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