BEIJING, Sept. 19, 2023 (GLOBE NEWSWIRE) — 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.”
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.
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