SHANGHAI – Chinese state media on Thursday (Feb 9) cautioned against risks in chasing local ChatGPT-concept stocks, while domestic artificial intelligence (AI) companies urged investors to be rational after their soaring share prices caught regulators' attention. ChatGPT, a chatbot developed by US firm OpenAI and backed by Microsoft Corp, gives strikingly human-like responses to user queries. Frenzy around the technology...
A keyboard is seen reflected on a computer screen displaying the website of ChatGPT, an AI chatbot from OpenAI, in this illustration picture taken Feb 8, 2023.SHANGHAI – Chinese state media on Thursday cautioned against risks in chasing local ChatGPT-concept stocks, while domestic artificial intelligence companies urged investors to be rational after their soaring share prices caught regulators' attention.
The stocks retreated on Thursday after the state media warning as well as a slump in Alphabet Inc shares that wiped out $US100 billion in market value after theIn a front-page editorial, the Securities Times highlighted several technological concepts that previously spurred stock buying in China – such as fifth-generation telecommunications networks , augmented reality , virtual reality and anti-virus garments – the excitement for which has died down.
Companies developing ChatGPT-like concepts have also flagged risks at the request of regulators after their prices shot up amid intense interest in generative AI – technology that can generate new data and media such as text and images. 360 Security Technology Co Inc, in response to regulators' queries, said its self-developed ChatGPT-related technology is still at a nascent stage and is used only internally as a productivity tool.
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