HONG KONG, Aug. 27, 2021 (Globe NEWSWIRE) — Lately, TickerWin, the major industry exploration agency, has released a research report “VIYI Algorithm Services, Offers Data Management Remedies, Will Be Mentioned By the Combination of SPAC and Venus”. With the advancement of the financial state and the world-wide-web sector, the global expending on IT carries on to maximize and the central processing algorithm company has a massive home for development in the online market. With the emphasis on productive procedure and refined management of algorithmic providers, enterprises have expanding calls for for central processing algorithms built-in alternatives and substantial price-extra companies methods. With the diversified enhancement of the online market, there will be increasing requirements for software scenarios of central processing algorithms. The central processing algorithm products and services will be used in many industries, such as advertising and marketing, game titles, finance, industrial world wide web, telecommunications, strength, logistics, urban management, biomedical, social security and leisure and leisure.
In accordance to the report, Venus Acquisition Company (“Venus”), a publicly traded specific purpose acquisition firm, and VIYI Algorithm Inc. (“VIYI Algo”), a Cayman Islands exempted firm running in China, announced today that they have entered into a definitive merger arrangement. A freshly produced merger subsidiary of Venus will be merged with and into VIYI Algo with VIYI Algo being the surviving entity and turning into a wholly owned subsidiary of Venus. On closing of the transaction, Venus will transform its title to MicroAlgo Inc.
The merger is structured as a stock for stock transaction and is supposed to qualify as a tax-absolutely free reorganization. The conditions of the merger present for a valuation of VIYI Algo and its subsidiaries and companies of US $400,000,000.
VIYI is focused to the improvement and application of bespoke central processing algorithms. VIYI offers in depth methods to prospects by integrating central processing algorithms with program or hardware, or both of those, therefore helping them to maximize the quantity of prospects, increase conclusion-person pleasure, accomplish direct value discounts, lessen electric power consumption, and accomplish technical goals. The selection of VIYI’s providers features algorithm optimization, accelerating computing ability without the require for components updates, lightweight details processing, and details intelligence services. VIYI’s capacity to effectively provide computer software and hardware optimization to clients by means of bespoke central processing algorithms serves as a driving drive for VIYI’s long-time period improvement.
At this time, VIYI is focused on producing and providing central processing algorithm remedies to prospects engaged in web advertisement and gaming, and smart chips. Furthermore, VIYI’s purchaser foundation is speedily rising due to a general demand for more successful facts processing in a variety of industries driven by the rising internet populace and prevalence of AI. In accordance to the CIC Report, earnings of central processing algorithm services derived from net advertisement and on line gaming by yourself grew from RMB 2.2 billion in 2016 to RMB 6.9 billion in 2020, representing a CAGR of 32.7%. This industry is predicted to sustain a swift advancement pattern, expanding at a CAGR of 15% all through the period of time from 2020 to 2025.
In the mid-to-very long expression, VIYI will keep on to adhere to its strategic attitude. By strengthening on just about every iteration of VIYI’s a single-cease clever information administration answers built possible by its proprietary central processing algorithm services, VIYI can help prospects to boost their assistance efficiency and make product improvements in business, and actively increase the business price of the central processing algorithm services in the typical field of knowledge clever processing sector.
Custom-made central processing algorithm answers in a assorted vary of scenarios, serving prospects in a numerous and rising variety of industry verticals
VIYI’s varied selection of clients from a number of industries is proof that its central processing algorithm technologies is very flexible, which permits VIYI to make sure a regular stream of revenue from a variety of resources. VIYI largely supplies central processing algorithm remedies to company consumers in three marketplace verticals: web ad, gaming, and intelligent chips, which translate to a variety of clients like advertisement integration companies, match builders and distributors, electronics brands, net facts infrastructure support companies, and intelligent chip designers and integrators. Acquiring the capability to provider clients from a selection of industries functions to VIYI’s advantage for the reason that it can derive small business from several field sources to assure a stream of earnings even when one industry faces downturns.
Normally, the central processing algorithm providers of VIYI realize computing ability acceleration, electronic lightweight processing, and intelligent facts management and processing. These enhancements assist VIYI’s prospects grow and enrich their businesses’ operational top quality and total efficiency. Presently, VIYI’s central processing algorithm options have the following applications to its present main clients:
- For prospects in the internet advertisement market, VIYI’s proprietary central processing algorithms make it possible for them to proficiently optimize advertisement content, match internet visitors, and produce specific commercials to maximize conversion price
- For shoppers in the gaming market, VIYI presents a system for distributing video games augmented by cloud-based software package and hardware optimization and acceleration, dynamic video games advertising and marketing based mostly on gamer desire, and lightweight info processing options to enhance VIYI’s customers’ profits
- For clients in the smart chip business, VIYI offers benefit-added information processing options and optimized components for extra effective info products and services, advertising VIYI’s customers’ efficiency in producing new technologies.
In addition, thanks to the versatility of VIYI’s central processing algorithm alternatives and VIYI’s verified determination to investigation and growth, VIYI is perfectly-positioned to continue expanding its buyer base to get to clients from a broader vary of industries that are reforming the way they do business as a end result of the quickly producing info technologies, prevalence of smart telephones and 5G connectivity, AI, massive data, IoT and cloud computing. In accordance to the CIC Report, sector verticals these kinds of as government, finance, health care, production, training, and cultural media need superior info processing and management capabilities from an world wide web advertisement point of view. VIYI thinks that its highly functional central processing algorithm answers will be preferably suited to meet people needs.
VIYI plans to grow its central processing algorithm options to address far more applications and enhance marketing endeavours aimed at distinct industries.
VIYI strategies to broaden the selection of VIYI’s central processing algorithms’ application for use in cell world wide web, finance, governing administration, manufacturing, and other industries in which there is an raising need for information management and processing effectiveness, in accordance to the CIC Report. Even though concentrating on VIYI’s shoppers in world-wide-web advertisement, gaming, and clever chips to make profits, VIYI intends to branch out in accordance with marketplace traits and carry on to increase the software and platform of VIYI’s central processing algorithm answers continually with this enhancement strategy. In so doing, VIYI intends to increase VIYI’s built-in products and services crafted upon VIYI’s proprietary central processing algorithms to penetrate industries together with:
- Government cloud computing
- Production field
- Financial technological know-how
- Clinical cloud computing
- Smart transportation
- PaaS 3D and
- Central processing algorithm cloud company for company (SAAS) marketing and advertising.
At current, the growth of artificial intelligence is in the third wave. The critical element of this wave is the gradual implementation of artificial intelligence application situations carefully connected with companies, and enterprises with innovative algorithms and robust computing capabilities turn into the most critical promoters. The smart chip optimization options of central processing algorithms will be widely applied and designed in the artificial intelligence sector that demand significant amount of money of knowledge processing and examination, this sort of as smart town, clever producing, good developing, wise community, sensible health care, sensible transportation and other software fields.
According to the CIC Report, benefiting from the enhancement of IoT, cloud computing technology and the expanding federal government expenditure, China’s synthetic intelligence market place measurement is in the course of action of fast growth, and it is expected that the scale of main industries will attain RMB 400 billion by 2025, with an enhance of RMB 350 billion from 2020 to 2025. The progress of artificial intelligence sector will push the improvement of the central processing algorithm smart chip optimization remedy industry.
According to the “Notice on the Improvement Approach for New Era of Synthetic Intelligence” issued by the State Council, by 2020, the AI technological innovation and software will be synchronized with the world wide typical. The scale of core industries will achieve RMB 150 billion, and the scale of similar industries will exceed RMB 1 trillion by 2025, AI will be widely made use of in industries such as clever towns, wise health care and sensible agriculture, with an expected industrial scale reaching RMB 400 billion and the scale of procedure of connected industries exceeding RMB 5 trillion and by 2030, a entire AI industrial chain and significant-end industrial teams will type, with the main industries achieving a scale of RMB 1 trillion and the creation value of similar industries exceeding RMB 10 trillion.
In the potential, IoT will give a lot more knowledge collection terminals, which tremendously boosts the details quantity large knowledge gives data resources for synthetic intelligence, cloud computing supplies a bodily provider for artificial intelligence, and 5G minimizes the latency of knowledge transmission and processing. Driven by rising systems, the desire for chips proceeds to develop.
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Terry Chan, Head of Analysis Dept
TickerWin Market Exploration
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