BEIJING, July 18,
2023 /PRNewswire/ -- Glory Star New Media Group
Holdings Limited, ("Glory Star" or
the "Company") (Nasdaq: GSMG), a leading digital media platform and
content-driven e-commerce company in China, today announced the launch of CHEERS
Telepathy, a groundbreaking artificial intelligence (AI) content
creation platform that incorporates multimodal functions. Powered
by CHEERS AI's intelligent cloud-based service "Polaris", CHEERS
Telepathy offers a glimpse into the future of art, by providing a
stable and reliable AI content creation experience that allows for
unprecedented possibilities of art and creativity.
Glory Star has taken the market
by storm with its innovative approach to build mobile internet
ecology and infrastructure services. The Company has been at the
forefront of AI generated content development to help users enhance
creative assets, speed up business operations, and deepen marketing
insights. CHEERS Telepathy is able to generate multiple versions of
content based on users' preferences, needs and previous designs. It
can help analyze audience's profile and create unique and alternate
versions of synthetic media content based on built-in algorithm and
deep learning technologies that are enhanced via mass-data
collection and analysis.
CHEERS Telepathy's many functions makes it a perfect content
creation tool without a steep learning curve for users starting
with no background in design. For graphics creation, It is easily
navigable for beginners to identify design and usability metrics
that can personalize content creation and improve user engagement.
In addition, CHEERS Telepathy is able to automate tasks ranging
from content writing to data extraction and translation, and can
quickly create a piece of compelling and informative original
article that not only provides insights but resonates with a user's
target audience.
CHEERS Telepathy also takes AI-powered communication to a whole
new level. Utilizing a GPU cluster with massive language processing
and extensive data analysis, it incorporates Polaris model training to enable a
natural and seamless human-machine dialogue experience, creating
tons of hyper-relevant topics in this "always-on" digital world to
reach audiences all over the globe.
Mr. Bing Zhang, Chairman and Chief Executive Officer of
Glory Star, commented: "The advent
of Web3, the metaverse and other immersive technologies makes the
once daunting experience of building 3D content increasingly within
reach for everyone. CHEERS Telepathy is there to break boundaries
with its versatile usage from content creation and enhancement to
automatic synthetic media generation and analysis."
"AI tools have matured over the years and we are developing
CHEERS Telepathy to be more than just a builder of amazing,
mind-blowing and unique content – it is a revolutionary production
tool and solutions provider that can be an assistant, project
manager and editor all-in-one. As once-predominantly physical
processes are shifting to the digital world, CHEERS Telepathy opens
up endless possibilities of what technology can offer and makes
everyone a creator. It is easily accessible to everyone which makes
CHEERS Telepathy a truly scalable platform. We are confident that
it will help drive Glory Star's
sustained development and high-growth performance."
CHEERS Telepathy can be accessed via https://www.ylxai.com.
About Glory Star
As a preeminent provider of next-generation mobile internet
infrastructure 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 platform, 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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SOURCE Glory Star New Media Group Holdings Limited