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

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 66%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

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

ChatGPT mania pumps up Chinese AI technology stocksSHANGHAI : Chinese artificial intelligence stocks are the latest rage in mainland markets as the global frenzy around the Microsoft-backed ChatGPT chatbot spurs speculative bets on the revolutionary computing technology.Just two months after its launch, ChatGPT - which can generate articles, essays, jokes
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »