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Viomi Issued 2024H1 Unaudited Financial Results: Focus on AI Water, Return to Profit

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China, 2nd Sep 2024 – On August 26, 2024, Viomi Technology Co., Ltd (NASDAQ: VIOT) issued its first half of 2024 unaudited financial results. Based on the financial report, the net revenues were US$143.1 million, net income attributable to ordinary shareholders of the Company was US$0.8 million. According to the management’s preliminary estimates, excluding the divested businesses, the estimated revenues from the remained businesses, mainly home water solution businesses and others, were more than US$110 million, with an estimated income from operations of more than US$7 million for the first half of 2024. In the meantime, the Company issued the full year guidance with the estimated revenues from the core home water businesses and others to be between US$240 million to US$260 million, and the income from operations between US$15 million to US$18 million.

Focus on AI Water, Returns to Profit

 

On July 19, 2024, the Company announced a major business reorganization, and will mainly focus on its core strengths in the home water solutions to elevate the Company’s overall operational trajectory. The reorganization is expected to drive healthy and sustainable long-term growth for the Company.

 

According to Mr. Xiaoping Chen, Founder and CEO of Viomi, the Company implemented rigorous ‘Focus’ strategy, prioritizing high-quality development and consistently enhancing the operating performance. “Specifically, we concentrated on our advantageous categories, boosting our core home water solution products’ revenue while further optimizing our product structure. As a result, our overall gross margin continued to improve to 24.8% for the first half of 2024 from 22.0% for the same period in 2023. Rigorous cost control measures led to a year-over-year decline in operating expenses by 19.2%, contributing to a turnaround in net profit with a net income of RMB5.6 million and a non-GAAP net income of RMB16.1 million. Additionally, we maintained a strong cash position, with free cash assets totaling RMB914.3 million.” commented by Mr. Chen.

 

AI Technology and Product Innovation,Growth Engine

Following the major business reorganization, Viomi will embrace a new mission: ‘AI for Better Water.’ dedicated to utilizing AI technology to provide better home water solutions for households worldwide. Leveraging their extensive expertise in AI technology application, intelligent hardware and software development, Viomi has strived to redefine home water solutions and developed a unique ‘Equipment + Consumables’ business model. Viomi use AI technology to holistically enhance the user experience, providing remote, real-time monitoring of water quality and usage as well as timely filter replacement reminders, one-click reordering, and DIY replacement options, leading to a higher filter replacement rate. The intelligent waterway self-cleaning technology significantly extends filter lifespan and reduces the cost of water purification, making smart water purification products a reliable, hassle-free and affordable essential for a healthy lifestyle.

 

Regarding product innovation, as an industry-leading technology company, Viomi has consistently driven technological breakthroughs over the past decade. The Company developed tankless large-flux water purifiers that provide fresh drinking water 24/7. By upgrading the water flux up to 2000G, expanded purified water usage scenarios from drinking to cooking, washing vegetables, and more. At its Spring Water Purifier New Product Launch in March 2024, Viomi unveiled the Viomi Kunlun Mineral AI Water Purifier. Its innovative mineralizing filter technology enables the sustained release of beneficial minerals, making the composition of these minerals in the water almost identical to that of natural mineral water, allowing users to enjoy fresh mineral water at home. Viomi offers a wide range of products covering various home scenarios, from single-function filtration to integrated functions featuring instant heating, cooling, and ice-making capabilities. Spanning kitchen, living room and whole-house applications, Viomi’s products comprehensively address the increasing global demand for cleaner, fresher and healthier drinking water.

 

Global water, Global Leader 

 

In terms of product manufacturing and technology development, Viomi operates a world-leading “Water Purifier Gigafactory,” boasting an annual production capacity of 5 million water purifiers and 30 million filters. Its highly integrated industrial chain, highly automated production lines, high-standard clean production workshops, and fully traceable quality control system facilitate continuous breakthroughs in water purification, achieving optimal scale efficiency and meeting diverse global market demands. Viomi has established one of the industry’s most comprehensive R&D systems, mastering advanced filtration technology and the materials manufacturing process, and layout omni-channel marketing. As a result, the Company have amassed over 1,600 water purification patents and attracted numerous global talents in management, marketing, product development and quality control.

 

Looking forward, “Global Water” will become the Company’s vision. As a specialized professional water purification technology company, Viomi aims to deliver fresh and healthy water worldwide. By fully leverage the Water Purifier Gigafactory’s competitive advantages, actively expand in key overseas markets to promote Viomi’s global strategy, enabling families abroad to enjoy fresh and healthy water through Viomi home water solution products.

 

 

Media Contact

Organization: Viomi Technology Co., Ltd

Contact Person: Xuebo.Li

Website: https://www.viomi.com/

Email: Send Email

Country: China

Release Id: 02092416458

The post Viomi Issued 2024H1 Unaudited Financial Results: Focus on AI Water, Return to Profit appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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AMMO AI Secures $2.5M Pre-Seed to Develop AI Agent Societies for Real-World Impact

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London, UK, 10th March 2025, ZEX PR WIRE, In the rapidly evolving world of artificial intelligence, most discussions revolve around how AI can augment human capabilities, automate tasks, or even replace jobs. But what if AI could do more? What if we could create entire societies of agents that collaborate, learn, and evolve in ways that benefit humanity as a whole? This is the ambitious goal behind AMMO, a groundbreaking AI ecosystem that has just secured $2.5 million in pre-seed funding to turn this vision into reality.

The Problem: AI as Isolated Tools

In the world of artificial intelligence, the dominant narrative has long been one of AI as tools. The core problem with viewing AI as tools is that this paradigm not only limits their functionality to narrow instrumental scopes, but also inherently encourages the creation of technological silos—isolated systems optimized for solitary performance within predefined domains. Specifically, we celebrate AI’s ability to execute specialized tasks with superhuman efficiency, yet paradoxically engineer these systems as self-contained black boxes—digital savants excelling in narrow domains but incapable of cross-pollinating knowledge.

This solipsistic design paradigm causes dual constraints: Users become trapped in transactional relationships with technology, reduced to playing prompt-engineer roles. While AI systems operate as autocomplete engines, and lack of cross-agent knowledge synthesis or conflict resolution.

Breaking this self-reinforcing loop requires reimagining AI’s agency spectrum: from passive tools in isolation to proactive agents in networksAs DeepMind reminds us, “No agent is an island.” Intelligence, whether natural or artificial, does not emerge in isolation. It thrives in networks of interacting agents where collaboration, competition, and adaptation drive progress.

Most critically, alignment mechanisms should be implemented properly in these networks. Without rigorous alignment with humanity, advanced AI can pose significant risks, ranging from unintended harms due to misinterpretations of instructions to catastrophic outcomes if their objectives diverge from humans‘ desires. The good news is, Anthropic’s Constitutional AI has provided us with a method to keep AI’s decisions and actions remain aligned with humanity.

A better path is clear: to build an AI-native ecosystem where agents compete and collaborate, learn, and evolve collectively to align with human values and needs. OpenAI’s Neural MMO has already shown how simply and efficiently massive AI agents can evolve through competition and cooperation. It’s proof that AI-native ecosystem is possible and powerful.

This is not just about creating better tools—it’s about redefining the AI-Human connection, unlocking a symbiotic future.

AMMO AI: From Tools to Citizens

AMMO, which stands for Architectures for Massive Multiagent Online, holds three forward-thinking beliefs:

  1. AI should act as proactive partners, not passive tools.
  2. AI must align with human values, evolving in harmony with our needs.
  3. AI should compete and collaborate as a collective, not remain isolated in silos.

Based on these beliefs, AMMO is building agent societies that align with humanity, creating a symbiotic future where AI and humans co-evolve. Beyond merely enabling AI to “play the game,” AMMO’s agents compete and collaborate in complex real- world scenarios. Through continuous interaction, they receive real-time feedback, align with human values, and evolve accordingly.

The AMMO Difference: Bring Human-Centric AI Ecosystems into Real World

AMMO takes a fundamentally different approach while many AI companies focus on creating individual tools. Echoing DeepMind’s sentiment that “no agent is an island,” AMMO envisions a world where AI agents interact, collaborate, and evolve within a larger ecosystem.

Traditionally, AI agent societies have been confined to controlled environments like games or research labs. Translating these concepts into real-world applications has been a significant challenge due to the open-ended nature of real-world scenarios.

AMMO addresses this challenge through a series of innovative approaches:

1. Large-Scale AI Agent Factories

Instead of focusing on agents, AMMO creates a framework to generate adaptive environments where massive number of AI agents emerge without developers, and independently create real-world utility values. These agents are not just task executors; they are autonomous entities that explore, learn, and adapt to new situations, enabling AMMO to tackle complex, real-world problems.

2. Composable Embedding Spaces

AMMO’s agents operate within a high-dimensional, composable environment called the MetaSpace. This space allows agents to interact seamlessly with each other and with humans, embedding everything—from user preferences to content—into a unified vector space for efficient and scalable interactions.

3. Reinforcement Learning with Human Feedback

AMMO’s agents are trained using reinforcement learning techniques that incorporate real-time human feedback. This ensures alignment not only with individual user preferences but also with broader societal values, creating a dynamic and adaptive AI ecosystem.

4. Alignment as a Minimax Problem

Alignment is the first principle of AMMO. It ensures that AI systems consistently act in ways that are beneficial and aligned with human values, goals, and intentions.

There are two types of agents that align with human users in different way: User Buddies (agents that represent individual users) and Goal Buddies (agents that generate content for human needs). The interaction between them is modeled as a minimax problem. This formalizes the adversarial yet co-evolutionary dynamics between agents, ensuring they work together to deliver relevant and engaging content. Alignment is both a goal for AMMO, and the mechanism by which the system operates.

Real-World Impact: From Crypto to Infinite Possibilities

AMMO is already demonstrating its potential with the launch of its first application, FakersAI.com, an multi-agent crypto content platform built upon open data in web3 space. It is designed to combat scams and misinformation, helping users make wiser investment decisions. In just two weeks, the platform has attracted over 75,000 users, showcasing the real-world utility of AMMO’s framework.

FakersAI is just the beginning. AMMO’s framework is designed to generate infinite agent societies that address a wide range of real-world challenges. The team is already developing its second subspace, with a third in the pipeline. Each subspace represents a new ecosystem of AI agents tackling domain-specific challenges from finance to entertainment to education.

The Funding and the Team

AMMO has successfully closed a $2.5 million pre-seed funding round, led by Amber Group, with participation from Samsung NEXTDispersion Capital, and OpensSpace. The project is spearheaded by a team of industry veterans from Google, DeepMind, Meta, as well as former VP of an AI unicorn and ACM-ICPC World Champion. Their combined expertise in AI, multi-agent systems, and reinforcement learning positions AMMO as a leader in the next wave of AI innovation.

Reimagine the Future of AI-Human Connection

AMMO’s solution is groundbreaking in multiple dimensions. By transcending the outdated paradigm of AI as mere tools, AMMO reimagines AI as human buddies that collaborate, co-create, and evolve alongside us. This shift from tools to partners marks the beginning of a symbiotic relationship where AI doesn’t just serve but thrives with humanity.

AMMO places alignment as the first principle of AI-Human connection. With alignment as a method and goal, AMMO offers a glimpse into a future where AI and humanity coexist peacefully, resolving potential conflicts before they even arise. This alignment isn’t just a feature—it’s the foundation of a new AI civilization.

Furthermore, by leveraging multi-agent systems, it pioneers the path toward personalized AI. While LLMs like ChatGPT, DeepSeek, and Grok3 race to improve coding, writing, and other tasks, AMMO focuses on AI’s massive societal adoption—creating AI that adapts to individual needs and real-world scenarios.

While many focus on isolated AI tools, AMMO is building the social operating system for AI agents. As AMMO redefines the AI-Human connection, the question is no longer what AI can do for us, but what we can become together. In this essence, AMMO is more than a project; it’s a movement.

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School Of Odd Thinkers – Think Odd, Learn a lot, and Earn a lot.

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School of Odd Thinkers (SOOT) is a Digital Marketing Institute in Jodhpur providing training and coaching around digital marketing techniques like SEO, SMO, PPC, Ads, Email, WhatsApp, funnel marketing, E-commerce, ORM, Freelancing, Performance marketing and many more. We also teach students to become entrepreneurs.

Our course is built so that even a single person can develop his website, do branding of his brand, and then market it to earn profits. So basically we not only teach digital marketing, We cover digital branding and marketing. Which makes us an odd institute.

A Distinct Method of Learning

Our teaching methodology is simple: doing everything practically and on live and real projects will make students understand. What they are doing, what’s its impact, and how it will be helpful in anyone’s business.

All our courses were curated based on clearing basics and foundation strong with solid practical assignments. We have assignments at each stage of our curriculum.

A digital marketing institute should have good experienced faculty, who have enough exposure that can be shared with the students. At School Of Odd Thinkers, we cover this all the faculties are top-notch and experienced.

Our founder, Kuldeep Singh Rathore has been working in this industry for the last 8 years with wide exposure to digital marketing. All our modules have step-by-step procedures to do any work. Which makes it easy for students to follow and complete their tasks.

Unique Course Model At SOOT For Digital Marketing

In almost all digital marketing institutes , they teach complete digital marketing in one go. Like a student having to go through all modules. Like if someone is not interested in SEO , then also he or she needs to study that.

But at SOOT we have broken down complete digital marketing in all possible small courses, So know if anyone only wants to do Social media marketing or only performance marketing. They can just take that course and get placed in that specific skill set.

Because digital marketing is one and only course that has multiple skill sets and if one can excel in any one of them and master it. They can be placed in it or start something of their own. And that’s why we are bringing this functionality that any student can choose his specialization and scale in that.

SOOT Vision for Innovation and Growth

School of Odd Thinker’s (SOOT) vision is to create a community of creative minds who can upskill themselves So that they don’t need to rely on anyone despite their skills which can get them the career they deserve or start the entrepreneur journey that they want to be. If a person is skilled, no one can stop him.

So our first vision is to make a person join the school of odd thinkers become Self-skilled with project-based learning, expert mentorship, and practical experience, we close the knowledge-action gap. Whether pursuing career success or building your own business, we empower you with the skills, confidence, and mindset to succeed in today’s rapidly changing digital world.

School of Odd Thinkers provides an advanced digital branding and marketing communication course designed to equip you with the skills and project experience necessary to launch a successful career or entrepreneurial venture.

We help you create a personalized career roadmap, ensuring you graduate job-ready and no longer considered a novice. Our unique approach allows you to earn while you learn, and for those aspiring to entrepreneurship, we offer comprehensive support at every stage of your business development, from inception to growth.

Success Stories at SOOT

Not only our vision but our student’s success is a live example of what we are doing resulting in truth also, Our students have been placed in big companies like Upgrad, Zepto, Growthm, Book My Show, etc. A few of our students are also freelancing on Fiverr and earning more than 1000 USD Per month, not only that few of our students have started their online e-commerce brands.

All these success stories of our students make us proud and motivate us to keep doing and improving what we are doing. Join us with our journey, and let’s think odd and make ourselves upskill. Come on, join us with our placement guaranteed program.

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SpeedHash: A Legitimate and Secure Cloud Mining Platform for 2025

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Operating under the legal entity SPEED TRANSFER INTERNATIONAL LTD, SpeedHash proudly affirms its legitimacy and compliance as one of the leading cloud mining platforms in the cryptocurrency industry. Founded in 2018 and registered in the United Kingdom, SpeedHash has been providing secure, transparent, and innovative cloud mining solutions to global users, helping them earn passive income with minimal technical knowledge or upfront investment.

Legitimacy and Company Registration

SpeedHash is a registered company under SPEED TRANSFER INTERNATIONAL LTD with the official company number 11561494. SpeedHash is located at 153-159 Bow Business Centre, Bow Rd, Bow, London E3 2SE, United Kingdom, and fully complies with UK regulations, ensuring that users receive a secure and reliable service. This official registration highlights SpeedHash’s commitment to transparency, legal responsibility, and providing trustworthy cloud mining services.

Ensuring Security and Trust

As a fully legitimate business, SpeedHash places a high emphasis on security and transparency. The platform uses state-of-the-art encryption technologies, including partnerships with industry leaders like McAfee and Cloudflare, to guarantee the safety of users’ funds and personal data. By maintaining a secure and reliable environment, SpeedHash ensures that every transaction is safeguarded from cyber threats, providing users with peace of mind.

Compliant with International Standards

SpeedHash adheres to the highest international standards for cryptocurrency mining and financial operations. The platform has implemented stringent compliance measures to meet anti-money laundering (AML) and know-your-customer (KYC) regulations, ensuring users are protected from fraudulent activities and that transactions remain legitimate and traceable.

Innovative Cloud Mining Solutions

Since its inception, SpeedHash has been offering innovative and efficient cloud mining solutions, enabling users to mine Bitcoin, Ethereum, and other cryptocurrencies without the need for expensive hardware or technical expertise. With a range of flexible and customizable mining plans, SpeedHash has become a popular choice for cryptocurrency enthusiasts looking to participate in the digital economy in an easy and profitable manner.

Commitment to Sustainable and Green Mining

In response to global concerns about environmental sustainability, SpeedHash is committed to using green energy for its cloud mining operations. The platform strives to reduce its carbon footprint while maximizing mining efficiency, ensuring that users can benefit from a socially responsible investment opportunity.

Conclusion: A Legitimate and Reliable Platform

SpeedHash is a legally registered company in the UK, operating with full transparency and in compliance with international standards. With a focus on security, innovation, and user satisfaction, SpeedHash provides a legitimate and efficient way for cryptocurrency enthusiasts to earn passive income through cloud mining. Whether you’re new to cryptocurrency or an experienced investor, SpeedHash offers the tools, support, and confidence needed to succeed in the ever-evolving world of digital currencies.

For more information, visit www.speedhash.com or contact SpeedHash Media Department at support@speedhash.com.

About SpeedHash

SpeedHash is a legitimate cloud mining platform, founded in 2018, operating under SPEED TRANSFER INTERNATIONAL LTD (Company No. 11561494), and headquartered at 153-159 Bow Business Centre, Bow Rd, Bow, London E3 2SE, United Kingdom. The platform provides secure and efficient cryptocurrency mining services, utilizing cutting-edge technology to help users earn passive income through Bitcoin, Ethereum, and other digital currencies.

Contact Details

1.  Company Name: SPEED TRANSFER INTERNATIONAL LTD

2.  Website Link: https://speedhash.com/

3.  Contact Email: support@speedhash.com

4.  Country: UK

5.  City: London

6.  Contact Name: Mia Grey

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