China AI Stocks Sink on Call for State to Stem Bubble Risk
- Improved monitoring needed to curb speculation: Economic Daily
- Shares have surged in China after ChatGPT was unveiled
A screen shows an augmented reality application at the SenseTime Group headquarters in Shanghai.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Chinese shares related to artificial intelligence plunged after a state media outlet urged authorities to step up supervision of potential speculation.
The ChatGPT concept sector has “signs of a valuation bubble,” with many companies having made little progress in developing the technology, the Economic Daily wrote in a commentary Monday.