BEIJING - Cheer Holding, Inc. (NASDAQ: CHR), a key player in mobile internet infrastructure and platform services, has announced the acquisition of a significant invention patent certificate from the National Intellectual Property Administration. The patent pertains to the company's innovation titled "Method and System for Establishing an Artificial Intelligence Question-Answering Knowledge Base," marking a notable advancement in the artificial intelligence (AI) sector.
The patent reflects Cheer Holding's contribution to the AI industry, particularly in the realm of information comprehension—a challenge highlighted by the China State Council's "Next-Generation Artificial Intelligence Development Plan" as a foundational technology. The company's method involves a series of steps that begin with collecting input sentences from an AI cloud platform. The system is designed to filter out irrelevant characters and convert textual information into numerical representations. This process aids in identifying key information phrases and generating initial matching answers. A matching algorithm then selects the most suitable answer to form an intelligent question-answering knowledge base.
This development is expected to enhance the efficiency of processing input sentences, leading to a more targeted and swift construction of AI knowledge bases. The patent acquisition further cements Cheer Holding's status as a frontrunner in the AI domain and underscores its commitment to innovation.
Cheer Holding's ecosystem includes various products and services that integrate technologies such as blockchain, cloud computing, extended reality, and digital twin. These offerings range from Polaris (NYSE:PII) Intelligent Cloud to CHEERS Telepathy, CHEERS Open Platform, and CHEERS Fresh Group-Buying E-commerce Platform, among others. The company's ecosystem is centered around CHEERS+, aiming to strengthen its core competitiveness and ensure sustainable growth.
The information provided in this article is based on a press release statement from Cheer Holding, Inc. The company's latest Annual Report on Form 20-F was filed with the SEC on March 22, 2023.
InvestingPro Insights
As Cheer Holding, Inc. (NASDAQ: CHR) forges ahead in the AI industry with its latest patent acquisition, investors may find it insightful to consider some key financial metrics and expert analysis. According to InvestingPro data, Cheer Holding boasts a remarkably low Price / Book multiple of 0.11 and an impressive Gross Profit Margin of 72.22% as of the last twelve months up to Q2 2023. These figures suggest a company with strong profitability relative to its book value, a potentially attractive proposition for value investors.
InvestingPro Tips highlight that Cheer Holding holds more cash than debt on its balance sheet and has a gross profit margin that stands out in its sector. Additionally, the Relative Strength Index (RSI) indicates that the stock is currently in oversold territory, which could signal a buying opportunity for contrarian investors or those looking for potential turnaround stories. However, it's noteworthy that the stock has experienced significant price declines over various periods, including a 78.49% drop over the past year, which underscores the importance of a cautious approach.
For those looking to delve deeper into Cheer Holding's financials and strategic positioning, InvestingPro offers additional expert tips. Use coupon code SFY24 to get an additional 10% off a 2-year InvestingPro+ subscription, or SFY241 to get an additional 10% off a 1-year InvestingPro+ subscription. There are 18 additional InvestingPro Tips available, which could provide further guidance on whether Cheer Holding aligns with your investment strategy.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.