$BMR spiked over 1,195% on teaming up with NVIDIARevolutionizing Video Standards: The Beamr-NVIDIA Partnership
In a groundbreaking collaboration, Beamr Imaging ( NASDAQ:BMR ) and NVIDIA ( NASDAQ:NVDA ) are spearheading the transition to the next generation of video standards with their innovative approach to AV1 adoption.
Addressing Industry Challenges: The adoption of AV1, a highly efficient video format endorsed by tech giants like Amazon, Google, and Microsoft, has been hindered by complex and costly conversion processes. Existing video libraries, essential for AI, machine learning, and streaming services, are predominantly based on outdated formats like AVC/H.264. This poses significant challenges in terms of compute power, cost, and quality preservation during the transition.
Automated Modernization: At the ACM Mile-High-Video 2024 conference, Beamr ( NASDAQ:BMR ) and NVIDIA ( NASDAQ:NVDA ) unveiled their automated solution to this industry-wide challenge. Leveraging NVIDIA's hardware-accelerated AV1 encoding and Beamr's Content-Adaptive-Bitrate technology, the collaboration promises a seamless and cost-effective conversion process. By ensuring optimized bitrate and superior performance, this solution simplifies the transition to AV1 without compromising video quality.
Empowering Content Providers: Through their joint efforts, Beamr ( NASDAQ:BMR ) and NVIDIA are democratizing video processing, making it accessible and affordable to content providers of all sizes. Their upcoming video cloud service, set to launch on Amazon's AWS platform, will streamline video processing, further catalyzing the widespread adoption of AV1.
Driving Industry Progress: With 53 patents and over a decade of research and development behind them, Beamr ( NASDAQ:BMR ) and NVIDIA are at the forefront of driving industry progress. Their collaboration not only accelerates AV1 adoption but also sets a new standard for video modernization, empowering content creators and enhancing the viewing experience for audiences worldwide.
A Vision for the Future: As they prepare to launch their groundbreaking video cloud service, Beamr ( NASDAQ:BMR ) and NVIDIA invite industry stakeholders to join them in shaping the future of video standards. Through continued innovation and collaboration, they aim to unlock new possibilities in video processing and pave the way for a more efficient and immersive digital experience.
