WiMi Hologram Cloud Inc (WIMI)

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WiMi Hologram Cloud (WIMI) 5G + AI in scenario applications enters the fast lane of development.

Source
https://www.newstrail.com/wimi-hologram-cloud-wimi-5g-ai-in-scenario-applications-enters-the-fast-lane-of-development/

August 12, 2022

We have now made a historic breakthrough in 5G leadership. This leadership is not only reflected in the speed and scale of 5G network construction and the total number of 5G users developed, but is also deeply integrated into different scenarios in thousands of industries. In the past three years, 5G has expanded commercial scenarios at a faster pace than expected, and has entered a critical period of large-scale applications.

5G’s popularization
5G booming development has accelerated the pace of industrial digital transformation, like a catalyst, 5G “hammer” is no longer like the early commercial phase, in thousands of industries around looking for “nails”. The vision of “5G changing society” will become a reality. Each place to increase the 5G application policy supply, to take the construction of innovation platform, increase financial support, promote typical cases, etc., together to promote the 5G application into the fast lane.

According to the calculations of the China Academy of Information and Communication Technology, the cumulative investment in 5G network construction will reach 1.2 trillion yuan by 2025, which will drive related investment of more than 3.5 trillion yuan, directly create more than 3 million jobs, drive more than 8 trillion yuan of emerging consumption, and form a trillion-dollar market for 5G-related products and services.

Not only that, the technology of 5G promotes the rapid implementation of artificial intelligence in various application scenarios. Artificial intelligence has the ability to perceive, understand, learn from data and make decisions, and its applications are based on massive data and algorithm integration. According to a report in MIT Technology Review, “Deploying AI applications at the forefront of 5G has the potential to generate new revenue streams and position AI as the flag bearer for 5G.” The report’s authors note that this presents opportunities including smart manufacturing, enhanced retail logistics and automated warehouses.

WiMi 5G plus AI release potential
Artificial intelligence will become very popular under the impetus of 5G landing. At present, many technology giants such as NVIDIA and other related companies have laid out in the ecological chain of artificial intelligence and 5G. Being in the wave of the times, another technology giant, WiMi Hologram Cloud (NASDAQ: WIMI), has comprehensively undertaken the new mission given by the new era, continued to deepen the implementation of 5G applications and achieved progressive results in enhancing 5G application support capabilities, empowering key areas, focusing on 5G plus AI application innovation ecology, solidly promoting 5G application scaling, and fully promoting industrial integration and innovation development.

Excel and forge ahead, WiMi 5G application itself is also in the process of gradual research and development and innovation. In the 5G track, WiMi is deeply plowing 5G development, accelerate 5G technology innovation, promote the deep integration of 5G and economic and social development, create 5G application “model room” in more scenes, form a new “benchmark”, and promote the development of 5G applications on a large scale. The company will also contribute to the construction of a wise society.

In addition, the concept of AI has been popularized and 5G is rapidly gaining popularity, plus AI, what kind of experience does this combo bring? WiMi conducts research on many application capabilities based on AI, based on 5G+AI empowered industries in the fields of autonomous driving, smart finance, online education, health, smart home, smart manufacturing, etc. And this actually it has a very wide market space. According to international consulting agencies, the market for industry intelligence served by 5G will exceed 700 billion by 2025, with corresponding forecast data for key industries including smart manufacturing, smart transportation, smart home, etc.

In the process of industry promotion, WiMi accelerates the application of 5G” AI in vertical industries, and will deepen cooperation with key industry leaders to jointly play the “team game”, and is committed to speeding up the pilot demonstration of 5G” AI fusion innovation to continuously promote 5G deep plowing, industrial integration and value release. At the same time, this help empowers thousands of industries, for the global traditional enterprises to digitalization, networking, intelligent transformation and upgrading to provide some rich reference practice.

Summary
Because 5G is a game changer in the field of mobile communications, it will also bridge the field of new infrastructure. 5G is highly recognized for its technical impact on emerging industries and the scale of the industry it will take on in the future. To a certain extent, 5G involves a lot of upstream and downstream industry chains, even the consumer side.

The world’s largest 5G mobile network has been completed, AI is also in a critical period of development, the future with the evolution of 5G plus AI technology, more rich and diverse applications will also usher in the explosion. The Ministry of Industry and Information Technology (MIIT) has indicated that it will take a point-by-point approach to accelerate the large-scale application of 5G, continue to deepen innovation in the integration of 5G with artificial intelligence, VR/AR and other technologies, accelerate the integration of 5G with vertical industries such as industry, transportation and education, and establish a number of high-level pioneering application benchmarks to accelerate the promotion of breakthroughs and mature applications.