GD Culture Group Limited reported financial results for the fiscal year ended December 31, 2023. The company recorded no revenue from continuing operations while operating expenses increased to $12.0 million from $0.4 million in 2022, primarily due to increased investments in digital human and e-commerce live streaming marketing, research and development, and administrative costs.The company has strategically repositioned its business to focus on three key segments: AI-driven digital human creation and customization, live streaming e-commerce, and live streaming interactive gaming. Through its subsidiaries AI Catalysis and Shanghai Xianzhui, GDC is developing AI-powered digital human applications and expanding its presence on social media platforms, particularly TikTok.As of December 31, 2023, the company maintained a strong balance sheet with cash and cash equivalents...Show More

GD Culture Group Limited reported financial results for the fiscal year ended December 31, 2023. The company recorded no revenue from continuing operations while operating expenses increased to $12.0 million from $0.4 million in 2022, primarily due to increased investments in digital human and e-commerce live streaming marketing, research and development, and administrative costs.The company has strategically repositioned its business to focus on three key segments: AI-driven digital human creation and customization, live streaming e-commerce, and live streaming interactive gaming. Through its subsidiaries AI Catalysis and Shanghai Xianzhui, GDC is developing AI-powered digital human applications and expanding its presence on social media platforms, particularly TikTok.As of December 31, 2023, the company maintained a strong balance sheet with cash and cash equivalents of $5.2 million compared to $0.4 million in 2022. The company completed several capital raises during 2023, including registered direct offerings in May and November, generating net proceeds of approximately $17.6 million to fund working capital and growth initiatives. Management remains focused on executing its digital transformation strategy and expanding its market presence in the virtual content production industry.