BEIJING, April 14,
2023 /PRNewswire/ -- Baijiayun Group Ltd ("Baijiayun"
or the "Company") (Nasdaq: RTC), a video-centric technology
solution provider with core expertise in SaaS/PaaS solutions, today
announced that the Company is to introduce a range of artificial
intelligence generated video ("AIGV") and content ("AIGC")
solutions targeted to the needs of several strategic sectors.
"Baijiayun has a strong base of expertise in applying AI to meet
the needs of enterprise customers for highly scalable, secure
enterprise-grade video solutions. With the recent advances in
generative AI, we see the opportunity to achieve massive gains in
the scalability and personalization of real-time video
communications," commented Mr. Gangjiang Li, chairman of the board
and chief executive officer of the Company. "By combining highly
realistic video avatars with the ability to harness the latest
generation of large language model based (LLM-based) AI bots, a new
paradigm for interactive video solutions becomes possible. These
approaches can potentially disrupt traditional ways of doing
business while creating enormous value for the businesses and
consumers that adopt them."
The Company has experienced strong interest in such solutions
from its existing client base, and its AI research team has been
working to develop solutions tailored to the needs of large sectors
of the economy:
- Generative AIGV education solutions enable schools and
universities to provide one-to-one instruction, support, and
tutoring on a massive scale to ensure that every student can keep
up with the required material and receive individual support.
- Generative AIGV sales and marketing support allows consumers to
obtain answers about any product features or perform product
comparisons across the features that interest them most.
- Generative AIGV customer service that is able to respond to a
wide range of customer service scenarios and provide detailed,
step-by-step resolution based on a deep and growing base of
knowledge and experience.
The recent acquisition of Beijing Hydrogen Data Information
Technology Co., Ltd ("Beijing Hydrogen") will strengthen the
Company's ability to create AIGC solutions. Beijing Hydrogen's
AI-enabled data collection and analysis tools assist enterprise
clients in brand management and creating responsive marketing
solutions. The new AIGC and AIGV solutions will initially feature
AI-generated personalized marketing content and automated
personalization GPT tools with video in customer service.
This new initiative builds on the Company's experience
integrating AI technology with real-world scenarios in education,
retail, public affairs, and industrial manufacturing industries.
Initial AI-powered features embedded in real-time broadcasting for
enterprise clients include:
- 2D Plane Idol Live Streaming: With just a green screen,
a computer, and streaming software, you can use chroma keying
technology to overlay people and objects onto the main key value
(KV), blending characters and backgrounds together. Baijiayun has already assisted a number of
clients in launching fresh and interesting virtual live
streams.
- 3D Virtual Stage Live (VSL) Streaming: This solution
uses mixed reality (MR) technology to simulate real-time
multi-angle tracking and create 3D virtual scenes. It produces
smooth dynamic movements, and its depth of field lighting can
infinitely restore realistic scenes, giving customers an ultimate
3D spatial experience.
- Virtual Digital Human: Constructed using 3D modeling
technology, the characters are combined with real-time
high-precision motion capture technology to present the digital
human's movements in real time. In Baijiayun's enterprise live
broadcasts, virtual humans have realistic appearances and vivid
interactive abilities, equivalent to human anchors, providing more
professional and interesting live streaming services.
"While the explosion of interest in generative AI following the
release of ChatGPT and GPT-4 has raised many questions and
possibilities, we believe that real-time video has a unique power
to connect with human users. We aim to find creative and pragmatic
ways to connect this rapidly evolving AI capability with solutions
that will have a meaningful impact on enterprise operations and
advances important social goals," concluded Mr. Li. "This initial
rollout simply marks the beginning and we look forward to providing
further updates in the months to come."
About Baijiayun Group Ltd
Baijiayun is a video-centric technology solution provider with
core expertise in SaaS/PaaS solutions. Baijiayun is committed to
delivering reliable, high-quality video experiences across devices
and localities and has grown rapidly since its inception in 2017.
Premised on its industry-leading video-centric technologies,
Baijiayun offers a wealth of video-centric technology solutions
including Video SaaS/PaaS, Video Cloud and Software, and Video AI
and System Solutions. Baijiayun is catered to the evolving
communications and collaboration needs of enterprises of all sizes
and industries, which makes Baijiayun a one-stop video-centric
technology solution provider.
Safe Harbor Statement
This press release contains certain "forward-looking
statements." These statements are made under the "safe harbor"
provisions of the U.S. Private Securities Litigation Reform Act of
1995. Statements that are not historical facts, including
statements about the parties' perspectives and expectations, are
forward-looking statements. The words "will," "expect," "believe,"
"estimate," "intend," "plan" and similar expressions indicate
forward-looking statements.
Such forward-looking statements are inherently uncertain, and
shareholders and other potential investors must recognize that
actual results may differ materially from the expectations as a
result of a variety of factors. Such forward-looking statements are
based upon management's current expectations and include known and
unknown risks, uncertainties, and other factors, many of which are
hard to predict or control, that may cause the actual results,
performance, or plans to differ materially from any future results,
performance or plans expressed or implied by such forward-looking
statements. The forward-looking information provided herein
represents the Company's estimates as of the date of this press
release, and subsequent events and developments may cause the
Company's estimates to change.
The Company specifically disclaims any obligation to update the
forward-looking information in the future. Therefore, this
forward-looking information should not be relied upon as
representing the Company's estimates of its future financial
performance as of any date subsequent to the date of this press
release.
A further list and description of risks and uncertainties can be
found in the documents that the Company has filed or furnished or
may file or furnish with the U.S. Securities and Exchange
Commission, which you are encouraged to read. Should one or more of
these risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary materially
from those indicated or anticipated by such forward-looking
statements. Accordingly, you are cautioned not to place undue
reliance on these forward-looking statements. Forward-looking
statements relate only to the date they were made, and the Company
undertakes no obligation to update forward-looking statements to
reflect events or circumstances after the date they were made
except as required by law or applicable regulation.
Investor / Media Contact:
Crocker Coulson
CEO, AUM Media, Inc.
(646) 652 7185
crocker.coulson@aummedia.org
Company Contact:
Yong
Fang
CFO, Baijiayun Group Ltd
(267) 939 5080
fangyong@baijiayun.com
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SOURCE Baijiayun Group Limited
