CHEERS Telepathy AI Multimodal Application Upgraded, Supporting Overseas Users

Rhea-AI Summary

Cheer Holding, Inc. (NASDAQ: CHR) has announced a comprehensive upgrade of its CHEERS Telepathy AI Multimodal Application to Ver. 2.3. The upgrade includes enhanced capabilities and support for overseas users in the United States and Asia Pacific. Key features of the upgrade include:

1. A new interactive function allowing users to create live, talking images from photos
2. Support for users in 12 countries and regions
3. Improved Text-to-Image and Text-to-Video functions
4. Enhanced AI Image Expansion and Sketch Rendering capabilities
5. Upgraded AI Repair functionality for better image and video processing

These improvements aim to provide users worldwide with richer, more diverse, and realistic AI-powered experiences.

Positive

• Expansion of user base to 12 countries and regions, including major markets like the US, Japan, and India
• Comprehensive upgrade of CHEERS Telepathy to Ver. 2.3 with enhanced AI capabilities
• Introduction of new interactive features for creating live, talking images from photos
• Improvements in various AI functions including Text-to-Image, Text-to-Video, and AI Repair

Negative

• None.

Insights

Tech Expert

The upgrade of CHEERS Telepathy to version 2.3 represents a significant advancement in AI-powered multimedia applications. The expansion to support users in 12 countries, including major markets like the US, Japan and India, indicates a strong push for international growth. Key improvements in text-to-image, text-to-video, AI image expansion, sketch rendering and AI repair showcase Cheer Holding's commitment to enhancing user experience and expanding capabilities.

The new live image creation feature, allowing photos to be animated and interactive, could be a game-changer in the social media and content creation space. This technology has potential applications in marketing, entertainment and personal communication. The improved Chinese semantic parsing ability suggests better localization for the Chinese market, which could be important for domestic growth.

However, while these advancements are impressive, their immediate impact on Cheer Holding's financials remains uncertain. The company will need to effectively monetize these features and attract a significant user base to see a substantial return on investment. The success of this upgrade will likely depend on user adoption rates and the company's ability to leverage these technologies for revenue generation.

Market Research Analyst

The expansion of CHEERS Telepathy to international markets, particularly the US and Asia Pacific, opens up significant growth opportunities for Cheer Holding. This move aligns with the global trend of increasing demand for AI-powered multimedia tools. The diverse range of upgrades, from text-to-image to AI repair, positions the app competitively in the rapidly evolving AI application market.

However, Cheer Holding faces stiff competition from established players like Adobe and emerging AI startups. The company's success will hinge on its ability to differentiate its offerings and capture market share in a crowded field. The unique live image animation feature could be a key differentiator if marketed effectively.

For investors, this development signals Cheer Holding's ambition and technological capabilities. Yet, with a market cap of just $25.5 million, the company's ability to fund extensive marketing and further R&D may be Investors should monitor user acquisition costs, retention rates and revenue per user in the coming quarters to gauge the success of this international expansion and product upgrade.

BEIJING, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Cheer Holding, Inc. (NASDAQ: CHR) (“Cheer” or the “Company”), a leading provider of advanced mobile internet infrastructure and platform services, announced today that CHEERS Telepathy has been comprehensively upgraded to Ver. 2.3 in multiple modes, with more powerful applications and capable of supporting overseas users in the United States and Asia Pacific.

The brand-new interactive function allows ordinary users to easily access AI applications with just one touch, to create live images, where any photo could be animated to talk and interact with users. CHEERS Telepathy is now supporting users in 12 countries and regions, including the United States, Japan, South Korea, Singapore, India, Vietnam, Indonesia, Malaysia, Mainland China, Hong Kong, Macao and Taiwan.

In addition, CHEERS Telepathy has also undergone powerful functional upgrades in the following five areas, including,

1. Text-to-Image: enhance Chinese semantic parsing ability, and improve image quality and detail representation.
2. Text-to-Video: optimize the dynamic effects of video generation to enhance the visual experience.
3. AI Image Expansion: AI expansion capabilities have been upgraded, making seamless expansion more flexible.
4. Sketch Rendering: improve sketch rendering effects and enhance product rendering capabilities.
5. AI Repair: the upgrading of AI high-definition repair effect makes the polishing and processing of images and videos more refined and efficient. The improvement of this technology can not only better restore old, damaged, or low-resolution images to significantly enhance their quality, but also provide stronger support for professional image processing and video production.

With continuous breakthroughs and progress in the underlying technology of Cheer Holding’s large models, CHEERS Telepathy has achieved major development at the application level. Its rich, diverse, and realistic effects bring unprecedented experiences to more users around the world.

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 AI-powered content creation platform CHEERS Telepathy, CHEERS Lifestyle, CHEERS e-Mall, Yaoshi TTX, CheerReal, CHEERS Open Data Platform, CheerCar, CheerChat, CHEERS Fresh Group-Buying E-commerce Platform, Polaris Intelligent Cloud, Digital Innovation Research Institute, AI-animated short drama series, CHEERS video matrix, IP short video matrix, variety show series, CHEERS 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 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)

FAQ

What new features does CHEERS Telepathy Ver. 2.3 offer?

CHEERS Telepathy Ver. 2.3 offers a new interactive function for creating live, talking images from photos, improved Text-to-Image and Text-to-Video functions, enhanced AI Image Expansion and Sketch Rendering capabilities, and upgraded AI Repair functionality for better image and video processing.

In which countries is CHEERS Telepathy now available?

CHEERS Telepathy is now available in 12 countries and regions, including the United States, Japan, South Korea, Singapore, India, Vietnam, Indonesia, Malaysia, Mainland China, Hong Kong, Macao, and Taiwan.

How has the AI Repair function in CHEERS Telepathy been improved?

The AI Repair function in CHEERS Telepathy has been upgraded to provide better high-definition repair effects, allowing for more refined and efficient polishing and processing of images and videos. It can now better restore old, damaged, or low-resolution images and provide stronger support for professional image processing and video production.

What is the stock symbol for Cheer Holding, Inc.?

The stock symbol for Cheer Holding, Inc. is CHR, and it is listed on NASDAQ.