VIYI ALGO

VIYI Algo（MicroAlgo）

VIYI Algorithm Inc., (“VIYI Algo”“MicroAlgo”), a company controlled by WiMi, and Venus Acquisition Corporation (Nasdaq: VENA) (“Venus”), a publicly traded special purpose acquisition company, have entered into a definitive merger agreement to go public. The terms of the merger provide for a valuation of VIYI Algo is US $400,000,000. Upon closing of the transaction, Venus will change its name to MicroAlgo Inc. 

VIYI Algo is committed to the intelligence AI chips, artificial intelligence (AI) algorithms, and the central processing cloud service. VIYI Algo focuses on the development of the game and video industries, developing the central processing algorithm intelligent services as the core business, and is currently in the leading position in this field. We focus on computing power acceleration, digital lightweight and data intelligent services. We support cloud computing, Internet of Things (AI+IoT), smart cities, smart transportation, entertainment games, multimedia entertainment, online and mobile advertising, etc. that contain smart chips and algorithms, and a wide range of digital and data-centric central processing algorithm services based on IaaS, PaaS, and SaaS cloud services...

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