Beamr Cloud Sprinkles AI Magic on Video Processing
01 Juli 2024 - 1:00PM
Beamr Imaging Ltd. (NASDAQ: BMR), a leader in video optimization
technology and solutions, today announced that it is launching its
first AI capability integrated into Beamr Cloud, the company’s
GPU-powered video service. The video AI enhancement released today
allows for automatic caption and transcription generation for
videos in multiple languages. It is a first step in augmenting
Beamr Cloud with AI capabilities. Later this year, Beamr plans to
release additional video AI enhancement features.
Sharon Carmel, Beamr CEO, explained “What we experience today in
how we view, use and consume video content is only the tip of the
iceberg, as the video world experiences a revolution. Video
processes are no longer focused on storage and streaming challenges
as video itself transforms into AI video. With AI video you can,
for example, search inside the video just like in text. You can
find out what and who is in the video, what they are doing and what
they say. Video AI capabilities also include the enhancement of
quality and appearance and acceleration of delivery to
customers."
Dani Megrelishvili, Beamr Chief Product Officer, said “We are
investing in the future of video processing by integrating the
first video AI workflow into our service. We believe that Beamr
Cloud’s unique strength lies in combining AI enhancements with
high-performance video optimization. Leveraging GPU power, today's
release is another step toward our mission to streamline AI,
machine learning, and video processing.”
Research published earlier this year by the company showed that
video files that were downsized by 40% using Beamr Content-Adaptive
technology (CABR), without sacrificing quality thanks to Beamr
tech, streamlined Machine Learning processes and allowed
significant savings in storage and costs.
Beamr Cloud offers essential, easy-to-use and efficient video
processes, tailored for businesses with large video libraries or
those who rely heavily on video for their operations. The service
is designed for customers in industries such as AI, the
Internet-of-Things (IoT), User-generated content and other emerging
markets. Beamr Cloud is based on Beamr’s patented and award-winning
technology that reduces file size by 30%-50%, resulting in
decreased storage, networking and CDN costs while maintaining video
quality.
About Beamr
Beamr (Nasdaq: BMR) is a world leader in content adaptive video
solutions. Backed by 53 granted patents, and winner of the 2021
Technology and Engineering Emmy® award and the 2021 Seagate Lyve
Innovator of the Year award, Beamr's perceptual optimization
technology enables up to a 50% reduction in bitrate with guaranteed
quality. www.beamr.com
Forward-Looking Statements
This press release contains “forward-looking statements” that
are subject to substantial risks and uncertainties. Forward-looking
statements in this communication may include, among other things,
statements about Beamr’s strategic and business plans, technology,
relationships, objectives and expectations for its business, the
impact of trends on and interest in its business, intellectual
property or product and its future results, operations and
financial performance and condition. All statements, other than
statements of historical fact, contained in this press release are
forward-looking statements. Forward-looking statements contained in
this press release may be identified by the use of words such as
“anticipate,” “believe,” “contemplate,” “could,” “estimate,”
“expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,”
“predict,” “project,” “target,” “aim,” “should,” “will” “would,” or
the negative of these words or other similar expressions, although
not all forward-looking statements contain these words.
Forward-looking statements are based on the Company’s current
expectations and are subject to inherent uncertainties, risks and
assumptions that are difficult to predict. Further, certain
forward-looking statements are based on assumptions as to future
events that may not prove to be accurate. For a more detailed
description of the risks and uncertainties affecting the Company,
reference is made to the Company’s reports filed from time to time
with the Securities and Exchange Commission (“SEC”), including, but
not limited to, the risks detailed in the Company’s annual report
filed with the SEC on March 4, 2024 and in subsequent filings with
the SEC. Forward-looking statements contained in this announcement
are made as of the date hereof and the Company undertakes no duty
to update such information except as required under applicable law.
Investor Contact:
investorrelations@beamr.com
Beamr Imaging (NASDAQ:BMR)
Historical Stock Chart
Von Dez 2024 bis Jan 2025
Beamr Imaging (NASDAQ:BMR)
Historical Stock Chart
Von Jan 2024 bis Jan 2025