LAS VEGAS, July 30, 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
its KanKan AI technology has been utilized to deliver an innovative
multi-media search platform for Shanghai Education Resource Center,
an affiliate of Shanghai Open University, which is one of the
largest online educational institutions in China. The university teaches more than 70,000
students per year and maintains approximately one million hours of
online class content that it can distribute to various online
channels.
Developed in conjunction with Hangzhou Shufeng Technology Co.,
Ltd. and Shanghai Education Software Development Corporation, the
multi-media search platform employs KanKan's AI technology to
accurately search for and retrieve structured information from a
vast universe of unstructured sources, spanning digital libraries,
video-on-demand, live broadcast, digital TV, video surveillance and
Internet advertising. The search platform represents an
innovative solution for the education industry, fulfilling a need
for faster, more convenient and more accurate access to vast data
sources.
"We're thrilled to play an integral role in delivering an
AI-based, next-generation content search engine for the education
industry," said Kai-Shing Tao,
Chairman and Chief Executive Officer of Remark Holdings.
"We're enabling seamless access to a diverse and growing universe
of data sources through a highly effective and easy-to-use
navigation tool. This innovative platform demonstrates the
power of KanKan's AI technology in delivering highly-accurate and
accessible solutions to complex problems."
Hangzhou Shufeng Technology Co., Ltd., one of Remark's AI
businesses in China, brings
together world-class institutions and resources to apply the latest
technologies, concepts and solutions of AI to different industries,
with the goal of intelligently empowering and improving
efficiencies; it has supported technology breakthroughs in the
retail, safety supervision, food and transportation industries.
Shanghai Education Software Development Corporation is also
affiliated with Shanghai Open University and is committed to
researching efficient information technology solutions; it benefits
from forward-looking practical experience and leading technical
advantages in the field of education information construction. Over
the past ten years, the company has delivered 22 computer software
copyright and software product registration certificates covering
education management platforms, educational resource research and
development and learning platform software, among other
technologies.
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
View original
content:http://www.prnewswire.com/news-releases/kankan-ai-powers-multi-media-search-engine-for-shanghai-education-resource-center-300688277.html
SOURCE Remark Holdings, Inc.