Remark Holdings Receives Prestigious Artificial Intelligence Product Award from Alibaba

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Sep 29, 2017, 07:57 ET

LAS VEGAS, Sept. 29, 2017 /PRNewswire/ -- Remark Holdings, Inc. (NASDAQ: MARK), a global digital media technology company, announced that its KanKan subsidiary's latest product, the KanKan Heterogeneous Multi-Intelligence System (also called DeepEye) was ranked last week in the top three in Alibaba's "Best AI Products" competition in Nanjing. KanKan's DeepEye was one of 15 finalists after Alibaba evaluated more than 300 companies' products for this prestigious honor.

"We are proud and excited to receive this meaningful honor from our valued partner, Alibaba," stated Kai-Shing Tao, Remark Holding's Chairman and CEO. "DeepEye allows businesses of all sizes to use AI to help their business grow. Our product is unique in what it offers customers in terms of its technology, cost, and usage. Research and development is the core of our company, and we will continue to improve KanKan's existing technology and innovate new products to better serve our partners and customers as AI becomes more accepted and used."

DeepEye is a computer vision system consisting of multiple neural processing units (NPUs) in a heterogeneous architecture in which particular AI models are selected to run on corresponding NPUs; such a structure provides the best performance, but with low power consumption. KanKan's versatile DeepEye system can recognize faces, people, animals and various other objects, as well as track object movement. The system can be, and has been, used in a cost-efficient manner to solve many industrial problems, including issues involving food safety, traffic control, media-content management, surveillance, and precision agriculture.

About Remark Holdings, Inc.
Remark Holdings, Inc. (NASDAQ: MARK) primarily focuses on the development and deployment of artificial-intelligence-based solutions for businesses and software developers in many industries. Additionally, the company owns and operates digital media properties that deliver relevant, dynamic content. 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.

Investor Relations Contact:
Douglas Osrow
Remark Holdings, Inc.
[email protected]
702-701-9514 ext. 3025

SOURCE Remark Holdings, Inc.