MicroAlgo Inc. Reports Earnings Results for the First Quarter Ended March 31, 2023

MicroAlgo Inc. is a holding company. The Company, through its subsidiary, VIYI Algorithm Inc. (VIYI Algo), is engaged in the development and application of bespoke central processing algorithms. VIYI Algo provides comprehensive solutions to customers by integrating central processing algorithms with software or hardware, or both, thereby helping them to increase the number of customers, improve end-user satisfaction, achieve direct cost savings, reduce power consumption, and achieve technical goals. Its services include algorithm optimization, accelerating computing power without the need for hardware upgrades, lightweight data processing, and data intelligence services. Central processing algorithms refer to a range of computing algorithms, including analytical algorithms, recommendation algorithms, and acceleration algorithms. It provides central processing algorithm solutions to enterprise customers in three industry verticals: Internet advertisement, gaming, and intelligent chips.