Cheer Holding, Inc. (NASDAQ: CHR) (“Cheer Holding” or the
“Company”), a leading provider of advanced mobile internet
infrastructure and platform services, today announced the
comprehensive upgrade of CHEERS Telepathy to the more powerful Ver.
2.5. This upgrade represents not only a technical innovation but
also a significant advancement in application capabilities,
integrating an innovative set of AI application tools. The
optimized technical architecture further enhances its application
capacity, providing content creators with intelligent, efficient,
and convenient creative solutions.
Technical Innovation: A Full-Process Intelligent
Creation Tool Set
With the launch of Ver. 2.5, CHEERS Telepathy introduces a
comprehensive application tool set that includes core
functionalities such as text generation, text-to-image, image
processing, and video generation, effectively reconstructing the
content creation process. Notably, the content generated by CHEERS
Telepathy boasts a high degree of originality, significantly
reducing the risk of copyright disputes and addressing common pain
points for content creators.
The visual module is one of the most popular features of CHEERS
Telepathy, with over 80% of daily active users utilizing it for
their creative work. Leveraging the Polaris Intelligent Cloud Plus
large model and the optimized Diffusion Transformer video
generation architecture, the video generation technology has been
completely upgraded for enhanced performance. Users can now
generate a 10-second, 30 fps, 1080P high-definition video simply by
inputting a text or an image on an 8G GPU server. This innovative
capability positions CHEERS Telepathy among the few applications in
the industry that allows control over the first and last frames of
videos generated from images.
Image Processing: Enhanced Speed and
Quality
Thanks to its robust distributed computing power, the upgraded
CHEERS Telepathy achieves a 30% increase in image generation speed
compared to the previous version, supporting high-concurrency
output of 3K resolution images. By training its high-precision AI
model using a 4K resolution dataset, CHEERS Telepathy now offers
creators superior detail representation and color accuracy.
Additionally, the new version features a Pro mode for
text-to-image generation, which includes a library of 75 artistic
styles, spanning traditional oil painting, modern illustration, and
futuristic science fiction. This functionality significantly
enhances the flexibility and diversity of AI-generated
creations.
User Experience: 95% Satisfaction Among C-End
Users
Through extensive user analysis and surveys, CHEERS Telepathy
has implemented a new iterative optimization of product interaction
in Ver. 2.5. Upholding the principle of simplicity, this iteration
better aligns with users' needs, particularly in everyday creative
scenarios. Users have praised the efficiency and functionality of
the utility tool module of CHEERS Telepathy.
E-Commerce Zone: Empowering B-End to Enter the
Professional Market
To meet the operational demands of the e-commerce sector, Ver.
2.5 introduces the E-Commerce Zone module, specifically designed
for e-commerce practitioners. This module supports high-quality AI
features such as virtual clothing try-ons, background changes for
models, dress form image generation, and product view creation. Its
exceptional functionality significantly reduces the time required
for shooting and post-production, allowing high-quality finished
products to be generated in just seconds. This advancement
drastically shortens the production time for e-commerce materials,
greatly enhancing efficiency. Currently, the E-Commerce Zone of
CHEERS Telepathy provides stable services to institutions in the
e-commerce industry, becoming a crucial tool for cost savings and
efficiency, marking a key step in CHEERS Telepathy's expansion into
the B-end market.
As CHEERS Telepathy continues to iterate and upgrade its
multimodal products, it will develop more tools for specialized
scenarios, broaden the application fields of AI tools, provide
customized solutions for various industries, and accelerate the
popularization and application of intelligent creation
technology.
About Cheer Holding, Inc.
As a preeminent provider of next-generation mobile internet
infrastructure and platform services in China, Cheer Holding is
dedicated to building a digital ecosystem that integrates
“platforms, applications, technology, and industry” into a cohesive
digital eco-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.
Cheer Holding’s portfolio includes a wide range of products and
services, such as CHEERS Telepathy, CHEERS Video, CHEERS e-Mall,
CHEERS Open Data, CheerReal, CheerCar, CheerChat, Polaris
Intelligent Cloud, AI-animated short drama series, short video
matrix, variety show series, Livestreaming, and more. These
offerings provide diverse application scenarios that seamlessly
blend “online/offline” and “virtual/reality” elements.
With “CHEERS+” at the core of Cheer Holding’s digital ecosystem,
the Company is committed to utilizing innovative product
applications and technologies to drive its 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 14, 2024, 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 LLCConnie Kang,
PartnerEmail: ckang@wealthfsllc.comTel: +86 1381 185 7742
(CN)
Cheer (NASDAQ:CHR)
Historical Stock Chart
From Nov 2024 to Dec 2024
Cheer (NASDAQ:CHR)
Historical Stock Chart
From Dec 2023 to Dec 2024