Technology

WiMi is Working on a Blockchain-Enhanced Federal Learning Privacy-Preserving Mechanism

Published

3 hours ago

November 1, 2024

BEIJING, Nov. 1, 2024 /PRNewswire/ — WiMi Hologram Cloud Inc. (NASDAQ: WIMI) (“WiMi” or the “Company”), a leading global Hologram Augmented Reality (“AR”) Technology provider, today announced that it is working on the Federal Learning on Blockchain (FLoBC), aiming to address two core challenges in the current data science field by integrating cutting-edge advances with blockchain technology and federated learning. The two challenges are data privacy protection and efficient training of large-scale machine learning models.

Federated learning is a distributed machine-learning approach that allows models to be trained collaboratively without directly exchanging or centralizing raw data. This mechanism effectively protects user privacy by performing local model training on each participating node (e.g., mobile devices, enterprise servers, etc.) and sharing only updates to model parameters rather than raw data. However, the traditional federated learning framework faces problems such as inefficient communication and slow model convergence when facing large-scale, decentralized datasets, which is the key breakthrough direction of the blockchain-based federated learning framework researched by WiMi.

Blockchain technology, with its tamper-proof, transparent and distributed nature, provides a new foundation of trust for data sharing and transactions. In the blockchain-based federated learning framework, blockchain not only serves as a distributed ledger to record every transaction of model update to ensure the transparency and verifiability of the training process, but also automates the management of verification, integration and incentive mechanism of model update through smart contracts, which facilitates collaboration and trust building in a decentralized environment.

The blockchain-based federated learning framework utilizes the distributed nature of blockchain networks to design an efficient set of inter-node communication protocols and task scheduling algorithms that enable multiple nodes to process different parts of model training in parallel, significantly accelerating the training process. This mechanism is particularly suitable for processing large datasets and optimises computational resources.

In addition, by constructing an autonomous learning network without a central coordinator, the blockchain-based federated learning framework ensures system resistance to a single point of failure. Each participating node can independently validate model updates, maintaining the consistency and stability of the entire network.

WiMi’s blockchain-based federated learning framework has a wide range of applications, involving sensitive data and large-scale model training, from financial risk control, and healthcare data analysis to personalized recommendation systems. However, many technical challenges need to be overcome to realize this vision, including improving cross-chain interoperability to expand data sources, enhancing encryption algorithms to protect the privacy of model updates further, and optimizing incentives to attract more participants to join the federated learning network.

The blockchain-based federated learning framework is not only an attempt to deeply integrate the existing federated learning and blockchain technologies, but also a forward-looking response to the demand for privacy protection and efficient computation in the future data economy. It integrates the advantages of federated learning to protect data privacy by training models locally with the decentralized and transparent characteristics of blockchain, and creates an innovative path to maximize data value under the premise of protecting data privacy by ensuring the credibility of model updates, establishing an effective incentive mechanism, and strengthening security, which is the cutting-edge direction for the integration of current data science and privacy protection technologies. With the continuous development of technology and the deepening of application exploration, the blockchain-based federated learning framework is expected to become an important driving force to promote the development of artificial intelligence and data science.

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.

Technology

Paving the Way for EV Battery Workforce Education: Stellantis Supplies 12 New Ram ProMaster Electric Vans to Battery Workforce Challenge Teams

Published

28 seconds ago

November 1, 2024

AUBURN HILLS, Mich., Nov. 1, 2024 /PRNewswire/ — Participants from the Battery Workforce Challenge collegiate competition, a public-private partnership between the U.S. Department of Energy (DOE), Stellantis, and Argonne National Laboratory, gathered today to hand over the keys for 12 new 2024 Ram ProMaster electric vans. Chris Feuell, Chrysler and Ram Brand CEO, and Mark Champine, Stellantis Senior Vice President, Head of North America Engineering Technical Centers were on hand to distribute the ProMaster EV keys to students who will design, build, test, and integrate an advanced battery pack for the ProMaster EV vans. The 2024 Ram ProMaster EV is designed specifically for electrification with a unibody design that efficiently incorporates the production battery pack. Useful as a commercial work van, this application serves as an exciting opportunity for students to design batteries for bigger vehicles.

Started in 2023, the Battery Workforce Challenge partners 12 North American university teams with local community colleges selected through an elite, competitive process. Participating students receive hands-on learning and work closely with industry experts to tackle one of the most relevant real-world engineering challenges facing the automotive industry.

“The Battery Workforce Challenge students continue to impress us with their creative ideas and overall EV knowledge as we’ve seen during this week’s fall workshops,” said Micky Bly, Stellantis senior vice president and head of Global Propulsion Systems. “I look forward to continuing to work with the students as they become workforce-ready EV experts.”

The 12 student engineering teams gathered in Bloomfield Hills outside of Detroit this week to continue their EV learning journey with four days of learning and collaboration with EV experts.

“The Battery Workforce Challenge teams will develop engineering and manufacturing skill sets to prepare them for high-quality jobs building the batteries of the future right here in the United States,” said Jeffrey Marootian, Principal Deputy Assistant Secretary in the Office of Energy Efficiency and Renewable Energy at the US Department of Energy. “The ability for the teams to experience hands-on learning working with the Ram ProMaster EVs is essential to the EV workforce of the future and advancing EV transportation technologies.”

The competition will end in 2026, with winning teams receiving dozens of annual engineering and sponsor-related category awards; $100,000 in industry-provided prize money; and invaluable real-world experience working with industry leaders.

Selected university and vocational partners are:

California State University, Los Angeles (Los Angeles, California) and Cerritos College (Norwalk, California)Clemson University (Clemson, South Carolina) and Greenville Technical College (Greenville, South Carolina)Colorado School of Mines (Golden, Colorado) and Arapahoe Community College (Littleton, Colorado)Jackson State University (Jackson, Mississippi) and Hinds Community College (Utica, Mississippi)McMaster University and Mohawk College (Hamilton, Ontario, Canada)The Ohio State University and Columbus State Community College (Columbus, Ohio)Rose-Hulman Institute of Technology and Ivy Tech Community College (Terre Haute, Indiana)University of Alabama and Shelton State Community College (Tuscaloosa, Alabama)University of California, Merced and Merced College (Merced, California)University of Michigan-Dearborn and Henry Ford College (Dearborn, Michigan)University of Nevada, Las Vegas (Las Vegas, Nevada) and College of Southern Nevada (Clark County, Nevada)University of Waterloo (Waterloo, Ontario, Canada) and Lambton College: Lambton Energy Research Centre (Sarnia, Ontario, Canada)

About the Ram ProMaster EV

With a targeted range of up to 162 miles in-city driving, the new Ram ProMaster EV is the brand’s first available fully electrified vehicle.

Two mission-specific configurations will be available, including the delivery model and two cargo models. The Ram ProMaster EV cargo model will be available in two configurations, including a 12-foot cargo length and an extended 13-foot cargo length (both with 159-inch wheelbases).

ProMaster EV’s battery is positioned under the floor in the center of the vehicle, which maintains a flat floor while cargo volume is unchanged from internal combustion engine vehicles.

Stellantis North America
Stellantis (NYSE: STLA) is one of the world’s leading automakers and a mobility provider. In North America, it’s best known for producing and selling vehicles in a portfolio of iconic and award-winning brands such as Jeep®, Chrysler, Dodge, Ram, Alfa Romeo and Fiat.

Powered by its diversity, Stellantis leads the way the region and the world move – aspiring to become the greatest sustainable mobility tech company, not the biggest, while creating added value for all stakeholders as well as the communities in which it operates.

Battery Workforce Challenge
The collegiate competition is part of DOE’s broader Battery Workforce Challenge Program, which also includes regional training with vocational and community colleges; STEM youth education; and an online tool for career and technical education. The program is dedicated to cultivating a diverse cohort of skilled engineers, technicians and workers to propel domestic battery technology forward.

Follow the Battery Workforce Challenge on social media:
LinkedIn: https://www.linkedin.com/company/battery-workforce-challenge/
Instagram: https://www.instagram.com/battchallenge/
Facebook: https://www.facebook.com/BattChallenge

Follow the U.S. DOE:
LinkedIn: https://www.linkedin.com/showcase/eeregov/

Follow Stellantis:
LinkedIn: https://www.linkedin.com/company/Stellantis

Media Contacts:
Kimberly DeClark, Argonne National Laboratory, kdeclark@anl.gov, 202-441-0096
Dan Reid, Stellantis, dan.reid@stellantis.com, 248-202-7697

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SOURCE Battery Workforce Challenge

Technology

The 2024 Presidential Election: What Could It Mean for Your Financial Plan?

Published

30 seconds ago

November 1, 2024

With the upcoming election, individuals must brace for potential economic shifts and policy changes that could affect their financial strategies.

PORT CHARLOTTE, Fla., Nov. 1, 2024 /PRNewswire/ — The 2024 presidential election is creating a buzz not just in political circles but also in the financial world. With policy changes expected to follow the election, many individuals are left wondering how the result will impact their personal financial plans. Nikki Ockenden, RFC®, Managing Partner at Precise Financial Solutions, sheds light on how election outcomes often affect financial markets and individual strategies. “Election cycles bring uncertainty, and with uncertainty comes market volatility,” says Ockenden. “It’s important for individuals to remain vigilant and consider how potential shifts in policy could affect their financial standing.”

Tax policy, in particular, is an area of concern. Both candidates have signaled that changes to the tax code are likely to be on the agenda after the election. “The outcome of the election could have significant implications for tax rates, especially for higher-income earners,” Ockenden explains. “For those in higher tax brackets, this could mean revisiting their financial strategies, particularly in terms of estate planning and capital gains taxes.”

However, Ockenden advises caution against making hasty decisions based on election results. “It’s natural to want to react to the market and policy changes quickly, but financial planning should always be grounded in long-term goals,” she says. “Yes, the election will cause fluctuations, but those who have a solid, well-diversified plan will be better equipped to weather any short-term turbulence.”

In addition to tax changes, the election could also bring new policies affecting healthcare and Social Security, both of which are critical considerations for retirees. “We’ve seen in past elections that campaign promises often translate into legislative action, so it’s important to stay informed and prepared,” Ockenden concludes. “But ultimately, your financial plan should be built to withstand these changes without needing drastic adjustments every four years.”

Media Contact:
Sal Velazquez
(888) 297-8237
385797@email4pr.com

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SOURCE Precise Financial Solutions

Technology

How Retinol Night Cream Transforms Your Skin While You Sleep

Published

31 seconds ago

November 1, 2024

NEW YORK, Nov. 1, 2024 /PRNewswire/ — Best Skincare is excited to introduce the Ella Retinol Night Cream, a luxurious nighttime formula designed to rejuvenate skin overnight. Formulated with a high concentration of retinol and hydrating botanicals, this cream is engineered to reduce fine lines, smooth texture, and even skin tone – all while users sleep soundly.

The Ella Retinol Night Cream combines premium-grade retinol with a soothing blend of aloe vera, shea butter, and chamomile, ensuring maximum results with minimal irritation. “Our customers wanted a retinol cream that delivers visible results without causing dryness or sensitivity,” said a Best Skincare spokesperson. “With Ella Retinol Night Cream, they can experience these benefits in a gentle, hydrating formula that leaves skin soft and refreshed by morning.”

The star ingredient, retinol, is renowned for stimulating collagen production and increasing cell turnover. The Ella Retinol Night Cream uses this powerhouse ingredient alongside nourishing elements like hyaluronic acid, green tea, and avocado oil to deeply hydrate and calm the skin.

A third-party skincare expert endorses the use of retinol in a nighttime routine, emphasizing, “Retinol works best when paired with calming ingredients like aloe and shea butter, especially for those with sensitive skin. Best Skincare’s Ella Retinol Night Cream provides an effective, balanced approach, allowing users to enjoy age-defying results comfortably.”

The Ella Retinol Night Cream is packed with ingredients to deliver a comprehensive anti-aging effect:

Powerful Wrinkle Reduction: Retinol works to minimize fine lines and wrinkles by promoting collagen production.Moisturizing Blend: Aloe vera, shea butter, and avocado oil deeply hydrate, leaving skin soft and supple.Skin Brightening: Fades dark spots and evens skin tone, revealing a brighter complexion.Nourishing & Calming: Chamomile and green tea soothe the skin, making it ideal for nighttime rejuvenation.

“Transform your skin overnight with the Ella Retinol Night Cream,” says Best Skincare. “Wake up to skin that looks visibly smoother, healthier, and more youthful.”

For those ready to enhance their skincare regimen, Best Skincare’s Ella Retinol Night Cream is now available at Best Skincare.

Media Contact: support@bestskincare.ca

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SOURCE Best Skincare