LAS VEGAS, Aug. 2, 2018 /PRNewswire/ -- Remark Holdings,
Inc. (NASDAQ: MARK), a diversified global technology company with
leading artificial intelligence (AI) solutions and digital media
properties, including Vegas.com, today announced that the Company
has formed a strategic cooperative agreement with the School of
Information and Software Engineering at the University of
Electronic Science and Technology of China to jointly establish a school-enterprise
laboratory for AI research and development. The two parties
will work together to research ways to optimize and compress
deep-learning models so that they can be run on lower-cost hardware
with more efficient power consumption and strong performance.
This collaborative partnership boosts KanKan's research and
development resources and gives the university access to KanKan's
cognitive computing platform for academic research and the
development of new technological applications.
"We're proud to collaborate with leading institutions like the
University of Electronic Science and Technology of China to advance AI research and develop new
applications that utilize our cognitive computing platform," said
Kai-Shing Tao, Chairman and Chief
Executive Officer of Remark Holdings. "This partnership will
provide us with added resources to help us continue to develop
accessible AI solutions that solve problems, reduce risk and
deliver positive outcomes across multiple industries. We look
forward to the launch of our school-enterprise laboratory and
working together with the university to strengthen our technology
and develop new innovative solutions. We expect more
school-enterprise collaborations to come in China, Europe
and U.S."
The School of Information and Software Engineering at the
University of Electronic Science and Technology of China has a leading computer science doctoral
program and has long been engaged in system software and industry
application research. Some of the research results have been
successfully deployed in areas such as airborne, satellite, smart
TV, railway systems and network terminals.
About Remark Holdings, Inc.
Remark Holdings, Inc.
(NASDAQ: MARK) delivers an integrated suite of AI solutions that
enable businesses and organizations to solve problems, reduce risk
and deliver positive outcomes. The company's easy-to-install
AI products are being rolled out in a wide range of applications
within the retail, financial, public safety and workplace
arenas. The company also owns and operates digital media
properties that deliver relevant, dynamic content and ecommerce
solutions. The company is headquartered in Las Vegas, Nevada, with additional operations
in Los Angeles, California and in
Beijing, Shanghai, Chengdu and Hangzhou, China. For more information, please
visit the company's website at www.remarkholdings.com.
Forward-Looking Statements
This press release may
contain forward-looking statements, including information relating
to future events, future financial performance, strategies,
expectations, competitive environment and regulation. Words such as
"may," "should," "could," "would," "predicts," "potential,"
"continue," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates," and similar expressions, as well as
statements in future tense, identify forward-looking statements.
These statements involve known and unknown risks, uncertainties and
other factors, including those discussed in Part I, Item 1A. Risk
Factors in Remark Holdings' Annual Report on Form 10-K and Remark
Holdings' other filings with the SEC. Any forward-looking
statements reflect Remark Holdings' current views with respect to
future events, are based on assumptions and are subject to risks
and uncertainties. Given such uncertainties, you should not place
undue reliance on any forward-looking statements, which represent
Remark Holdings' estimates and assumptions only as of the date
hereof. Except as required by law, Remark Holdings undertakes no
obligation to update or revise publicly any forward-looking
statements after the date hereof, whether as a result of new
information, future events or otherwise.
Company Contact:
Kai-Shing
Tao
Remark Holdings, Inc.
stao@remarkholdings.com
702-701-9514
Investor Relations Contact:
Colton Krueger
The Plunkett Group, Inc.
Colton@ThePlunkettGroup.com
210-602-4078
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SOURCE Remark Holdings, Inc.