NexOptic, a company developing cutting-edge AI and imaging technologies, today announced the results of its internal testing of NexCompress, its flagship video compression AI technology. NexOptic also reports that it will be hosting a LIVE demonstration of NexCompress™ today at 1:15 am PST. Those interested can access the event here: NexCompressLIVEbroadcast
As part of its commercialization strategy, NexOptic has included a select group of interested companies on its review portal, allowing these potential customers to test NexCompress in real time with their own video data. The first feedback was overwhelmingly positive. The private self-service portal helps increase the number of potential customers who can evaluate NexCompress while reducing the strain on NexOptic’s internal development resources.
The company’s internal testing focused on evaluating NexCompress’ capabilities for high-end streaming applications. NexOptic used the Netflix open-source content, which includes seven studio-quality short films provided by Netflix, as a “common reference for prototyping cutting-edge technologies.” NexOptic evaluated more than 2000 data points using Netflix’s Video Multi-Method Assessment Fusion (“VMAF”) rating system. Test results showed that NexCompress is able to deliver bandwidth savings of 10% to 60%, as delivered via Netfix’s VMAF, depending on the content.
“We are pleased to announce these impressive results from our internal testing of NexCompress with Netflix open-source content,” said Paul McKenzie, CEO of NexOptic. “The bandwidth savings achieved by NexCompress are impressive and we are confident that our technology can help streaming services reduce their data usage and energy consumption and ultimately save money.”
NexOptic is taking a two-pronged approach to commercializing NexCompress, using both cloud and hardware solutions. The company is currently evaluating a shortlist of AI cloud and hardware vendors as part of its go-to-market strategy. The selection of the top hardware/cloud provider is expected within the next four weeks.
