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Search resuls for: "CloudWalk Technology"


4 mentions found


☆ Chinese AI arrives by stealth, not with a bang
  + stars: | 2023-07-28 | by ( Robyn Mak | Thomson Reuters | Robyn Mak Joined Reuters Breakingviews In Previously | ) www.reuters.com   time to read: +6 min
“In the age of AI, where data is the new oil, China is the new Saudi Arabia”, venture capitalist Lee Kai-fu declared in 2018. Washington may soon tighten export restrictions to China by targeting AI semiconductors, according to the Wall Street Journal. A slowing economy and brutal price war in the fiercely competitive cloud market will only make monetising AI products harder. China’s AI moment has arrived, only with far less promise than initially hoped. China wants to become a world leader in AI by 2030, according to a 2017 roadmap released by the State Council.
Persons: Lee Kai, OpenAI's, Xi Jinping, Goldman Sachs, Robin Li, Baidu’s, Bernstein, SenseTime, Xi, Una Galani, Thomas Shum Organizations: Reuters, Saudi Arabia ”, OpenAI's ChatGPT, European Union, Baidu, HK, Nasdaq, Washington, Wall Street, Nvidia, AMD, Microsoft, CloudWalk Technology, Cyberspace Administration, China, State, Thomson Locations: HONG KONG, China, Republic, Saudi Arabia, United States, Beijing, York, Shanghai
☆ Chinese A.I. stocks jump on growing ChatGPT interest, state media warns of risks
  + stars: | 2023-02-09 | by ( Jihye Lee | ) www.cnbc.com   time to read: +1 min
Visitors walk past a stand with AI (artificial intelligence) security cameras using facial recognition technology at the 14th China International Exhibition on Public Safety and Security at the China International Exhibition Center in Beijing in 2018. With growing interest surrounding OpenAI's ChatGPT, stocks related to artificial intelligence listed in mainland China have soared this year – with one company having tripled in valuation since January. Alibaba told CNBC it's working on a rival product similar to ChatGPT, while Baidu announced earlier this week it will launch "Ernie bot," its own artificial intelligence chatbot. Hanwang Technology is up 124% and CloudWalk Technology Company rose 105% as of Wednesday's trading session. "Please pay attention to investors, avoid capital risks, hype, make rational decisions, and invest prudently," it said in a Tuesday filing.
☆ Chinese state media, AI companies warn of risks in ChatGPT stock frenzy
  + stars: | 2023-02-09 | by ( ) www.reuters.com   time to read: +2 min
SHANGHAI, Feb 9 (Reuters) - 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 China's stock market, pumping up AI firms such as TRS Information Technology Co Ltd (300229.SZ), Hanwang Technology Co Ltd (002362.SZ) and CloudWalk Technology Co Ltd (688327.SS). ChatGPT, developed by OpenAI and backed by Microsoft Corp (MSFT.O), gives strikingly human-like responses to user queries. The Securities Times in a front-page editorial highlighted several technological concepts that spurred stock buying in China, such as fifth-generation telecommunications networks (5G), augmented reality (AR), virtual reality (VR) 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.
☆ ChatGPT mania pumps up Chinese AI technology stocks
  + stars: | 2023-02-07 | by ( ) www.reuters.com   time to read: +3 min
While ChatGPT is not accessible in China, mainland investors are still pumping up the shares of AI technology companies such as Hanwang Technology Co (002362.SZ), TRS Information Technology Co (300229.SZ) and Cloudwalk Technology Co (688327.SS). To be sure, there is no indication that these AI companies are close to pushing out a ChatGPT-like product. Cloudwalk shares have more than doubled in the seven trading days since the Lunar New Year holidays. Other companies that have disclosed their progress in AI technology include TRS Information Technology, and Beijing Haitian Ruisheng Science Technology Ltd (688787.SS). Retail investor Lu Deyong has purchased shares in TRS and iFlytek and is seeking to profit from the ChatGPT hype.
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