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

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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.

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Technology

Drones: The Game-Changer in Global Market Dynamics

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8 mins ago

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November 1, 2024

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“Drone technology refers to flying machines that operate without a pilot on board. They can take pictures, deliver packages, monitor crops, and perform various tasks. Drones are useful for saving time and reaching difficult places, but there are rules to ensure they are used safely.”

BOSTON, Nov. 1, 2024 /PRNewswire/ — “According to the latest study from BCC Research, Drone Technology and Global Markets was valued at $30.4 billion in 2023. The market is projected to grow from $33.9 billion in 2024 to $61.2 billion by the end of 2029, at a compound annual growth rate (CAGR) of 12.6% from 2024 through 2029.”

This report looks at drone technology, covering the three types of drones: fixed-wing, rotary-blade, and hybrid models. It categorizes drones into unmanned aerial vehicles (UAVs), unmanned underwater vehicles (UUVs), unmanned ground vehicles (UGVs) and unmanned surface vehicles (USVs).

It also explores how drones are used in defense, business, government, and personal settings. The report analyzes the market by region, including North America, Europe, Asia-Pacific, Latin America and the Middle East.

Additionally, it examines the drivers of the drone market, focusing on current trends. Finally, the report profiles leading companies in the drone industry. The study uses 2023 as the base year for data and includes forecasts for 2024 to 2029.

Interesting and surprising facts:

Three Ways Drones Are Changing the World

Drone Racing: The New Thrill Sport
Drone racing is becoming increasingly popular. Pilots wear special goggles to fly drones at speeds over 100 mph through obstacle courses, usually indoors. This thrilling sport has gained global attention, with professional leagues and players vying for big cash prizes.Uncovering Ancient Secrets with Drones
Archaeologists are using drones to find and explore ancient sites. Equipped with special sensors, drones can detect hidden structures beneath vegetation or soil. This technology has led to discoveries of unknown historical sites and revolutionized archaeological surveys.Drone Teams: Working Together
Technology inspired by nature enables drones to work together, like birds or insects, to complete tasks. These “drone swarms” can help with search-and-rescue missions, and can also monitor the environment. This innovative technology is changing the way drones are used.

To further explore the subject matter and to attain a deeper understanding of the market’s dynamics and growth opportunities, click here.

Factors contributing to the growth of the drone market include:

Technological advances in drone technology.: Technological advances are making drones faster, smarter and more capable. These improvements include better cameras for clearer images, advanced sensors for detecting obstacles, longer battery life for extended flying time, and software that allows drones to fly autonomously or follow specific paths. These advancements extend the ways in which drones can be used in delivery, agriculture and surveillance.Increasing cost efficiency.: Using drones can reduce the amount of labor and time needed for tasks like surveying land or delivering packages. This helps businesses spend less while improving their services.Proliferation of 5G technology and cloud computing.: Faster internet (5G) and online storage and services (cloud computing) are becoming widely available. This allows enables drones, to connect and share data quickly and easily. It improves communication, enhances real-time processing, and enables more advanced applications for technology in everyday life.Enhanced public perception and awareness.: More people are becoming informed about drones and their uses. As people learn about the benefits of drones including delivering packages, monitoring crops, and helping in emergencies—they are more likely to view them positively and accept their use in everyday life.Strategic investments and partnerships.: Companies are increasingly working together and investing money to achieve shared goals. For example, a tech company might partner with a drone manufacturer to develop new technology. These collaborations help businesses grow, innovate, and access new markets more effectively.

 

Request a Sample Copy of the Drone Technology and Global Markets

Report Synopsis

Report Metrics

Details

Base year considered

2023

Forecast period

2024-2029

Base year market size

$30.4 Billion

Market size forecast

$61.2 Billion

Growth rate

CAGR of 12.6% from 2024 to 2029

Segments covered

By offering, product segment, Drone Type, Application,
and Region

Regions covered

North America, Europe, Asia-Pacific, and Rest of the
World, which consists of the Middle East and Africa, and
Latin America

Countries covered

U.S., Canada, Germany, France, Italy, U.K., China, Taiwan,
South Korea, and India

Key market drivers

•  Technological advances in drone technology

•  Increasing cost efficiency

•  Proliferation of 5G technology and cloud computing

•  Enhanced public perception and awareness

•  Strategic investments and partnerships

 

This report answers the following questions:

What is the projected market size and growth rate of the market?
The market is projected to reach $61.2 billion by 2029, growing at a CAGR of 12.6%.What segments are covered in the market?
The drone market is segmented by:
Offering.
Product.
Type of drone.
Application.
Region.Which type of drone will dominate the market by the end of 2029?
Unmanned aerial vehicles (UAVs) are expected to dominate the market by the end of 2029.

Some of the Key Market Players Are:

AEROVIRONMENT INC.AIRBUSBOEINGDELAIRDJIDRAGANFLY INNOVATIONS INC.DRONE DESTINATION LTD.DRONE HARMONY AGDRONEVOLTEHANGFREEFLY SYSTEMSHUBSANIDEAFORGE TECHNOLOGY LTD.INSITUINSIDEFPV VENTURES PVT. LTD.KESPRYMMCPARROT DRONE SASPOWERVISION INC.SKYDIO INC.YUNEEC

Other related reports

Robotics: Technologies and Global Markets: This study of robotic systems explores how they are used around the world in manufacturing, healthcare and entertainment. The market looks at trends, demand, and how much money is being spent on robots, highlighting their growing importance in everyday life.

Delivery Drones: Global Markets and Technologies: This report focuses on drones designed for delivering packages. It examines how these drones work, the technology behind them, and their increasing use in many countries. The market analysis shows how much people and businesses are investing in delivery drones and explores their potential to change how we receive goods in the future.

Directly Purchase a copy of the report from BCC Research.

For further information on the subject matter or to purchase the report, please contact info@bccresearch.com.

About BCC Research
BCC Research market research reports provide objective, unbiased measurement and assessment of market opportunities and help readers make informed business decisions, free of noise and hype.

Contact Us
Corporate HQ: 50 Milk St. Ste 16, Boston, MA 02109, USA

Email: info@bccresearch.com,

Phone: +1 781-489-7301

For media inquiries, email press@bccresearch.com or visit our media page for access to our market research library.
Any data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher.

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Technology

REDARC to Showcase Sandy Vans Adventure Van with Advance Electrical Systems at 2024 SEMA Show

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8 mins ago

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November 1, 2024

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REDARC to showcase new rig by Sandy Vans at 2024 SEMA Show.

LAS VEGAS, Nov. 1, 2024 /PRNewswire-PRWeb/ — Sandy Vans, a leader in luxury adventure van builds and innovative van products, is excited to announce that REDARC Electronics will be showcasing one of their fully outfitted adventure vans at the 2024 Specialty Equipment Market Association (SEMA) Show. The event is set to take place from November 5th to November 8th at the Las Vegas Convention Center. This Sandy Vans custom build features REDARC’s complete suite of advanced electrical systems, highlighting their seamless integration and performance in a high-end adventure van.

“We are thrilled that REDARC has chosen to showcase our build at their booth, and we’re proud to see our designs paired with their industry-leading electrical systems.”

Located in the West Hall booth #60123, REDARC will be exhibiting this collaborative build, demonstrating how their cutting-edge electrical solutions enhance the ultimate outdoor experience in a Sandy Vans adventure van.

“SEMA is the premier stage for innovative partnerships and leading-edge products,” said Alan Mondus, Co-Founder and CEO of Sandy Vans. “We are thrilled that REDARC has chosen to showcase our build at their booth, and we’re proud to see our designs paired with their industry-leading electrical systems.”

Discover the Ultimate Adventure Van Experience at SEMA

Attendees are encouraged to stop by REDARC’s booth in the West Hall for an up-close look at the collaborative van build and to learn more about the advanced electrical integration. Experience first-hand how Sandy Vans and REDARC bring together design and technology for the ultimate adventure experience.

To learn more about Sandy Vans and their latest builds, visit www.sandyvans.com.

For wholesale inquiries, please email contact@sandyvans.com or call the Sandy Vans Team at 619-812-1903.

About Sandy Vans

Sandy Vans, based out of San Diego, specializes in crafting luxury adventure vans and products that fuse comfort, freedom, and adventure. Known for their meticulous designs and top-quality materials, Sandy Vans is committed to a lifestyle that’s “Focused on Living.” Their offerings include expertly converted adventure vans and innovative products such as the Boost Box. Sandy Vans consistently delivers high-quality solutions for adventurers who seek comfort and reliability on the open road. Learn more at www.sandyvans.com.

About REDARC

For over 45 years, REDARC has been a trusted name in towing and power management solutions, allowing adventurers to bring the comforts of modern living to the most remote locations. With products engineered, tested, and manufactured in Australia, REDARC delivers power systems that charge and manage batteries through vehicle, solar, or utility power. These systems power everything from essential safety equipment to household appliances, making outdoor adventures safer, longer, and more enjoyable. Whether you’re camping, towing, overlanding, or working, REDARC ensures that you have the power to enjoy your outdoor experience with confidence.

About SEMA and the SEMA Show

The SEMA Show, organized by the Specialty Equipment Market Association (SEMA), is an annual event that brings together manufacturers, buyers, and industry leaders within the automotive specialty equipment industry. Since 1967, the SEMA Show has been the premier platform for showcasing products that enhance the styling, functionality, comfort, and safety of vehicles. More information is available at www.semashow.com or www.sema.org.

Media Contact

Alan Mondus, Sandy Vans, 1 619-812-1903, Marketing@sandyvans.com, Sandyvans.com

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SOURCE Sandy Vans

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Technology

Gestalt and Paige Partner to Enhance Digital Pathology Workflows with Integration of Advanced AI Algorithms

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8 mins ago

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November 1, 2024

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SPOKANE, Wash. and NEW YORK, Nov. 1, 2024 /PRNewswire/ — Gestalt, a leader in digital pathology solutions, and Paige, the leader in next-generation AI technology for pathology, are excited to announce a strategic partnership to integrate Paige’s advanced AI applications within Gestalt’s award-winning PathFlow solution. This collaboration aims to streamline the delivery of integrated workflows, optimizing the pathologist’s experience while ensuring patient accuracy and safety by working in a single environment.

“This partnership underscores our dedication to enhancing the pathologist’s experience.”

Gestalt’s PathFlow is widely recognized for its robust capabilities in primary diagnosis, education, resident training, and research workflows. By incorporating Paige’s cutting-edge algorithms, the PathFlow solution will now offer an even broader range of tools to support pathologists in delivering precise and efficient diagnoses.

All of Paige’s AI applications will be made available in PathFlow, enabling both current and new users to seamlessly access AI-powered diagnostic capabilities. This integration supports more efficient case reviews, accelerates diagnostic timelines, and promotes a comprehensive approach to cancer detection.

Key Highlights of the Partnership:

Enhanced Diagnostic Confidence: The integration of Paige’s AI applications will provide pathologists with powerful tools to improve diagnostic confidence and patient outcomes.Streamlined Workflows: The combined technologies will ensure seamless workflows, reducing the time and effort required for pathologists to reach diagnoses.Comprehensive Support: PathFlow’s expanded algorithm library will cater to a wide range of use cases, benefiting both current and future customers.Paige’s availability through PathFlow’s platform will allow easy access to Paige AI solutions for any Gestalt user.

“By partnering with Paige to include their AI applications in PathFlow, we are reinforcing our commitment to providing pathologists with the best tools available,” said Lisa-Jean Clifford, COO & Chief Strategy Officer of Gestalt. “This partnership underscores our dedication to enhancing the pathologist’s experience and ensuring the highest standards of patient care.”

“Leveraging Paige’s AI-powered applications, PathFlow users can experience an enhanced workflow that supports efficient case review, accelerates time to diagnosis, and allows for a more comprehensive approach to cancer detection, enabling pathologists to focus on what matters most—delivering precise and actionable insights for patient care,” said Peter Hamilton, General Manager for Diagnostics at Paige.

For more information about this partnership and the respective solutions, please visit Gestalt at booth #107 and Paige at booth #113 during the Pathology Visions Conference November 3-5, 2024.

About Gestalt Gestalt Diagnostics transforms pathology through an intelligent, configurable, vendor-neutral, and AI-driven digital workflow that provides true interoperability enabling pathologists to diagnose* diseases faster and more efficiently. Our PathFlow solution consists of professional, education, and research modules for ease of mixing and matching the digital needs of your facility in a single solution, freeing pathologists from tedious, repetitive, and manual tasks, allowing them to focus on their expertise – providing invaluable experience where it matters most. To learn more, visit www.gestaltdiagnostics.com and follow @Gestalt on LinkedIn.

About Paige
Paige is pushing the boundaries of AI to solve cancer’s most critical issues, revolutionizing cancer care with next-generation technology. By leveraging exclusive access to millions of digitized pathology slides, clinical reports, and genomic data, Paige gains a holistic understanding of cancer, encompassing diverse factors such as gender, race, ethnicity, and geographical regions. This comprehensive data enables Paige to create advanced AI solutions that redefine cancer detection, diagnosis, and treatment. With a unique, intricate understanding of tissue, Paige sets new standards in precision diagnostics, earning the distinction of being the first FDA-approved AI application in pathology. Paige has also developed the first million-slide foundation model for cancer, continuing to lead the way in uncovering novel insights and transforming them into life-changing products. For more information, visit www.paige.ai.

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SOURCE Gestalt Diagnostics

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