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BofA Clients Had a Record 23.4 Billion Digital Interactions in 2023

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Real-time alerts offer proactive and personalized insights, helping clients know when to log in and manage their financial lives

CHARLOTTE, N.C., Feb. 12, 2024 /PRNewswire/ — As Bank of America continues to personalize digital banking, clients are more frequently connecting with their finances digitally. In 2023, Bank of America clients connected with their finances more than 23.4 billion times through a combination of digital logins and proactive alerts – an 11% increase year over year and all-time record.

Clients received more than 10.6 billion proactive digital alerts in 2023 – an increase of 12% year-over-year – giving them real-time insight into their financial lives. Bank of America now has 57 million verified digital users, among which more than 35 million have opted to receive these alerts. The most common alerts last year offered insights into account balances, deposit available balances, and virtual debit card usage.Over the course of 2023, clients also logged into their accounts 12.8 billion times to stay on top of their finances – including a record 3.3 billion logins in Q4, up 10% year-over-year. More clients are checking their finances more often, driving the number of active digital clients, those who have used digital in the last 90 days, to a record 46 million active users, up more than 2.2 million year over year.Today, 77% of Consumer and Small Business households actively use Bank of America’s digital platforms, as well as 84% of Wealth Management households, and 75% of business clients.

“Our clients unlocked convenience 23 billion times last year through digital interactions,” said Nikki Katz, Head of Digital at Bank of America.  “Individualized real-time alerts and proactive insights, along with our digital platform overall, help simplify the day-to-day management of finances. This allows our clients to more easily balance life and enjoy the moments that matter.”

In 2023, clients interacted 673 million times with Erica, the most advanced and first widely available virtual financial assistant. This was a 28% increase year-over-year, bringing the total interactions since launch to nearly 1.9 billion. Clients across Bank of America businesses increasingly leverage Erica:

Erica now has 18.5 million active users, a 12% increase year-over-year.Merrill client interactions with Erica exceeded 10 million in 2023.Private Bank clients interacted with Erica a record 700,000 times in 2023, up 35% from the previous year.CashPro Chat integrated Erica in 2023, with 43% of client inquiries now being answered in the app. CashPro clients also received 19.7 million alerts and insights in 2023.

How clients send and deposit money has also continued to shift toward digital:

A record 21.5 million clients now use Zelle®. These clients sent and received 1.24 billion payments worth $373 billion in 2023 – both record highs.Clients sent more than twice as many Zelle transactions as checks written in 4Q 2023.75% of checks to Wealth Management clients were deposited digitally.75% of Business clients were active across CashPro and BA360.

More information on how Bank of America clients are engaging with digital banking is available in the bank’s quarterly Trends in Digital fact sheet.

Bank of America continues to be recognized throughout the industry for its digital leadership, receiving over 120 accolades in 2023. Most recently, Bank of America was named:

Best Mobile Banking Apps by Forbes#1 Overall 4Q 2023 Online Banker Scorecard by Keynova#1 Overall 4Q 2023 Mobile Credit Card Scorecard by KeynovaMerrill Edge Self-Directed was ranked #1 in three categories in the StockBrokers.com 2024 Annual Broker ReviewOverall Client Experience (for the seventh year in a row)Client Dashboard (for the fourth year in a row)for Bank Brokerage (for the tenth year in a row)

Download the Bank of America app or visit bankofamerica.com.

Bank of America

Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 69 million consumer and small business clients with approximately 3,800 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 57 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock is listed on the New York Stock Exchange (NYSE: BAC).

Zelle and the Zelle-related marks are wholly owned by Early Warning Services, LLC and are used herein under license.

For more Bank of America news, including dividend announcements and other important information, register for news email alerts.

Reporters May Contact: 
Andy Aldridge, Bank of America
Phone: 1.980.387.0514
andrew.aldridge@bofa.com

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SOURCE Bank of America Corporation

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Elvis Birthday Celebration tour kicks off at the Miniaci Performing Arts Center January 5th

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This January 8th would have been the King’s Birthday. Gone but never forgotten, his image, music, films and memories live on as a testament to his true effect and influence on his generation and future generations to come. Keeping the memory alive at countless venues throughout the country, Chris MacDonald lovingly shares the magic of the “King of Rock-n-Roll” with his full production tribute Memories of Elvis Rockin Birthday Bash

FORT LAUDERDALE, Fla., Dec. 26, 2024 /PRNewswire-PRWeb/ — Elvis Presley Birthday Celebration Florida Tour kicks off at the Miniaci Performing Arts Center at Nova Southeastern University Davie Campus on January 5th with Chris MacDonald’s Memories of Elvis Rockin Birthday Bash, a multi-media full production tribute celebrating the life and music of the King of Rock-n-Roll.

“Adding to the authenticity of his tribute, Chris has the honor of being the only tribute artist hired by Elvis Presley Enterprises to perform at Graceland’s Heartbreak Hotel.”

This January 8th would have been the King’s Birthday. Gone but never forgotten, his image, music, films and memories live on as a testament to his true effect and influence on his generation and future generations to come. The original American Rock-n-Roll Idol who influenced the Beatles, The Rolling Stones and anyone that has ever picked up a guitar or a microphone since, continues to engage our love affair with his all American story of a shy poor and humble country boy that became the King of Rock-n-Roll. Elvis Presley, recognized by TIME magazine as the “Artist of the 20th Century,” has sold more records than any other artist or group in the history of modern music. Even after death, his image and music continue to be loved and celebrated throughout the world. With the critically acclaimed big screen biopic “Elvis” by director Baz Luhrmann starring Austin Butler as Elvis and Tom Hanks as Colonel Tom Parker, Elvis’s music and charisma are once again in the spotlight for a whole new generation and there’s no sign of the King leaving the building of Rock-n-Roll icon status.

Keeping the memory alive at countless venues throughout the country, Chris MacDonald lovingly shares the magic of the “King of Rock-n-Roll” with his full production tribute Memories of Elvis. Chris’s show is not an overdone impersonation. It is a natural heartfelt tribute to a legendary performer and music icon. With his dynamic production band, Chris MacDonald draws his audience in with the look, sounds, and nuances that made Elvis the King of Rock-n- Roll!

Adding to the authenticity of his tribute, Chris MacDonald has the honor of being the only tribute artist hired by Elvis Presley Enterprises to perform at Graceland’s Heartbreak Hotel. An energetic and experienced entertainer, MacDonald has also starred in the famous “Legends in Concert” stage productions and has performed in Branson, MO, and Las Vegas, NV. Chris has also performed in Concert with Elvis Presley’s original back up group The Jordanaires and D.J. Fontana Elvis original drummer “The Beat Behind The King” at the famous Seminole Hard Rock Live Concert Venue in Hollywood Florida and other venues throughout the country.

With this newly updated production, the show will include costume changes and songs representing the different stages of Elvis’s incredible career including the 1950′s, the Movies, the 1968 Comeback and the 1970′s White Fringe Vegas Concerts. It’s all a part of this fun loving tribute to one of the greatest entertainers of all time.

Get “All shook up” and celebrate the life and music of the King of Rock-n-Roll with Chris MacDonald’s Memories of Elvis Rockin Birthday Bash.

Florida Tour Dates:

January 5, 2025 2pm (Sunday)

Rose and Alfred Miniaci Performing Arts Center

Nova Southeastern University

3100 Ray Ferrero Junior Boulevard,

Davie, FL 33314

Box Office: 954-462-0222

https://www.miniacipac.com/events/detail/chris-macdonalds-memories-of-elvis-rockin-birthday-bash-2025

 

January 16, 2025 7:30 pm (Thursday)

Barbara B Mann Performing Arts Hall

Southwestern State College

13350 FSW Parkway, Fort Myers, FL 33919

Box Office: 800-440-7469 • 239-481-4849

https://www.bbmannpah.com/events/detail/chris-macdonalds-memories-of-elvis-2025-fort-myers

 

January 18, 2025 7:30 pm (Saturday)

Sunrise Theatre

117 S 2nd Street, Fort Pierce, FL 34950

Box office: 772-461-4775

https://www.sunrisetheatre.com/shows/memories-of-elvis-rockin-birthday-bash/

Media Contact

Donna Oz, CME Inc, 1 954341-6005, info@chrismacdonaldselvis.com, https://www.elvispresleystory.com/

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SOURCE CME Inc; CME Inc

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VIVOTEK Wins Double Honors for Its Commitment to Sustainability

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TAIPEI, Dec. 26, 2024 /PRNewswire/ — VIVOTEK (3454-TW), the global leading security solution provider, has once again demonstrated its outstanding commitment to sustainability. Participating for the first time in the 17th Taiwan Corporate Sustainability Awards (TCSA), VIVOTEK emerged victorious, earning the Sustainability Report Award for the Information, Communication, and Broadcasting Industry and the Taiwan Corporate Sustainability Excellence Award. These recognitions showcase VIVOTEK’s remarkable success in corporate governance, environmental protection, and social responsibility, affirming its dedication to sustainable growth.

Pioneering Sustainability with Dual Recognition

“For over seven years, VIVOTEK has independently published sustainability reports, actively driving and disclosing our internal sustainability initiatives.” said Allen Hsieh, VIVOTEK’s Spokesperson and Director of the Global Marketing Division. “These awards not only recognize our integrity and efforts in presenting operational performance, environmental data, and social impact but also serve as a strong motivation for us to continue advancing on the path of sustainable development.”

Driving Sustainability through AI Innovation

VIVOTEK delivers advanced AI-powered security solutions built on cutting-edge AI and edge computing technologies. Beyond innovation, the company drives green initiatives, reduces its carbon footprint, and fosters a sustainable, supportive workplace.

Committed to social responsibility, VIVOTEK leads the security industry’s sustainability efforts through its ‘Safety Map’ initiative. For four years, employees have formed security teams to enhance safety in neighborhoods, care centers, and schools with on-site assessments and improvement plans.

In 2024, VIVOTEK will expand its efforts to Hualien’s Dacheng Village, where it will help improve local safety environments and support cultural preservation and tourism revitalization. These actions reflect its dedication to sustainability, community well-being, and lasting societal contributions.

Security Sustainability as a Foundation for Social Impact

VIVOTEK proudly received two prestigious honors at the Taiwan Corporate Sustainability Awards, highlighting its dedication to sustainable practices. These accolades inspire the company to deepen its internal efforts and mark the start of an exciting new chapter.

Building on this achievement, VIVOTEK aims to strengthen its mission of becoming the world’s most trusted smart security brand. By aligning with global market needs and fostering collaboration with customers, partners, and employees, VIVOTEK is committed to shaping a sustainable future founded on mutual trust and shared success.

To learn more about VIVOTEK’s sustainability initiatives, please refer to the 2023 Sustainability Report.

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SOURCE VIVOTEK Inc.

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WiMi Develops a Quantum Technology-Based Random Access Memory Architecture

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BEIJING, Dec. 26, 2024 /PRNewswire/ — WiMi Hologram Cloud Inc. (NASDAQ: WiMi) (“WiMi” or the “Company”), a leading global Hologram Augmented Reality (“AR”) Technology provider, today announced the development of a Quantum Technology-Based Random Access Memory Architecture, known as QRAM. This architecture successfully implements fundamental logical operations such as AND, OR, NOT, and NOR gates in quantum logic gates by combining key basic operations in quantum computing, such as the CNOT gate, V gate, and V+ gate. Quantum Random Access Memory (QRAM) is a memory architecture specifically designed for quantum computing environments, with the core goal of enabling efficient reading and writing of information while maintaining the state of the quantum system. The design of QRAM is not only intended to leverage the parallel processing capabilities of quantum computing but also to utilize quantum properties such as superposition and entanglement to significantly enhance computational efficiency.

In WiMi’s QRAM architecture, the quantum CNOT gate, V gate, and V+ gate serve as the fundamental operation units. Each quantum operation is equivalent to certain logical operations in classical computing, but simultaneously leverages the properties of quantum states to achieve efficient computation.

CNOT Gate (Controlled-NOT Gate): The CNOT gate is a crucial operation in quantum computing, used to control the relationship between two quantum bits (qubits). In classical computing, this is similar to the function of an XOR gate, but in the quantum environment, it allows qubits to exist in a superposition of states, enabling the simultaneous processing of multiple states.

V Gate and V+ Gate: The V gate and V+ gate are quantum gates used to implement more complex logic. The operations of these two gates are similar to the AND and OR gates in classical computing. However, their advantage lies in the ability to process multiple potential outcomes in the quantum system simultaneously, without the need to evaluate each possibility separately.

By combining these fundamental quantum gates, basic operations in quantum logic such as AND, OR, NOT, and NOR can be successfully implemented. This provides the necessary support for designing complex quantum circuits, while being more flexible and efficient compared to classical logic gates.

One of the major advantages of the QRAM architecture is its full utilization of the properties of quantum superposition and quantum entanglement. In classical computing, memory read and write operations are linear and must be performed sequentially. However, in quantum computing, because qubits can exist in multiple states (superposition), parallel read and write operations can be performed simultaneously. This ability significantly enhances computational efficiency, especially when handling large-scale datasets or complex computational tasks.

Additionally, quantum entanglement enables the correlation between multiple qubits without the need for direct communication, further improving the speed of data transfer and computation. Memory operations with entangled qubits are much faster and more efficient than traditional memory operations, opening up new possibilities for parallel computing.

In WiMi’s QRAM architecture, the entire design logic includes several key steps and technical nodes, such as quantum state-based random access, the introduction of quantum error correction mechanisms, and seamless integration with quantum computers.

The core feature of QRAM is its ability to perform random access within a quantum system. Traditional computer RAM achieves reading and writing to memory units through address buses, data buses, and other components, whereas QRAM accomplishes this process through the states of quantum bits (qubits). By utilizing quantum superposition, multiple addresses can be accessed simultaneously in a single operation. This means that in a QRAM system, data can be accessed in parallel across multiple addresses, greatly improving the efficiency of data operations.

To achieve this, WiMi has designed a system based on CNOT gates, V gates, and V+ gates. These quantum gates allow flexible control over memory access processes while maintaining the quantum state of the system and ensuring the efficient transmission of qubits in an entangled state. Through this system, QRAM not only enables high-speed data reading and writing, but also ensures the reliability and accuracy of information processing.

Furthermore, error correction is crucial in any quantum computing system. Due to the fragile nature of qubit states, even small external disturbances can cause computational errors. Therefore, WiMi’s QRAM architecture incorporates a quantum error correction mechanism to ensure that the qubit states are accurately preserved and transmitted during data reading and writing. This includes an error correction method based on quantum entanglement, where redundant entangled qubits are introduced to detect and correct potential errors. This method not only effectively reduces the impact of external noise on the system but also ensures the stability of data during multiple read operations.

WiMi’s QRAM design is intended to seamlessly integrate with quantum computers. Since quantum computing operations depend on the superposition and entanglement states of qubits, the QRAM system demonstrates high compatibility when interfacing with a quantum processing unit (QPU). The design ensures smooth transmission of qubits between memory and processor during data access, thereby significantly improving computational efficiency.

By utilizing the V gate, V+ gate, and CNOT gate, WiMi’s QRAM system can quickly execute quantum logic operations and, when handling complex computational tasks, can read and write data at near-real-time speeds. This makes QRAM a key component in large-scale quantum computing applications.

The successful development of QRAM technology has had a revolutionary impact across multiple fields. As a critical component of quantum computers, QRAM will significantly enhance the overall performance of quantum computing systems. Its efficient parallel data access capabilities make it especially well-suited for handling large-scale computational tasks such as molecular simulations, climate modeling, and complex optimization problems. By significantly reducing computation time, QRAM will play an indispensable role in the future of high-performance quantum computing.

Another important application of QRAM is in quantum communication and quantum encryption. By leveraging quantum entanglement, QRAM can enable high-speed data transmission while ensuring data security. The non-locality of quantum entanglement guarantees that data cannot be intercepted during transmission, providing a solid foundation for future quantum encryption technologies.

With the development of quantum computing, the field of quantum machine learning has also gradually emerged. QRAM’s efficient data access capabilities make it highly suitable for handling large-scale datasets, enabling model training to be completed in a shorter time. This will significantly advance the development of quantum artificial intelligence, allowing complex machine learning tasks to be solved quickly on quantum computers.

As quantum technology continues to evolve, QRAM, as a core technology, will provide crucial support for the future of quantum computing. WiMi is committed to continuing the development of QRAM technology, continually optimizing its performance, reducing implementation costs, and expanding its applications across various industries.

The successful development of QRAM technology marks an important step in the advancement of quantum computing. As quantum computers progress and quantum technologies mature, QRAM will become an indispensable core component of quantum computing systems. With the ongoing optimization and promotion of this technology, QRAM is expected to bring disruptive innovations across multiple fields and lay a solid foundation for the arrival of the quantum era.

About WiMi Hologram Cloud

WiMi Hologram Cloud, Inc. (NASDAQ:WiMi) is a holographic cloud comprehensive technical solution provider that focuses on professional areas including holographic AR automotive HUD software, 3D holographic pulse LiDAR, head-mounted light field holographic equipment, holographic semiconductor, holographic cloud software, holographic car navigation and others. Its services and holographic AR technologies include holographic AR automotive application, 3D holographic pulse LiDAR technology, holographic vision semiconductor technology, holographic software development, holographic AR advertising technology, holographic AR entertainment technology, holographic ARSDK payment, interactive holographic communication and other holographic AR technologies.

Safe Harbor Statements

This press release contains “forward-looking statements” within the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Among other things, the business outlook and quotations from management in this press release and the Company’s strategic and operational plans contain forward−looking statements. The Company may also make written or oral forward−looking statements in its periodic reports to the US Securities and Exchange Commission (“SEC”) on Forms 20−F and 6−K, in its annual report to shareholders, in press releases, and other written materials, and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. Several factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the Company’s goals and strategies; the Company’s future business development, financial condition, and results of operations; the expected growth of the AR holographic industry; and the Company’s expectations regarding demand for and market acceptance of its products and services.

Further information regarding these and other risks is included in the Company’s annual report on Form 20-F and the current report on Form 6-K and other documents filed with the SEC. All information provided in this press release is as of the date of this press release. The Company does not undertake any obligation to update any forward-looking statement except as required under applicable laws.

 

 

 

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SOURCE WiMi Hologram Cloud Inc.

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