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Chinese state media, AI companies warn of risks in ChatGPT stock frenzy

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Chinese state media on Thursday cautioned against risks in chasing ChatGPT-concept stocks, while artificial intelligence (AI) companies urged investors to be rational after their soaring share prices caught regulators' attention.

Though some hotly chased concepts have been successful, "many more new ideas haven't been commercialised, or require more time to prove," the state-backed newspaper said.

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.said its ChatGPT-style products and services do not yet generate revenue, and that it has no relationship with OpenAI.

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