ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

LIZHI Fosters Entrepreneurial Spirit in Tech by Sponsoring Employee Innovation on Programmer’s Day

GUANGZHOU, China, Oct. 25, 2022 (GLOBE NEWSWIRE) -- LIZHI INC. (“LIZHI” or the “Company”) (NASDAQ: LIZI), an audio-based social and entertainment company, held its fourth annual LIZHI “1024 Tech Culture Day” event on October 24th to celebrate China’s Programmer's Day. The event saw LIZHI’s teams share progress updates on outstanding projects, with top teams and projects bestowed “Golden Code Awards” for their innovative and remarkable work.

Among these showcased teams and projects, the team working on hybrid cloud architecture “iRock” shared their journey from project initiation and development to ultimately building a more mature mixed cloud function. As a vital part of the cloud infrastructure service that goes into Voice Cloud, LIZHI’s hybrid cloud computing platform, the iRock cloud architecture creates a unified operations management platform through which LIZHI can operate multiple cloud-based tools securely and reliably.

Another project team, “DOREME”, which focuses on developing LIZHI’s proprietary real-time communication (RTC) and audio streaming solution under Voice Cloud, shared the team’s progress over the past year. Highlights include expansions to the service’s coverage and continued efforts to reduce device costs through workflow optimization. Presently, DOREME’s RTC technology has already been applied to many aspects of business development, providing comprehensive support across everything from audio creation to audio interactivity. This makes the audio creation process simpler and improves sound quality and acoustics, while at the same time providing users with a smoother and more stable audio listening and real-time interactive experience.

Other projects shared during LIZHI’s 1024 Tech Culture Day included voice recognition systems and optimizations to speech detection technology. Through ongoing efforts, LIZHI’s audio tech projects have further upgraded and optimized the automation efficiency and accuracy of speech recognition and detection, expanded how these applications can be used, and empowered further innovation of audio products.

On October 25th, LIZHI partnered with science and technology media platform InfoQ to host an online livestreamed course about a “high-quality noise reduction solution for online entertainment scenarios.” Noise reduction algorithms that employ neural networks have been extensively applied to real-time interactive audio environments, but these algorithms pose challenges for the design and efficiency of equilibrium models because they place high demands on real-time audio processing and the performance of mobile devices.

Building on these current pain points, LIZHI’s audio R&D team shared the design and plans to release a lightweight noise reduction solution for real-time interactive environments. This solution is not only able to process everyday background noise, but can also effectively maintain voice quality and acoustics and is suitable for application to most mobile devices, helping to offset the limitations of neural network algorithms.

LIZHI’s Co-founder and CTO Mr. Ning (Neil) Ding said, “During our 1024 Tech Culture Day celebration, I was delighted to have had the opportunity to share LIZHI’s technological highlights with our colleagues. We firmly believe that core technological capabilities are the cornerstones of LIZHI’s business development and that training top talent sets the stage for business and tech breakthroughs.

“LIZHI remains committed to building the world’s largest audio platform and helping people use voices to connect with each other. We will continue to pursue innovation in audio technology and drive in-house technological development to empower businesses.”

Safe Harbor Statement
This press release contains 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 Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as “may”, “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the Securities Exchange Commission. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.

For investor and media inquiries, please contact:
In China:
LIZHI INC.
IR Department
Tel: +86 (20) 3866-4265
E-mail: ir@lizhi.fm


Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.