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

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SHANGHAI : 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.Frenzy around the ChatGPT chatbot has spurred speculative bets in

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

The Securities Times in a front-page editorial highlighted several technological concepts that 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.

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