Glory Star New Media Group Holdings Limited, ("Glory Star", the
"Company" or "we") (NASDAQ: GSMG), a leading provider of
next-generation mobile internet infrastructure and platform
services, today announced that its multimodal artificial
intelligence content creation platform CHEERS Telepathy has
recently undergone a momentous transformation, catapulting it into
the forefront of AI-driven creative tools. With a relentless
commitment to enhancing user experience and pushing creative
boundaries, CHEERS Telepathy’s creative platform continues to
redefine the landscape of digital innovation.
This groundbreaking upgrade equips CHEERS Telepathy with
unparalleled computational prowess, harnessing advanced AI
algorithms and expanding its repertoire of intelligent
functionalities. Seamlessly integrating artificial intelligence
technologies such as deep learning, big data analytics, natural
language processing, and image recognition, CHEERS Telepathy now
possesses an unrivaled ability to generate captivating and
professional-grade content in terms of copywriting and
graphics.
Unlike conventional platforms for user-generated and
professional-generated content, the latest incarnation of CHEERS
Telepathy’s creative platform strikes an exquisite balance between
productivity and excellence. By seamlessly collaborating with
artificial intelligence, it breaks down the barriers to content
creation, empowering practitioners to efficiently produce an
astonishing array of diverse content, amplifying workflow
efficiency, reducing costs, and driving the industry towards a new
era of intelligent and personalized content creation.
The upgraded CHEERS Telepathy introduces a cornucopia of
improvements and optimizations across multiple dimensions. Firstly,
it unveils an expanded suite of creative modes and captivating
style options, providing users with an abundant wellspring of
inspiration and resources. This treasure trove of high-quality
creative content empowers users to embark on unique artistic
journeys, unleashing their innovative prowess and fostering
unparalleled content diversity.
Secondly, the platform incorporates a pantheon of intelligent
assistance features and a vibrant community ecosystem, propelling
creators to new heights of capability, efficiency, and excellence
while forging avenues for collaboration and monetization. These
groundbreaking features include automated error correction,
precision tuning, and personalized creative suggestions.
Furthermore, the platform fortifies its natural language
processing capabilities in multimodal contexts, catering to the
myriad demands of creative visionaries, thus empowering them to
craft content that is unparalleled in its quality, imagination, and
innovation.
Mr. Bing Zhang, Chairman and CEO of the Company, commented: “The
monumental upgrade of CHEERS Telepathy’s creative platform empowers
the industry and its practitioners to deftly navigate the
ever-evolving technological landscape and surmount the challenges
posed by fierce market competition. CHEERS Telepathy emerges as a
trailblazer, revolutionizing digital content production and
interaction, and opening up a world of fresh opportunities and
unparalleled competitive advantages for the industry's foremost
professionals.”
For further information, please visit the official website of
CHEERS Telepathy’s creative platform: https://www.ylxai.com/ or
https://www.yuelx.ai/.
About Glory Star
As a preeminent provider of next-generation mobile internet
infrastructure and platform services in China, Glory Star is
dedicated to building a digital ecosystem that integrates
"platforms, applications, technology, and industry" into a cohesive
system, thereby creating a new, open business environment for
web3.0 that leverages AI technology. The Company is developing a
5G+VR+AR+AI shared universe space that builds on cutting-edge
technologies including blockchain, cloud computing, extended
reality, and digital twin.
Glory Star's portfolio includes a wide range of products and
services, such as Polaris Intelligent Cloud, CHEERS Telepathy,
CHEERS Open Platform, CHEERS Video, CHEERS e-Mall, CheerReal,
CheerCar, CheerChat, CHEERS Fresh Group-Buying E-commerce Platform,
Digital Innovation Research Institute, CHEERS Livestreaming,
variety show series, IP short video matrix, and more. These
offerings provide diverse application scenarios that seamlessly
blend "online/offline" and virtual/reality" elements.
With "CHEERS+" at the core of Glory Star's ecosystem, the
Company is committed to consolidating and strengthening its core
competitiveness, and achieving long-term sustainable and scalable
growth.
For more information, please visit http://ir.gsmg.co/.
Safe Harbor Statement
Certain statements made in this release are "forward looking
statements" within the meaning of the "safe harbor" provisions of
the United States Private Securities Litigation Reform Act of 1995.
When used in this press release, the words "estimates,"
"projected," "expects," "anticipates," "forecasts," "plans,"
"intends," "believes," "seeks," "may," "will," "should," "future,"
"propose" and variations of these words or similar expressions (or
the negative versions of such words or expressions) are intended to
identify forward-looking statements. These forward-looking
statements are not guarantees of future performance, conditions or
results, and involve a number of known and unknown risks,
uncertainties, assumptions and other important factors, many of
which are outside the Company's control, that could cause actual
results or outcomes to differ materially from those discussed in
the forward-looking statements. Important factors, among others,
are: the ability to manage growth; ability to identify and
integrate other future acquisitions; ability to obtain additional
financing in the future to fund capital expenditures; fluctuations
in general economic and business conditions; costs or other factors
adversely affecting our profitability; litigation involving
patents, intellectual property, and other matters; potential
changes in the legislative and regulatory environment; a pandemic
or epidemic; the occurrence of any event, change or other
circumstances that could affect the Company's ability to continue
successful development and launch of its metaverse experience
centers; the possibility that the Company may not succeed in
developing its new lines of businesses due to, among other things,
changes in the business environment and technological developments,
competition, changes in regulation, or other economic and policy
factors; disruptions or other business interruptions that may
affect the operations of our products and services, the possibility
that the Company's new lines of business may be adversely affected
by other economic, business, and/or competitive factors; other
factors, risks and uncertainties set forth in documents filed by
the Company with the Securities and Exchange Commission from time
to time, including the Company's latest Annual Report on Form 20-F
filed with the SEC on March 22, 2023, as amended. The Company
undertakes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as required by applicable law. Such
information speaks only as of the date of this release.
For investor and media inquiries, please
contact:
Wealth Financial Services LLC
Connie Kang, Partner
Email: ckang@wealthfsllc.com
Tel: +86 1381 185 7742 (CN)
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