Chinese A.I. stocks jump on growing ChatGPT interest, state media warns of risks

, surged a record intraday high on Wednesday as investors continued to bet on the rising sector, according to FactSet data.Chinese state media also warned traders about the risks of betting on AI-related companies.saying some companies are "simply riding on concept without conducing actual businesses," citing previous hypes surrounding 5G, augmented reality and virtual reality.

AI-related in South Korea have also seen a recent surge in stock prices on the heightened attention in the sector. Seoul-listed Konan Technology rose about 230% year-to-date, Selvas AI surged 110% so far this year, and Neuromeka is higher by more than 70%. Since January, Minds Lab is up 53% and Saltlux rose about 65%.

China will fall behind in the chatGPT race because AI will not able to be biase on misinformation that is part of a goverment propoganda apparatus

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Google and Microsoft's AI arms race could have 'unintended consequences,' an AI ethicist warns | CNN Business'The rapid emergence of the technology has also raised serious ethical questions, especially since it is being taken to market at a breakneck speed,' writes Oliver Darcy | Analysis
Source: CNN - 🏆 4. / 95 Read more »

Chinese state media, AI companies warn of risks in ChatGPT stock frenzyChinese 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. No original at all
Source: Reuters - 🏆 2. / 97 Read more »