BEIJING, Nov. 21, 2020 /PRNewswire/ -- iQIYI Inc. (NASDAQ: IQ) ("iQIYI" or the "Company"), an innovative market-leading online entertainment service in China, today announced that its research paper on the Company's proprietary automatic animation colorization technique has been accepted by the Winter Conference on Applications of Computer Vision (WACV 2021), the world's leading international computer vision event, that is due to be held virtually from January 5th to 9th, 2021.
Building on iQIYI's proprietary smart colorization engine that will be employed in the Company's original animation series Devour Eternity, the new model proposed in this research paper improves the accuracy and efficiency of automatic animation colorization. iQIYI's newest smart colorization engine reduces manual labor by nearly 30% compared with traditional manual colorization, thereby enabling producers to devote more of their time and energy to creative ideas.
iQIYI's smart colorization engine is an automated animation and cartoon colorization system that helps studios and producers colorize their line art efficiently and at a high quality.
Powered by deep-learning technology, the engine analyzes massive animation production data and generates colorization models of varying styles, including realistic, line drawing, and Kawaii style. When colorizing new works, the AI-powered engine automatically identifies the line arts and colorizes them according to the style selected by the studio. It takes only 0.7 seconds to finish colorizing one whole piece of line art. The engine includes a layered output mode that enables illustrators to refine their coloring to achieve even better results
In animation production, line art colorization is considered as mundane yet time-consuming work that requires a large amount of time to refine. China's anime market has boomed in recent years, with the number of anime fans expected to hit 400 million by the end of 2020 according to third-party research company iResearch. Meanwhile, the number of animation releases in China rose 38.7% in 2019 compared to 2018, according to data from research firm Guoduo Media.
Although a flourishing animation and comics market means that coloring artists are in high demand, rising labor costs and the low efficiency of manual colorization have emerged as obstacles hindering the expansion of animation production. The static comics colorization tools available today cannot deliver the desired colorization results for animation, which demands style consistency and high requirements for colorization quality and refinement.
The smart colorization engine developed by iQIYI, an industry first, deploys a novel approach to solving this pressing issue within the animation industry. iQIYI's smart colorization engine is expected to help increase the refresh rate of animation work and stimulate the development of China's animation and comics market by inspiring creators to produce more work.
iQIYI is committed to exploring the application of new technology to content production, and use technology to replace work that are simple and repetitive, allowing creators to focus on their ideas and improving the content production process to industrialize content production.
iQIYI has developed a suite of AI-assisted production solutions, such as Xmaking, Ysera, Aichuang Media System, covering all stages in the content production process, including shooting, asset management and post-production. The solution significantly shortens the time needed for variety show production.
iQIYI's smart colorization engine extends the reach of AI technology to the animation industry, and is expected to help drive a rise in production volume while cutting costs and maintaining quality, making the Company a pioneer in industrializing animation and comics content production.
About iQIYI, Inc. iQIYI, Inc. is an innovative market-leading online entertainment service in China. Its corporate DNA combines creative talent with technology, fostering an environment for continuous innovation and the production of blockbuster content. iQIYI's platform features highly popular original content, as well as a comprehensive library of other professionally-produced content, partner-generated content and user generated content. The Company distinguishes itself in the online entertainment industry by its leading technology platform powered by advanced AI, big data analytics and other core proprietary technologies. iQIYI attracts a massive user base with tremendous user engagement, and has developed a diversified monetization model including membership services, online advertising services, content distribution, live broadcasting, online games, IP licensing, online literature and e-commerce.
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SOURCE iQIYI, Inc.
(RTTNews) - Bank of England Governor Andrew Bailey said regulators and financial service firms must work together so businesses are able to get the finance they need to invest for the future.
At the CityUK National Conference, held on Tuesday, Bailey talked about the long-term effects of Covid-19 and the investment required to support the recovery.
Heightened uncertainty about the future tends to have negative effect on investment. Both Covid and the process of setting the future relationship with the EU have increased uncertainty, he noted.
Since the release of the Monetary Policy Report, there have been encouraging news on the vaccine front.
"If we can now see some light at the end of the tunnel, we need to focus more on important questions about how our economies will look in the future, how we want them to look, what will be the legacy of Covid, and what we can do to support and prioritise any necessary more structural changes," said Bailey.
He observed that while there appears to be no shortage of aggregate saving, investment is weak in the UK.
As well as maintaining interest rates which are consistent with achieving the inflation target, quantitative easing at a time like this can prevent an unwarranted tightening in financial conditions, Bailey said.
"At the Bank, we are emphasising work on the supply of finance for productive investment, which is important for long-term growth and for financial stability," the governor added.
SoulCycle paid for a Mercedes-Benz for one instructor to drive around the Hamptons when she taught there in the summer.
Mercedes-BenzBusiness Insider spoke with more than 30 SoulCycle insiders — including current and former riders, studio staff, instructors, and corporate employees — many of whom accused the trendy fitness company of turning a blind eye to egregious behavior because the instructors were too valuable to let go of.
Several sources said that SoulCycle fostered an environment where its instructors were treated like A-listers and it was everyone's duty to keep them happy and protected.
"The instructors are our product," one SoulCycle insider said. "Without them it doesn't exist. And they are very demanding, and it's a talent business, and as with any Hollywood business, the talent knows that they are valuable."
Riders can spend up to $90 a class for priority access to their favorite instructors' Hamptons classes through the Super Soul package. Assuming 30% of bikes in an 80-bike class were Super Soul, the total bike sales for the class would come out to nearly $5,000.
Top instructors could take home as much as $1,500 a class, a former SoulCycle executive told Business Insider. In a typical week in the summer of 2019, it was not uncommon for top instructors to teach 15 to 20 classes, according to SoulCycle's online class calendar.
In 2018 SoulCycle and its parent company, Equinox, went so far as to launch their own talent-management agency to represent their prized instructors, with the Hollywood agency WME, which represents Keanu Reeves and Charlize Theron, among others, in an advisory role.
The instructors' demands were Tinseltown-worthy.
Stacey Griffith, one of the earliest instructors whose classes were beloved by Kelly Ripa and Brooke Shields, demanded private office space in the basement at the East 83rd Street studio in Manhattan, three people said. SoulCycle granted Griffith her request despite the studio lacking sufficient storage space, two people said.
"She had a shoe collection in there," the former high-ranking employee said of Griffith's office. "She would meditate in there. She would bring her friends in there. I'm not really sure why she needed an office. She wasn't doing any admin work for the company."
Read more: SoulCycle poster child Soeuraya Wilson quit on Instagram, saying she's tired of being 'used' by a company that supports activism only 'when it is convenient for their bottom line' — we spoke with 2 Black instructors who agree
While new instructors would get a $25 gift card for their birthday, top-tier instructors would be given thousands of dollars' worth of gifts, like expensive jewelry or a leather Rag & Bone backpack. As recently as 2019, SoulCycle was paying for instructor Laurie Cole's membership to Soho House, the members-only club where an annual membership costs upwards of $2,400, according to one former high-ranking employee.
SoulCycle paid for a Mercedes-Benz for Cole to drive around the Hamptons when she taught there in the summer, two people said. In 2019 the company paid for part of the wedding of two instructors, former CEO Melanie Whelan told Business Insider last month.
The longtime New York instructor said SoulCycle was unique in the way it treated its instructors.
"We're taken care of in a way that a lot of other fitness companies actually can't afford to or haven't found a way to," this instructor said. "But there's an ego that comes with it.
"When you're treated a certain way by staff and you're treated a certain way by riders and you're on this pedestal, literally and figuratively, that changes your expectations."