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WiMi Hologram Cloud Developed A Convolutional Neural Network-based Face Recognition Algorithm

WiMi Hologram Cloud Developed A Convolutional Neural Network-based Face Recognition Algorithm

BEIJING, June 2, 2023 /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 face recognition algorithm system based on convolutional neural networks. It uses the gray value features of face pixels to extract all feature information in the image with its powerful learning capability, thus avoiding information loss. The system uses a combination of three methods, namely local perceptual field, weight sharing, and pooling, to improve the algorithm's performance and reduce the order of magnitude of the weight parameters, reducing the complexity of training the convolutional neural network model. The system uses multiple convolutional and pooling layers to extract and reduce the dimensionality of the input image to obtain a high-dimensional feature representation of the image. For face images, the convolutional neural network can learn the features such as contour, texture, and color of the face, thus improving the accuracy and efficiency of face recognition.

WiMi's face recognition algorithm system automatically learns the high-level features of the image, improving the accuracy and robustness of face recognition. Its training is performed end-to-end, from the original image to extract features gradually and finally outputting classification results. This training method can automatically learn the relationship between features and perturb and transform the training data by data augmentation, thus increasing the diversity and amount of data, improving the robustness of the face algorithm, and applying it to face recognition tasks of different scales and complexity. In addition, the system uses hardware acceleration such as GPU to achieve high recognition speed and meet the recognition real-time requirements.

Face recognition technology is an advanced recognition technology with unique nature and prominent position in biometric technology, which can play an efficient role in more and more fields. Compared with other recognition methods, the face recognition method is relatively friendly, and recognition is fast and accurate, and with the continuous development of computer technology, face recognition technology is also becoming more and more mature.

In face recognition technology, the accuracy of recognition is one of the core measures, and the complexity of the shooting environment, such as changes in facial expression, posture, and visibility, makes face recognition technology encounter various challenges in the practical application process.

The convolutional neural network-based face recognition algorithm has become one of the most effective face recognition technologies and is widely used in medical, retail, financial, and other industries. It is foreseeable that WiMi's face recognition algorithm should have a vast market prospect and huge development potential in the future.

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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