WIMI integrates a series of synergy technologies seizing the market opportunity

Last week, Baidu (BIDU) reported that Radish Fast Run, its autonomous travel platform, served 714,000 rides in Q2 of this year, up 149 percent year on year. Baidu has been approved to provide fully autonomous travel services to the public in four cities: Wuhan, Chongqing, Beijing, and Shenzhen. The autonomous driving business has become one of Baidu’s indispensable high-growth businesses.

Not long ago, Tesla (NASDAQ: TSLA) founder Elon Musk delivered a speech at the 2023 World AI Conference, he judged that the l4 to l5 level of fully autonomous driving will be realized later this year.

Musk said fully autonomous driving is a very useful technology that allows people to avoid boring driving and increase the use of cars. He also noted that Tesla is now very close to fully autonomous driving without human intervention and that it is very interested in sharing and licensing autonomous driving technology for other automakers.

Meanwhile, Musk reportedly revealed in an interview that Tesla may have already understood some aspects of the AGI.

AGI represents a universal AI, focusing on creating intelligent systems capable of performing tasks at the human level or higher. Musk has said he believes Tesla’s self-driving program can contribute to the AGI.

At present, most autonomous driving technologies in the world’s major economies are showing a rapid development momentum. In contrast, the news that China’s L3 autonomous driving standards will be “released” has attracted wide attention. Industry insiders believe that the introduction of relevant standards marks the commercial application of autonomous driving technology into the “fast lane”.

It should not be ignored that the introduction of large models this year is expected to accelerate the progress of autonomous driving technology. Autonomous driving is one of the core directions of AI applications. The AI large model can process massive data and multi-dimensional analysis, which can provide more accurate and comprehensive data analysis and prediction capabilities. Continuous optimization of the model can improve the accuracy and reliability of intelligent driving. In addition, the development of AI algorithms, data, and chip technology has promoted iteration and industrial chain upgrading, which is also a key factor in promoting the acceleration of the commercialization of autonomous driving.

Citic Securities believes that high-level autonomous driving can effectively solve many pain points, such as labor cost improvement, traffic safety, and driver shortage, and the potential market space of autonomous driving exceeds trillions of yuan.

It can be said that autonomous driving has entered the second half, driven by multiple factors such as policy, technology, and scenario requirements. It is understood that WiMi Hologram Cloud (NASDAQ: WIMI), the leading manufacturer of AI technology, with the continuous upgrading of research and development technology, has the full stack of hardware and software technology ability, the leading intelligent driving ability in the industry, plus the advantages of stable industrial chain, development and fast market response, which brings WiMi Hologram Cloud the opportunity to overtake in corners, and has the potential to catch up and catch up.

Autonomous driving requires integrated technologies. So far, WiMi Hologram Cloud to built its technology hardcore strength, after several years of development, gradually built from the hardware to software full stack technical ability, out of its own autopilot technology route, master AI vision + laser radar + AR navigation map power automatic driving field, the gradual process, the future or through a wide range of commercial ground to promote technology continuous iteration.

Autonomous driving is expected to become the main development trend of the automobile industry in the future. With AI technology change + policy relaxation + product batch launch, the supply side is greatly abundant to stimulate the demand, and the industry reform accelerates. WiMi Hologram Cloud Fully embraces the direction of autonomous driving, builds the first mover advantage, and is expected to evolve the advantage into a barrier under the “technology snowball” effect under Moore’s Law.

On the other hand, the real popularization of autonomous driving, “full-scene” is the only way through, and intelligent driving technology is expected to continue to develop steadily. With the accelerated application of artificial intelligence, 5G technology, and other technologies, the future will include intelligent networks, onboard systems, and other assistance, to achieve the integration and collaboration of “car, road, cloud”. On this basis, the follow-up layout of WiMi Hologram Cloud will be closely launched around this point.

At the same time as the appearance of favorable policies, autonomous driving ushered in a real metamorphosis opportunity —— AI big model strong enabling. It can be predicted that the double resonance of policy and AI models will promote the intelligent and commercialization process of autonomous driving. Zheshang Securities said that with the improvement of the standard system, the intelligent connected vehicle market will be ready to develop, and the relevant technologies and products will also rapidly mature, accelerating the expansion of the industrial chain.

Internet companies in the field of autonomous driving, new forces of car manufacturing, and intelligent hardware manufacturers will benefit from it. WiMi Hologram Cloud at this time will help this field start a new journey and is expected to gain new increment for it in the future.