SHENZHEN, China, June 15,
2023 /PRNewswire/ -- Taoping Inc. (NASDAQ: TAOP, the
"Company" or "Taoping"), today announced the Company plans to
launch Cloud Nest AI, a powerful generative AI system across the
Cloud to accelerate growth. Cloud Nest AI will leverage the
Company's existing cloud-based technology and applications and
integrate AI with intelligent Cloud platform technology and product
capabilities. End users are empowered with smart scene terminals,
that deeply integrate numerous industry-specific application
scenarios across all major industries and subsegments.
Taoping's industry specific applications for different scenarios
based on the Cloud Nest AI system are expected to provide
multi-dimensional empowerment for various industries from multiple
perspectives, such as content generation, human-computer
interaction, visual perception, and cognitive decision-making. In
the field of advertising media, Taoping's cloud platform allows
advertisers to provide creative content, such as graphics, videos,
and texts for specific promotional strategies, while artificial
intelligence can then effectively develop mixed-media
promotions.
Taoping will also integrate the new generative AI system into
its other smart solutions to better help customers harness the
latest technology development to achieve a higher return on
investment, lower cost of ownership, an improved overall customer
experience. This includes the Company's intelligent cleaning
robots, which are pushing industry-leading performance in terms of
unmanned driving, intelligent decision-making, and human-machine
collaboration to solve complex urban outdoor and indoor scenarios.
Another example is in the field of ecological environmental
protection, where the Company's off-grid sewage treatment equipment
adopts microbial control technology and intelligent monitoring
system to accurately implement sewage treatment from the source of
sewage generation, which is highly efficient, energy-saving and
environmentally friendly.
Mr. Lin Jianghuai, Chairman and CEO of Taoping, said: "The Cloud
Nest AI generative AI system will be another important milestone
based on the strategic upgrade of Taoping's Cloud-based technology
and applications. We have been investing in and actively deploying
a series of exciting new products to help our customers better
embrace superior new technologies and systems, which in return will
accelerate our revenue growth. We look forward to continuing to
open new commercial and industrial opportunities for our Cloud Nest
generative AI system, and will keep the market updated on our
progress."
About Taoping Inc.
Taoping Inc. (Nasdaq: TAOP) has a long history of successfully
leveraging technology in the development of innovative solutions to
help customers in both the private and public sectors to more
effectively communicate and market to their desired targets. The
Company has built a far-reaching city partner ecosystem and
comprehensive portfolio of high-value, high-traffic areas for its
products, which are aligned together with Taoping's smart cloud
platform, cloud services and solutions, new media and artificial
intelligence. For more information about Taoping, please visit
www.taop.com. You can also follow us via LinkedIn, Twitter or
YouTube.
Safe Harbor Statement
This press release contains "forward-looking statements" that
involve substantial risks and uncertainties. All statements other
than statements of historical facts contained in this press
release, such as statements regarding our estimated future results
of operations and financial position, our strategy and plans, and
our objectives or goals, are forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended
and Section 21E of the Securities Exchange Act of 1934, as amended.
We have attempted to identify forward-looking statements by
terminology including "anticipates," "believes," "can," "continue,"
"could," "estimates," "expects," "intends," "may," "plans,"
"potential," "predicts," "should," or "will" or the negative of
these terms or other comparable terminology. Our actual results may
differ materially or perhaps significantly from those discussed
herein, or implied by, these forward-looking statements.
There are a significant number of factors that could cause actual
results to differ materially from statements made in this press
release, including: our potential inability to achieve or sustain
profitability or reasonably predict our future results due to our
limited operating history of providing smart cloud services, the
effects of the global Covid-19 pandemic, the emergence of
additional competing technologies, changes in domestic and foreign
laws, regulations and taxes, uncertainties related to China's legal system and economic, political
and social events in China, the
volatility of the securities markets; and other risks including,
but not limited to, those that we discussed or referred to in the
Company's disclosure documents filed with the U.S. Securities and
Exchange Commission (the "SEC") available on the SEC's website at
www.sec.gov, including the Company's most recent Annual Report on
Form 20-F as well as in our other reports filed or furnished from
time to time with the SEC. The forward-looking statements included
in this press release are made as of the date of this press release
and TAOP undertakes no obligation to publicly update or revise any
forward-looking statements, other than as required by applicable
law.
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SOURCE Taoping Inc.