VisionX

Lowe’s Invites VisionX to Enterprise Strategic Sourcing Program

On May 31st, Lowe’s Home Improvement invited VisionX to their Enterprise Strategic Sourcing Program. The program includes sourcing, which is the purchase of product and services for internal use. Lowe’s reviews agreements as expiration dates approach on their two-three year contacts, incorporating categories such as: information technology, supplies, logistics, energy and utilities.

As a Lowe’s supplier, VisionX will have access to and support the Lowe’s network of manufacturers. VisionX will offer the following services:

  1. AI solution to enable Cross-industry defect dataset & Dataonomy Technology

  2. Generate Base Model & Transfer Learning

  3. Federated Learning which generated the best detection model

The VisionX Profit composition within the Lowe’s Home Improvement Program will target equipment, software and data.

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A) Equipment (Short-term profit)- AI imaging system equipment, warning devices, GPU computing & storage devices

B) Software (Mid-Term Profit)- VisionX- SaaS-Lease, System operation & maintenance, management System

C) Data (Long- Term Profit)- Defect database, product category database, Security database

About Lowe’s Companies, Inc.

Lowe’s Companies, Inc. (Lowe’s), incorporated on August 1, 1952, is a home improvement company. The Company operates approximately 2,370 home improvement and hardware stores. The Company offers a range of products for maintenance, repair, remodeling and decorating. The Company offers home improvement products in categories, including Lumber and Building Materials; Tools and Hardware; Appliances; Fashion Fixtures; Rough Plumbing and Electrical; Lawn and Garden; Seasonal and Outdoor Living; Paint; Flooring; Millwork, and Kitchens. The Company also supports the communities that focus on K-12 public education and community improvement projects. The Company serves its customers in the United States, Canada and Mexico.

The Company’s home improvement stores carry a selection of national brand-name merchandise, such as Whirlpool appliances and water heaters, GE, LG and Samsung appliances, Stainmaster carpets, Valspar paints and stains, Pella windows and doors, Sylvania light bulbs, Dewalt power tools, Owens Corning roofing, Johns Manville insulation, James Hardie fiber cement siding, Husqvarna outdoor power equipment and Werner ladders. Its merchandise selection provides the retail and Pro customer a range of national brand-name merchandise needed to complete home improvement, repair, maintenance or construction projects.

The Company sells private brands in various product categories, including Kobalt tools, allen+roth home decor products, Blue Hawk home improvement products, Project Source basic value products, Portfolio lighting products, Garden Treasures lawn and patio products, Utilitech electrical and utility products, Reliabilt doors and windows, Aquasource faucets, sinks and toilets, Harbor Breeze ceiling fans, Top Choice lumber products, and Iris home automation and management products. The Company sources its products from over 7,500 vendors across the world.

The Company offers installation services through independent contractors in a range of its product categories, such as Appliances, Flooring, Kitchens, Lumber and Building Materials, and Millwork. Lowe’s Protection Plans provide customers with product protection that extends coverage previously offered by the manufacturer’s warranty. The Company provides in-warranty and out-of-warranty repair services for appliances, outdoor power equipment, tools, grills, fireplaces and water heaters through its stores or in the home through its Authorized Service Repair Network. The Company operates approximately three contact centers.

Follow VisionX

VisionX, industrial AI chain, is a cross-industry high-performance AI collaboration platform, is the first AI+Blockchain project the DeepBrain Chain Silicon Valley lab has incubate. It has the single biggest and quality image dataset, uses a Unique taxonomy algorithm to complete a cross-industry AI solution fit for all. VisionX uses product surface defect visual detection as a breaking point, to gradually branch off to machine arm grab and pick, preventative maintenance, intelligent speech, supply chain and other fields. In the future it will serve thousands of industries offering AI solutions and data worth millions. 


Official Website
http://www.visionx.org/

Twitter
http://www.twitter.com/visionxglobal

Telegram
https://t.me/VisionXGlobal

Reddit
www.reddit.com/r/visionx

Youtube
https://www.youtube.com/channel/UCp2nv-fSaKgrTdP0QfthDoA

Partnership with Top Three GPU Provider in Focus as VisionX’s Proprietary Distributed AI Framework Gains Ground

VisionX recently designed and released a novel distributed AI framework consisting of Federated learning, Parallelism (Data and Model) and Transfer learning, on a decentralized DBC AI cloud. This technological breakthrough in the AI industrial field has been highly recognized from both of academia and industry, as our research paper was accepted by the 2019 International Conference on Image Analysis & Recognition (refer to the the details in the biweekly report).

Our work will be considered as an efficient and scalable AI framework by one of top three GPU providers in the world, as we are working out steps towards a monumental partnership. Distributed AI (DAI) incorporates swarm intelligence to various classes of technologies which address specific markets and problem solve by providing a distributed solution.

According to Global Market Insights, Inc. “The pharmaceutical end-use segment in the AI in manufacturing market accounted for over 8% of the industry share. The companies are using AI technology to improve efficiencies in biotech manufacturing and process development to improve their gross margins.”

According to Global Market Insights, Inc. “The pharmaceutical end-use segment in the AI in manufacturing market accounted for over 8% of the industry share. The companies are using AI technology to improve efficiencies in biotech manufacturing and process development to improve their gross margins.”

Practical applications of DAI include electronic commerce for trading strategies, routing in transport networks, scheduling, electronic power systems and networks in telecommunications. For example, in electronic commerce, the intuitive DAI system acquires knowledge from a large pool of financial data, digests the analysis and produces an output of financial trading rules.

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AI in the manufacturing market is projected to reach $16 BN by 2025 according to a 2019 Global Market Insights, Inc. Report, driven by the swift and ever evolving impact and appropriation of Industry 4.0.

Follow VisionX

VisionX, industrial AI chain, is a cross-industry high-performance AI collaboration platform, is the first AI+Blockchain project the DeepBrain Chain Silicon Valley lab has incubate. It has the single biggest and quality image dataset, uses a Unique taxonomy algorithm to complete a cross-industry AI solution fit for all. VisionX uses product surface defect visual detection as a breaking point, to gradually branch off to machine arm grab and pick, preventative maintenance, intelligent speech, supply chain and other fields. In the future it will serve thousands of industries offering AI solutions and data worth millions. 


Official Website
http://www.visionx.org/

Twitter
http://www.twitter.com/visionxglobal

Telegram
https://t.me/VisionXGlobal

Reddit
www.reddit.com/r/visionx

Youtube
https://www.youtube.com/channel/UCp2nv-fSaKgrTdP0QfthDoA

Open Letter to the Community

On behalf of VisionX, I am writing an open letter to the community as I vowed to be completely transparent about our process and share exactly what we are doing strategically. Spending my entire career enveloped in the financial realm, I am predominately concerned with the usage and allocation of funding, calculating runway and forecasting revenue projections against our cash burn.

I released the framework of the 4 waves, which has now turned into 5, in a methodical and structured way. The waves have been planned for the last two months with the VisionX Board and a couple members from DeepBrainChain’s management. As you know, today our buy-back and burn program was officially released. It was a significant dollar commitment. To be clear, the majority of our funding is currently absorbed and committed to developing our proprietary AI tech.

This is why the second wave was planned and released in this order. I had previously mentioned the use case for a buy-back on twitter to provide transparency to the community. To further clarify, we never previously mentioned or released a buyback program. We had a burner program listed in our white paper, which will be used in conjunction with our newly instated buy-back to maximize reducing the supply. Let me repeat it here, a buy-back is an extremely powerful tool. Here is the excerpt from Twitter:

“Buying back 30% of the circulation exudes the utmost confidence in our business model.”

“Return on Equity- deploying the buyback is an investment in our company. We believe our cash and the projected returns buying back VNX far outweighs other investment opportunities in conjunction with our tech and revenue sourcing”

Additionally, I shared an image about one of the potential partners we are trying to onboard and form a partnership with: JC Penny. To make it clear to the community, this is only one major partnership that I am trying to solidify, and it’s a relatively new development. I provided one thread of communication to instill trust in the community. I wanted to exemplify a small piece of dialogue exchanged and share the marketing efforts we are making behind the scenes. To make it clear, we are in talks with a multitude of Fortune 500 Companies.

Please let me know if you have any questions. I hope this provides some of the answers our community is looking for.

All my best,

David