internet services. The entry of cloud gaming platforms may further promote "content is king" in the gaming industry.
More and more companies are adopting AR technology. Augmented reality is traditionally associated with games and other consumer-centric uses, so large and small companies are developing this technology. Augmented reality technology (AR) is a new technology developed on the basis of virtual reality. It increases the user's perception of the real world through the information provided by the computer system, and superimposes the virtual objects, scenes or system prompts generated by the computer on the real world. In the scene, so as to realize the enhancement of the real world. It is different from virtual reality technology. Augmented reality provides users with an environment between virtual and reality. With the help of computer software and hardware in the real environment by superimposing virtual scenes, it provides users with the integration of virtual and real scenes. .
There are thousands of talents in the arena, and those who are more skilled will naturally stand out. This is an eternal truth. As a leading provider of holographic AR application technology, WiMi Hologram (Nasdaq: WiMi) has made a leap with the times. With its own advantages, it has established a holographic science academy, explored the leading technology of the times, independent research and development, and invention patents. Specifically, the WIMI Holographic Academy of Sciences was established in August 2020, aiming to conduct research on all frontier AR technologies and disruptive technological innovations, with user vision as the driving force to carry out relevant scientific and innovative technology research. Therefore, in the WIMI Holographic Academy of Sciences, academics from world-renowned universities/research institutions have been gathered to jointly design an innovative ecosystem and successfully realized the establishment of talent channels. The establishment of the production-research cooperation platform, the expansion and achievement of outstanding results, the promotion of the wide application of holographic technology in more industries, and the consolidation of the core position of the WiMi holographic industry.
In recent years, WiMi Hologram has carried out scientific research on holographic applications, which has promoted major scientific and technological innovation applications. The WIMI holographic AR technology allows computer-generated 2D or 3D models to be superimposed on the real-world environment in real time. The models can be manipulated or detected interactively to complement the real world. It is proposed that the technology has three characteristics:
- one is the information integration between the real world and the virtual world, that is, the fusion of virtual and reality;
- the second is real-time interactivity;
- the third is the positioning and adding of virtual objects in the three-dimensional space, that is, - three-dimensional tracking and registration.
Not only that, but further the concept of scenes, the field of enterprise-level AR involves:
AR technology can allow high-precision and aircraft and other high-risk industries to conduct safety training, enabling employees to conduct immersive special training for safety incidents, based on a virtual safety environment Train the staff to escape, so as to effectively lower the accident rate in the real world.
AR technology is also widely used in the automobile manufacturing industry. Ford's engineering experts use full-body motion capture, 3D printing and immersive AR technology to evaluate the vehicle's virtual assembly operations. This not only ensures the high quality of the vehicle, but also provides key data used to evaluate the overall safety of the worker's assembly process, so as to better optimize the production plan. The use of AR technology continues to be popularized, and the hardware used is more accessible.
WiMi Hologram experts have developed a system for performance evaluation of car windshields through augmented reality technology. The user sits on an experimental platform without a windshield. When the user puts on the helmet, the system will automatically superimpose the designed virtual windshield into the real environment, so that the user can intuitively feel that the windshield is installed Whether the deformation of the road surface can meet the requirements.
In the current era, the investment boom continues, and the infrastructure of "Meta Universe" continues to expand. In it, WiMi Hologram has raised US$170 million in global financing along with Meta Universe Dongfeng, and a large number of well-known Wall Street institutions (Morgan Stanley, Bank of America, Blackstone Investment, etc.) hold its stocks. The injection of international capital is very friendly to the development of domestic enterprises with the concept of the universe. Although the investment topic is how to extend and diverge, if based on the actual technology, hardware devices such as VR, AR, and smart wearables are important carriers for presenting the "meta universe" scene, and related enterprises in the industry chain have ushered in a brand new development. Chance. WiMi Hologram, as a technology company listed on Nasdaq, is even more active.
In terms of meta-universe hologram applications, WiMi Hologram stores nearly 5,000 holographic IP rights content libraries. In terms of meta-universe hologram hardware, WiMi Hologram has launched the related holographic XR head-mounted display product "WiMi Hologram SoftLight". After the unremitting efforts of experts, a meta-universe scene will be launched to create a meta-universe social interaction platform, and WiMi Hologram will launch a meta-universe scene combined with a virtual reality vision system. This scene will be mainly used in multiple locations where reality and virtuality are fused, and as these scenes go online, more new visual experiences can be provided to users around the world. Since then, WIMI Hologram has completed the detailed meta-universe scene development plan. All creative personnel and R&D personnel of the company are working hard for this, developing and launching meta-universe scenes and virtual reality content such as AR social, AR shopping, travel, etc., so as to enable WiMi Hologram's products are more comprehensive and diversified.
In the WiMi holographic meta-universe scene, consumers' sense of participation and immersion are greatly satisfied, and the enhancement of these features and the realization of functions will be attributed to WiMi Hologram's AI, AR, VR, big data, and 5G technology Research and development. As a new communication method, 5G holographic communication is a kind of subversion compared to the current communication method. Under this subversion, there are obvious market opportunities. Therefore, increasing investment in research and development of holographic communication is also opening up the road for future development of companies such as WiMi Hologram, Samsung, and Facebook. Increase the advancement of breakthroughs in holographic communication technology to further enrich the content of the virtual world.
The establishment of the Academy of Sciences by WiMi Hologram not only demonstrated the upgrade of its own talent system, but also once again let everyone see WiMi Hologram's sincerity in science and technology investment cooperation. WiMi Hologram has built an independent and cooperative R&D network, which is conducive to WiMi Hologram's use of leading artificial intelligence visual scientific research resources to further improve WiMi Hologram's global R&D layout, and deepen its 5G communication, AI, AR, meta universe technology and other technological products. And the frontier of service. Open up the global R&D network layout, so that WiMi Hologram can integrate high-end talents, forward-looking technology and other resources, and promote the overall technological innovation of visual technology.
The benefits that Meta Universe brings, 5G is the leader in the field of new generation information and communication technology. From the exploration of technology to the realization of technology, people's illusions about the future are gradually evolving into reality within reach.
ŠKODA AUTO´s digital assistant Laura, converts leads into customers.
source
https://www.artificial-solutions.com/blog/skoda-autos-digital-assistant-laura-converts-leads-into-customers
October 7, 2021
Conversational AI, chatbots or digital assistants are frequently being used to enhance customer experience, but it can also be used as a sales tool to convert leads into customers.
On the ŠKODA AUTO website,
https://www.skoda-career.com/blog/2021-09-06-how-to-sell-cars-in-the-digital-era
visitors are greeted by the digital assistant Laura, who caters for the different needs in the buying journey. Laura helps the potential customer to a suitable car model and books a test drive.
Conversational AI analytics
ŠKODA AUTO´s Laura brings valuable information about its customers. The product owner at ŠKODA AUTO, Michal Reichl said: “We essentially work with the data like in Google Analytics. Through the conversational data, we analyse where people cut their activity short or when they hesitate. We then analyse that data and try to improve Laura on that basis. Information about leads then goes to individual markets to dealers.
As Laura is built on the Conversational AI platform Teneo she could speak 86 languages. Today Laura speaks five languages and she is being used in the UK, Ireland, Poland, Serbia, Spain, Montenegro, New Zealand, and Ukraine.
Adding functionality made simple
Teaching Laura, Michal Reichl explained has two levels. “If we want Laura to be able to recommend car models, we need to develop a new backend and modify the frontend. But if we want her to be able to answer how much the ENYAQ iV costs, it can be easily taught. We always need to add at least fifteen versions of a given question and the correct answer to Teneo. Increasing the knowledge base is therefore a relatively simple intervention. Currently, Laura is able to answer up to 110 questions. In the future, we want to expand her knowledge, primarily in the sphere of e-mobility. Around fifteen thousand questions are asked by users about this hot topic every month,” adds Michal Reichl, in conclusion.
Artificial Solutions raises SEK 250 million in credit to refinance existing debt and support continued growth.
source
https://www.investors.artificial-solutions.com/artificial-solutions-raises-sek-250-million-in-credit-to-refinance-existing-debt-and-support-continued-growth
October 5, 2021
Artificial Solutions International AB has today signed a term sheet with a fund managed by Capital Four, one of the largest independent credit asset management companies in the Nordics with a total of EUR 15 billion in assets under management regarding a 5-year credit facility of SEK 250 million, carrying an interest margin of 9.5% and with PIK (payment in kind) interest, i.e. interest costs will be capitalized and will not result in any cash interest payments during the tenure.
The proceeds will be used to refinance the Group´s existing debt and convertible debt. Following repayment of the debt and related transactional fees, approximately SEK 50 million is available for supporting the Company’s continued growth and execution of the new SaaS model strategy built on the offering LUIS^Teneo.
Prior to the completion of the transaction, the Company will repay the bond of SEK 52 million issued by Artificial Solutions Holding ASH AB, which matures on October 5, 2021, with existing cash. The Company’s Cash & Bank position on September 30, 2021, amounted to SEK 96 million. Adding the approximately SEK 50 million for supporting the Company’s continued growth, the Cash & Bank Position on September 30, 2021, would be approximately SEK 146 million.
Artificial Solutions CEO Per Ottosson comments “Refinancing our existing debt and also receiving cash to support our continued growth at attractive terms with a reputable investor such as Capital Four, is a sign of trust in our technology, people and new SaaS strategy. We welcome Capital Four as a long-term financing partner.”.
Pareto Securities and Roschier Advokatbyrå acted as financial and legal advisors, respectively, for the overall refinancing process. This disclosure contains information that Artificial Solutions International AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person set out below, at 17:35 CET on October 5th , 2021.
For further information, please contact:
Fredrik Törgren, CFO, Artificial Solutions
Telephone: +46 (0)70 355 08 29
E-mail: fredrik.torgren@artificial-solutions.com
About Artificial Solutions
Artificial Solutions® (SSME:ASAI) is the leading specialist in Conversational AI. We enable communication with applications, websites and devices in everyday, humanlike natural language via voice, text, touch or gesture input.
Artificial Solutions’ advanced conversational AI Teneo®, allows business users and developers to create sophisticated, highly intelligent applications that run across 86 languages and dialects, multiple platforms and channels in record time. The ability to analyse and make use of the enormous quantities of conversational data is fully integrated within Teneo, delivering unprecedented levels of data insight that reveal what customers are truly thinking.
Artificial Solutions’ conversational AI technology makes it easy to implement a wide range of natural language applications such as virtual assistants, conversational bots, speech-based conversational UIs for smart devices and more. It is already used daily by millions of people across hundreds of private and public sector deployments worldwide.
Artificial Solutions International is listed on Nasdaq First North Growth Market in Stockholm with short name ASAI. Erik Penser Bank is the Company’s Certified Adviser (www.penser.se, tfn +46 (0) 8-463 83 00, e-post certifiedadviser@penser.se).
For more information, please visit:
https://www.artificial-solutions.com/
Series: Four perspectives you shouldn’t miss when selecting a Conversational AI platform – #4 Cross vertical readiness.
source
https://www.artificial-solutions.com/blog/series-four-perspectives-you-shouldnt-miss-when-selecting-a-conversational-ai-platform-4-cross-vertical-readiness
October 5, 2021
As part of a series, Daniel Eriksson, Chief Innovation and Customer Success Officer at Artificial Solutions, gives insight on important aspects of a conversational AI platform
https://www.artificial-solutions.com/teneo
that buyers often overlook. In this third post, he will focus on the importance of cross vertical readiness when choosing the ideal Conversational AI platform.
Cross Vertical Readiness
- Most companies explore multiple use cases, make sure your tools are not locked in a vertical.
How many conversational bots do you have in your company? If not many, ask around in your network and you might be surprised that there are often more than one deployed across a business. Most companies explore Conversational AI in both internal (employee facing) and external (customer and supplier facing) use cases. Therefore, it is important to think a head when select a platform for conversational AI. How many areas do we want to explore? Are we sure we only try to build one type of solution?
I recommend considering if the toolset you are selecting is horizontal or verticalized – meaning is it optimized for a use case or industry (vertical) or optimized for agility across industries and use cases (horizontal).
Because internal and external use cases are actually very different, even in the same industry. This is where it is important for you to think about which models benefits outweighs its weaknesses. I would like to point out some of the strengths of a horizontal solution, and the first one is that you can use the same development platform across your different use cases. This would also enable you to get support from a larger community than if you go for industry specific solutions that all your competitors are using. Remember, the conversational AI-space is all about building. Find the tool that gives you the most edge in your development process.
One can think about this from a different lens. What are the strengths of pre-trained solutions for a specific use case? You typically save time sourcing training data; you might have pre-built knowledge that you can reuse. This can be beneficial, but also has limitations. if you want to make changes, or you need to add specific training data that is unique for you can you do that? And does the use-case specific package help you in another use case?
There are probably exceptions, but the simple rule is likely that a Conversational AI platform either is pre-built and then a bit limited in terms of customizations OR more flexible and then you have to build more yourself. We think this is a world of builders and would recommend you to really think about the long-term benefits of choosing a horizontal solution.
- It is really about building, so packages that are reusable across verticals are typically more valuable than use-case specific ones.
It might sound like the advice I’m giving now is contradicting my previous statement but here it goes – pre-built knowledge can really save you time! There is a reason why communities end up building great things together, everyone benefits in efficiency from the contributions of others. So, no doubt, pre-built packages are great. What might be surprising though, is that in Conversational AI, the pre-built packaged need to be very small to be useful. And with small, I mean for example a collection of intents instead of a complete “pre-built bot”. An integration package for salesforce can easily be re-used if it only includes the basic building blocks of the API connection to salesforce. Because then it can easily be incorporated in many different use cases – internal sales support, internal reporting, external customer support, etc. But a pre-trained “external customer support” package might even take more time to adapt to a different use case. Because you need to review and adapt every single component of the package and if you end up needing to restructure you might as well start with a white piece of paper instead. So really discuss with your vendor about pre-built packages, but make sure they are modular and fairly small. And remember to share modules you have built yourself with the community. That is typically a great way to share work and find improvements.
- Your company and clients probably need a very specific tonality, make sure you can control it yourself.
My last advice is probably a bit difficult to map in the top 4 I’ve mentioned – but I chose to file it under “Cross vertical readiness”. This is my take: Try to build your bots to reflect your company value and chose the tonalities that help build your brand. This is likely not easy, and I am not sure you really can get much help on that from external parties. You need to have your culture and brand promoters to be involved. Why is this relevant when selecting a conversational AI platform? Because in the end we recommend that you make sure that can collaborate with different competencies across your business and that you are in control so that you can design exactly the experience your users should have. Your customers will spend time interacting with your bot, it is one of the few bidirectional interactions your will have with your customer base – don’t waste it! Be in control, build your brand!
CloudMD Appoints Angel Paravicini as SVP, Business Development and Customer Success to Drive Expansion Across North America and Globally.
source
https://finance.yahoo.com/news/cloudmd-appoints-angel-paravicini-svp-113000004.html
Tue, October 5, 2021, 1:30 PM
- Over 15 years’ executive sales leadership; Senior roles at LifeWorks and Teladoc
- Proven track record of building new distribution channels and penetrating new global markets
- Accelerate CloudMD’s momentum and expansion into the United States
CloudMD Software & Services Inc. (TSXV: DOC, OTCQB: DOCRF, Frankfurt: 6PH), a healthcare technology company transforming the delivery of care, is excited to announce that it has appointed Angel Paravicini as Senior Vice President of Business Development and Customer Success to drive expansion in the United States and globally. Angel’s responsibilities will encompass sales team leadership, growing CloudMD’s revenue through expansion in new geographies, development of new distribution channels, and contributing to the Company’s marketing and business strategies.
Angel is a dedicated, passionate and growth minded executive with over 15 years’ experience in healthcare sales, sales management, vendor relations, pipeline management, relationship building, contract negotiating and training. She has a proven track record of building new distribution channels and expanding relationships through outstanding networking and product presentations. In Angel’s most recent role, she spent over 4 years as the Head of North American Partnerships and Sales for Lifeworks, a global leader in digital healthcare. She was responsible for leading the company’s successful expansion into new mental health employer markets across North America. Previous to LifeWorks, Angel held senior leadership roles at Teladoc and HealthiestYou, leading high-performance sales and partnership development teams in North America and globally.
As SVP, Business Development and Customer Success at CloudMD, Angel will be a crucial part of the Company’s expansion across North America and into new geographies. She will lead organic growth and customer retention by driving CloudMD’s enterprise health solutions including EAP, Mental Health coaching and technology solutions for substance use disorders and health and wellness for behavioural health into new markets.
“I am honored to join the CloudMD team and excited to help build on the solid foundation of mental and physical health products. CloudMD is perfectly positioned to help its clients digitally transform the way healthcare is provided to their employees using technology to provide a better user experience and health outcomes,” stated Angel Paravicini, SVP, Business Development, CloudMD.
Karen Adams, President of CloudMD commented, “Angel is a recognized leader in building sales teams and ensuring employers receive market leading solutions to manage employee health. She is an outstanding addition to CloudMD, as she brings a deep blend of channel experience and what it takes to deliver client success. As we continue to accelerate our growth in employee health navigation solutions, Angel’s sales leadership and her strong background in building top performing sales teams will be an important part of our successful delivery.”
“We are thrilled to welcome Angel to CloudMD, and we are confident that she will be successful in bringing our innovative healthcare solutions to new North American and global networks,” added Dr. Amit Mathur, President of US Operations at CloudMD.
About CloudMD Software & Services
CloudMD is transforming the delivery of healthcare using technology and by providing a patient-centric approach, with an emphasis on continuity of care. By leveraging healthcare technology, the Company is building one, connected platform that addresses all points of a patient’s healthcare journey and provides better access to care and improved outcomes. Through CloudMD’s proprietary technology, the Company delivers quality healthcare through a holistic offering including hybrid primary care clinics, specialist care, telemedicine, mental health support, healthcare navigation, educational resources and artificial intelligence (AI). CloudMD’s Enterprise Health Solutions Division includes one of the top 4 Employee Assistance Programs in Canada and offers one comprehensive, digitally connected platform for corporations, insurers and advisors to better manage the health and wellness of their employees and customers.
CloudMD currently services a combined ecosystem of over 7,000 psychiatrists, approximately 4,500 therapists and counsellors, approximately 4,000 psychologists, over 22,000 family physicians, over 34,000 medical specialists, over 1,500 allied health professionals across North America.
For more information visit:
https://investors.cloudmd.ca/
ON BEHALF OF THE BOARD OF DIRECTORS
“Dr. Essam Hamza, MD"
Chief Executive Officer
FOR ADDITIONAL INFORMATION, CONTACT:
Julia Becker
VP, Investor Relations
julia@cloudmd.ca
(604) 785-0850
China Software International (00354.HK) intends to place up to 162 million shares to raise a total of 1.986 billion Hong Kong dollars.
source
https://cj.sina.com.cn/articles/view/5115326071/130e5ae7702001hc1c
October 5, 2021
China Software International (00354.HK) issued an announcement that on October 4, 2021, the company and the placing agent (ie UBS Group) entered into a placing agreement. According to the placing agreement, the company conditionally agreed to place up to a total of 162 million placing shares to no less than six placees through a placing agent on a best-effort basis at a price of HK$12.26 per placing share.
Assuming that the placing is fully completed, the upper limit of the number of placing shares is 162 million, which is equivalent to approximately 5.57% of the company’s existing issued share capital; and approximately 5.28% of the issued share capital expanded by the allotment and issuance of the placing shares. The placing price of HK$12.26 per share represents a discount of approximately 9.85% to the closing price of HK$13.60 on the date of the placing agreement.
Assuming the successful placement of all the placement shares, the total proceeds from the placement is estimated to be approximately HK$1.986 billion, and the net proceeds are approximately HK$1.970 billion. The company intends to use the net proceeds from the placement for: (i) the research and development of full-stack cloud smart products and solutions, as well as investment and mergers related to the company's main business, to further enhance the company's technical capabilities and improve the overall business layout; ii) Create Hongmeng hardware and software products and solutions, develop full-stack technologies required for atomization services, conduct investment and mergers around Hongmeng's industrial ecology, and become Hongmeng's ecological leader; and (iii) the company's general working capital.
Chinasoft International establishes an intelligent Internet of Things business group to promote the AIoT industry to enhance business linkage and promote high-quality development.
source
http://www.chinasofti.com/news/2285.htm
Oktober 1, 2021
In order to achieve the rapid implementation of the company's smart IoT strategy and support the company's strategic transformation, Chinasoft International officially established the AIoT Business Group (AIoT Business Group, hereinafter referred to as "ABG").
The establishment of ABG will build a stronger cornerstone business, and extend the construction of the domestic operating system release product business, and the ecologically enabled customized service business around the domestic operating system release product, and create a multi-level business structure covering products, services, and cornerstones . Through technology traction, we will lead the cornerstone business to the integration of software and hardware, 2B to 2C, and improve the delivery capabilities of the larger market, better serve strategic customers, and achieve further high-quality and large-scale growth of the cornerstone business.
The establishment of ABG will build the strategic depth of talent development channels, realize the sound development and flow of talents in the cornerstone business, service business, and product business, enhance the advantage of talent attraction, strengthen the company's talent capital, and effectively facilitate the interaction of multi-level full-stack business Development and overall growth.
The establishment of ABG will realize the interactive development and overall growth of multi-level full-stack services. Working with partners to build a domestic operating system distribution product business, it will face the two major markets of the consumer and industry sectors, deeply participate in the AIoT ecological construction, deeply participate in the Xinchuang market, and lead consumption upgrades and industry upgrades; through business traction, lead around domestic production The ecology of operating system release products enables customized service business to enter thousands of industries and create new business growth points; as an initial member of the Open Harmony project group working committee of the Open Atom Open Source Fund, the company is developing a domestic operating system based on OpenHarmony through the establishment of a professional company Edition product business; the company will rely on its own industry advantages and unite industry leaders to help promote professional companies to accelerate the large-scale commercial and ecological construction of the OpenHarmony operating system release.
The company will build the ABG headquarters in Shenzhen, continue to radiate the cities in the Guangdong-Hong Kong-Macao Greater Bay Area. In the future, it will combine with the Jiangsu, Shandong, Chongqing and other regional markets covered by Honglian Lianchuang to help promote professional companies to accelerate the large-scale commercial use of the OpenHarmony operating system release. And ecological construction.
The establishment of ABG this time is a key measure for ChinaSoft International to develop its intelligent IoT industry chain and realize the company's "quality, value, and meaningful" development. The company will combine its own ability in AIoT to build a core ecosystem of domestic operating systems through the four-in-one integration of capital, talents, customers, and markets around the industry, and implement the construction of four bases such as cloud, intelligent Internet of things, high-end talents, and ecological investment. The blueprint is to deepen and thicken the "root technology", and give full play to its own advantages and the leading role of the industry to create greater value in the national strategic framework such as strong software foundation and technological self-reliance.
What is the meta universe that Facebook/Tencent/Wimi Hologram/Century Huatong are all playing?
source
https://inf.news/en/tech/2f8f069d5adf44b89d02c098c4e870a4.html
September 30,2021 16:52 HKT
2021 has become the first year of the well-deserved meta universe. The imagination of science and technology circles, capital circles, cultural circles, and large enterprises have all been provoked by the "meta universe", and they have made efforts to deploy. Context crossing and media extensibility driven by technology.
The term Metaverse comes from Neil Stephenson's science fiction novel "Avalanche." Meta stands for transcendence, and Verse stands for the universe. "Beyond the universe" refers to the man-made virtual space that runs parallel to the real world.
This year, Meta Universe is not only the "sweet and sweet" of the game circle and VR/AR circle, it has become the "focus" of the entire capital, technology, and Internet industries. Tencent, ByteDance, WiMi Hologram, Century Huatong, etc. have successively appeared on the development of Meta Universe. The concept of Meta Universe continues to be popular in the secondary market. The share prices of A-share and US stock companies involving related concepts have recently increased by varying degrees. At the same time, with constant research reports and market analysis related to Metauniverse, countless companies around the world claim to deploy Metauniverse business.
Meta universe is not a trendy concept.
Many people describe Metaverse as a new concept hyped up in the capital circle. In fact, it is not the case. It has been 29 years since the concept of meta-universe was mentioned. As early as 1992, the science fiction book "Avalanche" described a network world parallel to the real world, where everyone has their own network. Clone; the online virtual game "Second Life" in 2003 and the sandbox creation game "Minecraft" in 2009 were launched. They depict the user's interaction and "life" in the virtual world.
It is Roblox's success that triggered the meta-universe industry to become the focus. In March of this year, Roblox was successfully listed. Since then, its valuation has soared from the initial US$4 billion to nearly US$50 billion, an increase of more than ten times. Roblox is therefore called "the first unit of the meta universe". At the same time, Internet companies such as Facebook, Tencent, ByteDance, WiMi Hologram, Century Huatong, etc. have started to add the code yuan universe track from various fields, so that the market really feels the fiery enthusiasm of the meta universe.
In fact, the term meta-universe is generally described by the industry as the vision that the Internet will evolve into a virtual world. It has not yet been fully standardized.
Facebook's Zuckerberg believes that Metaverse is a vision that spans many companies and even integrates the technology industry. You can regard it as the successor of the mobile Internet.
Sweeney , CEO of ByteDance Epic, mentioned that no one knows exactly what the meta universe is like. As a future medium, it can become a more efficient engine than any existing closed system and promote economic efficiency.
Tencent founder Ma Huateng said that the mobile Internet is about to usher in the next wave of upgrades, which we call the "True Internet", and the door to the virtual world and the real world has been opened.
WiMi Hologram specifically established the "Holographic Meta-Universal Business Unit" to deploy the research and development of the underlying holographic technology of the Meta-Universe, to actively explore and deploy the “Next Generation Internet” of the Holographic Meta-Universe, and further expand the application of holographic technology in the Meta-Universe scene.
In an interview with the media recently, the chief strategy official of Century Huatong said that the meta universe is a scene where the real world and the virtual world are combined. With the advancement of the underlying basic technology, the integration of the two parties will become closer and closer, and even enter a state of complete connection.
Application + platform to build the core of the meta universe.
If you put the application layer and the platform layer together, they are interdependent. In the application layer, it mainly includes various applications and contents in the virtual world of Metaverse, including games, digital finance, virtual activities, education and training, social networking and live broadcasting. The platform can be divided into three layers: the platform for building various content and infrastructure in the metaverse virtual world, the various development tool platform platforms required to build the metaverse, the content distribution platform and the underlying operating system platform.
To put it simply, the various facilities and tools at the platform level greatly reduce the threshold of creation for the content and form of the application level, and greatly improve the efficiency of creators. The increase in applications has also created the prosperity and ecology of the platform. For example, the launch of Roblox Studio game creation platform has greatly reduced the threshold for designing and making games. With the support of NFT and other related technologies, it has promoted the great prosperity of creators' economy.
Data shows that as of the end of 2020, Roblox platform has attracted 8 million creators from more than 170 countries and regions, and created 20 million games, of which about 1 million developers can earn income, and more than 1,000 developers have annual income exceeding 10,000 US dollars, the total developer income from the first quarter to the third quarter of 2020 is 209.2 million US dollars.
As a Chinese concept stock in the meta-universe field, WIMI.US has become a leader. Its popular Reddit and Stocktwits software have attracted much attention overseas, and it has ranked among the top in the world, which means China meta-universe. The first share . Since WIMI Hologram established the Holographic Meta Universe Division, it has been actively exploring and deploying the "Next Generation Internet" of Holographic Meta Universe.
Three-dimensional layout.
- 1. In terms of Metaverse software technology, WIMI Hologram is based on imaging detection and recognition technology, template matching and detection technology, video processing and recognition technology, holographic 3D layer replacement technology in imaging recognition, and dynamic fusion processing technology in imaging tracking. Embed holographic AR content into virtual applications. The company's holographic AR content and holographic imaging services based on image detection, recognition, template matching, image dynamic fusion and replacement, will generate commercial value in Metaverse commercial applications.
- 2. In terms of meta-universe holographic applications, WiMi Hologram has a comprehensive holographic IP rights content library, and the virtual holographic content covers from 3D models to holographic virtual products. The company has a total of 4,654 holographic virtual IP rights content, which can be used in its holographic AR products and solutions, covering a wide range of categories, including holographic animation, virtual live broadcast, virtual idol and virtual social. The virtual assets of WiMi Hologram will generate commercial value in the meta universe.
- 3. In terms of Metaverse hologram hardware, WiMi Hologram has launched the related holographic XR head-mounted display product "WiMi Hologram SoftLight", and this product has been licensed by the US FFC and approved to enter the US market. The product accelerates iteration in terms of image color management, dockable devices, and wearing experience, which also lays the foundation for the company in the meta-universe head-mounted display market.
At present, WiMi Hologram Cloud has leading 3D computer vision technology and SAAS platform technology, which is widely used in holographic advertising, holographic entertainment, holographic education, holographic communication and other fields. WiMi Hologram launched its semiconductor market business in the second half of 2020, and its full-year revenue in 2020 increased by 140% year-on-year to RMB 766 million (US$117.4 million).
When Meta Universe is in progress, the prospects are broad. With the development of supporting hardware and technology, the future landing scenes will be more diversified. Taking the meta-universe as an entry point to grasp the present, we are both creators and users. Only by adhering to the spirit of co-construction can we usher in that beautiful decentralized future.
Party building, co-construction, cohesion, Chinasoft International and BIT team up to write a new chapter in school-enterprise cooperation.
source
http://www.chinasofti.com/news/2283.htm
September 30, 2021
On September 27, the General Party Branch of ChinaSoft International joined hands with the Party Committee of the School of Management and Economics of Beijing Institute of Technology to carry out the "Learning Party History, Strong Party Spirit, Schools and Enterprises on a New Journey" activity, and the two parties signed the "Party Committee Co-construction Agreement." Tang Zhenming, Secretary of the Party Branch, Executive Director and Senior Vice President of ChinaSoft International, and Yan Zhijun, Secretary of the Party Committee of the School of Management and Economics of Beijing Institute of Technology, attended the signing ceremony.
ChinaSoft International and his entourage first visited the History Museum of Beijing Institute of Technology and learned in detail about the prestigious style of this "first university of science and engineering founded by the Communist Party of China". Afterwards, the General Party Branch of ChinaSoft International and the Party Committee of the School of Management and Economics of Beijing Institute of Technology held a discussion on the cooperation between the two parties, and held a co-construction signing ceremony and an appointment ceremony for corporate mentors.
Yan Zhijun, secretary of the Party Committee of the School of Management and Economics of Beijing Institute of Technology, first introduced the development history, faculty, and discipline advantages of the school, and introduced that when the party was founded one hundred years ago, the party committee of the school relied on the discipline advantages of 8 teacher party branches to focus on the goal of cultivating people. He hopes that in the future, the two parties will rely on their respective advantages to carry out in-depth cooperation on talent training, academic exchanges and scientific research to promote the cause of both parties.
Tang Zhenming, secretary of the Party branch of Chinasoft International, stated that the school-enterprise party building is guided by party building, and various forms of cooperation such as corporate visits, project discussions, and internship practices are carried out to promote the development of both parties. As a leading company in the software industry, ChinaSoft International attaches great importance to personnel training, and has built an important platform for the development of employee capabilities and quality. He said that as a BIT alumnus, he has deep and continuous deep feelings for his alma mater; as strategic partners for each other, ChinaSoft International and BIT have a high degree of consensus and rich experience in school-enterprise cooperation and integration of industry and education. Practical results, I hope that in the future, both parties will continue to cultivate in various fields such as talent strategy and deepen the strategic cooperation relationship.
Under the common witness of the participants, the two parties signed a school-enterprise party building agreement, and Secretary Yan Zhijun issued a letter of appointment for corporate mentors to Secretary Tang Zhenming, officially opening a new chapter in party building cooperation. Based on the principle of "complementary advantages, equal cooperation, mutual benefit, and common development", the two parties will jointly carry out various forms of party history learning and education, consolidate and deepen the educational results of the theme of "not forgetting the original heart, keeping the mission in mind"; Exchanges and exchanges of branch work situation, etc., to jointly discuss problems in party building work, and regularly discuss and exchange experience in party member education and management work and ideological and political work; at the same time, both parties will also formulate relevant implementation rules based on specific project needs, and hire corporate mentors , Establish internship practice bases, carry out high-end training and other forms to jointly promote the development of party building.
ChinaSoft International and Beijing Institute of Technology have a long history of cooperation, from the establishment of a collaborative innovation research institute for intelligent and networked vehicles to the establishment of the Information Technology Innovation Institute, the launch of the "Focus on Hongmeng Technology and the Cultivation of Top Talents" Xinchuang Special Event, and the OpenHarmony Special Training Camp , Absorbing BIT graduate students to ChinaSoft International for subject research, graduation design, internship practice, and the implementation of a series of specific projects, further strengthening the practical significance of the cooperation between the two parties. Taking the signing of the "Party Committee Co-construction Agreement" as an opportunity, the two sides will take the study of party history as the guide, take party building as the core, promote the education model of the integration of industry and education, and cultivate high-quality and high-skilled professions that meet the actual development needs of the enterprise Talents, school-enterprise cooperation empowers the deep integration of technological innovation and application innovation, and contributes wisdom and strength to the realization of the second centenary goal.
CloudMD Strengthens Board with New Director Nominations and Announces Change of Auditors.
source
https://finance.yahoo.com/news/cloudmd-strengthens-board-director-nominations-113000444.html
Tue, September 28, 2021, 1:30 PM
Adds Significant Leadership and Experience Across Technology, Finance and Healthcare.
CloudMD Software & Services Inc. (TSXV: DOC, OTCQB: DOCRF, Frankfurt: 6PH), a healthcare technology company transforming the delivery of care, is excited to announce that the Company will be nominating two new, experienced business leaders to its Board of Directors for the 2021 annual general meeting of shareholders scheduled for November 9th, 2021. The new Board of Directors will consist of five directors, including two new nominees for election.
The new nominees for the Board of Directors are:
Duncan Hannay (Independent Director)
Mr. Hannay is currently the Chief Executive Officer of the Ontario Lottery and Gaming Corporation (“OLG”) and brings more than 25 years of experience growing businesses across industries, channels and locations around the world. Before joining OLG, he was President and CEO of Street Capital Group Inc, a Canadian public company offering best-in-class retail banking products through its Schedule I bank platform. He previously served as Chief Operating Officer at Finastra, a global leader in software solutions for retail banking, transaction banking, lending, and treasury and capital markets. He also served as an executive leader at the Canadian-based financial technology provider D+H, as President of Global Lending Solutions and as President of D+H Canada. In addition, Duncan has held senior executive positions with global financial services providers Scotiabank and E*TRADE Financial. Mr. Hannay holds a Bachelor of Engineering degree from McMaster University.
Karen Adams (President and Director)
Ms. Adams is currently President of CloudMD as well as its Global Head, Enterprise Health Solutions. She is a senior executive with more than 20 years of creating growth through innovation, people, process and technology in the employee wellbeing market. Karen has experience in the evolution of healthcare in mental and physical health through innovation and evidence-based outcomes for employers, employees, insurers, advisors and consumers. Karen has worked in senior executive positions at Warren Shepell, Shepell.fgi, Morneau Shepell, SCM Insurance, Snapclarity and current director and past Chair of Ontario Shores Centre for Mental Health Sciences foundation.
The three incumbent directors for re-election are Mark Kohler (Chairman), Christopher Cherry (Independent) and Essam Hamza (CEO).
Dr. Essam Hamza, CEO of CloudMD commented, “We are thrilled to welcome Duncan and Karen to our Board of Directors as their collective experience and leadership will be extremely valuable to the continued growth of our Company. Their experience in governance, advisory, and executive leadership strengthens and complements our incumbent Board of Directors. Each of these outstanding individuals brings valuable expertise and insight that will help position CloudMD for long-term success as an innovative healthcare company.”
Change of Auditors
The Company also announces that is has appointed KPMG LLP, Chartered Professional Accountants (“KPMG”) as the Company’s independent auditors to hold office until the end of the next annual general meeting of shareholders.
Effective September 9th, 2021, at the request of the Company, CloudMD’s predecessor auditors, Harbourside LLP, Chartered Professional Accountant (“Harbourside”), resigned as auditors and KPMG was appointed to fill their vacancy for the fiscal year ended December 31, 2021.
In accordance with the requirements of National Instrument 51-102 of the Canadian Securities Administrators (51-102), a notice of change of auditor dated September 9th, 2021 with an effective date of September 9th, 2021 (the “Notice of Change”) was sent to KPMG and Harbourside, each of whom have provided a letter to the securities regulatory authorities in each of the jurisdictions where the Company is a reporting issuer stating that they agree with the statement made in the Notice of Change.
Stock Options and Restricted Share Unit Grants
The Company has granted stock options and restricted share units (“RSU’s”) in the ordinary course to certain directors and officers, under its Stock Option Plan and RSU Plan to purchase an aggregate of 1,250,000 common shares of the Company. The exercise price of the stock options granted was set at $1.75 per share. The stock options and restricted share units are subject to the terms of the Company’s Stock Option Plan and RSU Plan and any necessary regulatory approvals.
About CloudMD Software & Services
CloudMD is transforming the delivery of healthcare using technology and by providing a patient-centric approach, with an emphasis on continuity of care. By leveraging healthcare technology, the Company is building one, connected platform that addresses all points of a patient’s healthcare journey and provides better access to care and improved outcomes. Through CloudMD’s proprietary technology, the Company delivers quality healthcare through a holistic offering including hybrid primary care clinics, specialist care, telemedicine, mental health support, healthcare navigation, educational resources and artificial intelligence (AI). CloudMD’s Enterprise Health Solutions Division includes one of the top 4 Employee Assistance Programs in Canada and offers one comprehensive, digitally connected platform for corporations, insurers and advisors to better manage the health and wellness of their employees and customers.
CloudMD currently services a combined ecosystem of over 7,000 psychiatrists, approximately 4,500 therapists and counsellors, approximately 4,000 psychologists, over 22,000 family physicians, over 34,000 medical specialists, over 1,500 allied health professionals across North America.
For more information visit:
https://investors.cloudmd.ca/
ON BEHALF OF THE BOARD OF DIRECTORS
“Dr. Essam Hamza, MD"
Chief Executive Officer
FOR ADDITIONAL INFORMATION, CONTACT:
Julia Becker
VP, Investor Relations
julia@cloudmd.ca
(604) 785-0850
Weblinks to FCC Reports and Trademark & Patent Filings are in my IntroBox since a long time.
Trademark & Patent Filings:
https://uspto.report/company/Capstone-Industries-Inc
Capstone Industries FCC Reports:
https://fccid.io/2ACN4
and
https://fcc.report/company/Capstone-Industries-Inc
------------------------------------------------------
Other Weblinks
Business Contracts:
https://contracts.justia.com/companies/capstone-companies-inc-7264/
Capstone Industries User Manuals:
https://usermanual.wiki/CAPSTONE
Bill of Lading Import Records:
https://import.report/company/Capstone-Industries-Inc
Manufacturer off the smart mirrors in Thailand is Pro Concept Manufacturer Co.,Ltd.:
http://pcm-thailand.com/index.html
Find CAPC smart mirror in the Section AI Products:
http://pcm-thailand.com/big_ai_index.html
Bill of Lading Import Records:
https://import.report/company/Pro-Concept-Manufacturer-Co-L-T-D
Insider Trading:
https://sec.report/CIK/0000814926/Insider-Trades
Last Buy July 15, 2021/Last Sell Okt.15, 2013
Short Interest:
https://www.marketbeat.com/stocks/OTCMKTS/CAPC/short-interest/
As of August 31, 2021 Short Interest is 536.700 shares. This is only 1.80295% of the free float.
Transcripts:
https://docoh.com/transcript/by/companyId/814926
SEC Reports:
https://sec.report/Ticker/capc
and
https://investors.capstonecompaniesinc.com/CAPC/sec_filings
Leadership:
https://capstonecompaniesinc.com/about/capstone-leadership/
Core Subsidiary Capstone Connected
Homepage:
https://capstoneconnected.com/
Contact:
https://capstoneconnected.com/contact/
Newsroom:
https://capstoneconnected.com/press/
Facebook:
https://www.facebook.com/capstoneconnected/
Twitter: https://twitter.com/hashtag/CapstoneConnected?src=hashtag_click&f=live
and
https://twitter.com/hashtag/TheSmartMirrorCompany?src=hashtag_click&f=live
Instagram:
https://www.instagram.com/explore/tags/capstoneconnected/
and https://www.instagram.com/explore/tags/thesmartmirrorcompany/
Pinterest:
https://www.pinterest.de/CapstoneConnected/
Youtube:
https://www.youtube.com/channel/UCMX5W8PV0Q59qoAdMxKcAig
Video Guide:
https://capstoneconnected.com/help/
Production Update:
https://capstoneconnected.com/capstone-production-update/
Series: Four perspectives you shouldn’t miss when selecting a Conversational AI platform – #3 Total Cost of Ownership.
source
https://www.artificial-solutions.com/blog/series-four-perspectives-you-shouldnt-miss-when-selecting-a-conversational-ai-platform-3-total-cost-of-ownership
September 21, 2021
As part of a series, Daniel Eriksson, Chief Innovation and Customer Success Officer at Artificial Solutions, gives insight on important aspects of a conversational AI platform
https://www.artificial-solutions.com/teneo
that buyers often overlook. In this third post, he will focus on the importance of total cost of ownership when choosing the ideal Conversational AI platform.
Total Cost of Ownership
- Identify the hidden costs of the deployment models.
What is a deployment model? Well, most CAI platforms can be offered in different ways: SaaS, on-prem, hosted, opens source etc. Let’s assume you and your security team have done the homework and that all the deployment model options are on the table. What cost aspects an important to consider?
Does a pre-pay model cover a hidden cost? A prepay model is a commercial model often linked to the deployment model where the client needs to commit to a certain resource consumption or ambition. The dynamics of a pre-paid model is quite often “you pay for consumption X, if you consume more you need to pay more, if you consume less, you still pay X”. One aspect I recommend you to consider is that Conversational AI projects typically are a bit difficult to estimate, then can go slower or faster than expected. They can hit a larger or smaller audience than targeted. A pre-paid model can easily actually in hindsight turn out to be quite expensive.
Another hidden cost is the IT management cost of running and maintaining the installation yourself. Even if you pay for a license + support for an on-prem version you still need to pay for hardware, daily management, tools for monitoring or on-call support in the middle of the night. Plus think about what your team will spend time with. If you scope a team for building, but they spend most of their time on infra issues, that’s quite expensive.
Always try to think about the hidden cost of each model, to be able to try to estimate the total cost of ownership. Think about how much it will cost after first deployment for maintenance and testing, etc., across the lifecycle. Do not overlook the fact that a Conversational AI platform needs to support all the phases after going live as well. This is where version control, published flags, re-factoring, regression testing, analytics, performance dashboards, improvement dashboards, etc., come into play. If you choose a tool that only helps you with your first build, you will end up paying a lot more from the efficiencies incurred later. Always think about the entire lifecycle of the program and what is needed in different phases. Make sure you select a tool that is up to the job.
- Will your resources spend the time on the right thing?
We mentioned this quickly before – but it is worth reminding again. You need to make sure your team members can focus on what they can do best – build an ambitious and successful conversational bot! It is not uncommon in our industry that clients testify to use 40-60% of the teams’ time spent on tech support, infra and connectivity instead of designing, building, and improving the bot. Because if the team needs a lot of time to either build supportive tooling, or to just make the solution be online at all – then most of those things you want to develop in terms of user experience – they end up on the forgotten backlog pile. So, when selecting a Conversational AI, special care must be put into maximizing resources and staff efficiency when building a great bot.
- Are your resources efficient across the program lifecycle?
Everyone wants to be productive. That is the same across all disciplines and industries and for sure is true for conversational AI developers. All conversational AI developers I know of, both love to build and to deploy. They want to be productive in their domain.
So, try to see past the fancy words and promises of quick wins in Conversational AI and ask yourself – will this tool make my team productive?
And not only productive in their first 1-2 month in the project but also two years from now when things have scaled up and become more encompassing but also more complex. Great teams build great bots – your job when selecting a Conversational AI tool is to help the team be as productive as possible across the entire program lifecycle.
Deepen 5GtoB+ industry capabilities ChinaSoft International unveiled at China International ICT Exhibition.
source
http://www.chinasofti.com/news/2282.htm
September 28, 2021
Driven by the new generation of information and communication technologies, my country's digital economy has risen strongly, and the level of digitalization, networking and intelligence of the real economy has continued to rise. The new generation of information and communication technologies represented by 5G networks, artificial intelligence, data centers, industrial Internet, etc. has given birth to new types of infrastructure, new business forms and new models. Based on the current mainstream 5G+ industry application capabilities as the main content, the China International Information and Communication Exhibition was grandly held on September 27 at the Beijing National Convention Center. ChinaSoft International participated in this event in depth and reached cooperation intentions with many well-known companies in the industry present.
In this event, ChinaSoft International brought its full capabilities of 5GtoB to the exhibition, attracting many customers to visit. Chinasoft International uses 5G, cloud computing, big data, artificial intelligence and other emerging technologies to empower enterprise management and intelligent manufacturing, and help enterprises realize digital transformation. ChinaSoft International's 5GtoB solution is based on the system architecture of enterprise management, production, application, etc., through 5G+ cloud side-end collaborative operation, to achieve deep integration of IT, CT, and OT, and realize the integration of production and operation of horizontal coordination, vertical control, data sharing, and regional communication Management and control. It aims to help enterprises to deeply integrate with 5G application scenarios, increase digital transformation efforts, and better play the role of enterprises in driving the new economy and new kinetic energy.
At present, Chinasoft International has delivered to many industry customers through its excellent 5GtoB commercialization capabilities. Take Nanping Aluminum as an example, and build seven types of customized business platforms around 5GMEC, including AI smart security platform, ICT converged data center, 3D digital twin platform, power quality management system, video business management platform, 5G intelligent connection platform and blockchain Product traceability management helps Nanping Aluminum realize the important goal of transforming from traditional manufacturing to informatization. Through the collaboration of business-related capabilities between the cloud and edge, an overall cloud service capability integrating central cloud + MEC is formed; at the same time, discrete information systems and IT service resources are integrated to form a unified and efficient data plane, build an enterprise-level 5G industrial interconnection foundation, and build 5G Fully connected workshop, empowering OICT integration. The ability to reduce costs and increase efficiency in many aspects such as labor costs, inspection time, operation and maintenance costs, transportation costs, energy consumption, etc., and realize many application values ??such as digital management, platform operation, and private network integration.
ChinaSoft International was established in 2000. As a listed company on the Hong Kong Main Board (stock code 00354.HK), combined with years of deep understanding of the operator industry, rich vertical industry IT solutions and service experience, it has consolidated the cornerstone business as the first growth curve. Position, determine the cloud intelligent business as the second growth curve, develop Hongmeng Ecosystem, Jiefanghao as the third growth curve, help the digital transformation of customers in various fields such as finance, telecommunications, Internet, high-tech, and become a co-creation partner for the digital transformation of global customers.
ChinaSoft International's successful appearance at the China International Information and Communications Exhibition fully demonstrated its in-depth research and exploration in the field of 5GtoB, and discussed the infinite possibilities of 5G+ industry application capabilities with many experts and scholars. In the future, ChinaSoft International will unswervingly promote the digital transformation of enterprises based on 5G communication technology + industry solutions, and promote the vigorous development of my country's digital economy.