Naver Jumps Most in 9 Months After Korea ChatGPT Rival Debut
- Stock jumps 9% on news of Korean search leader’s AI efforts
- Naver sees AI transformation sparking a new era for business
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Naver Corp., South Korea’s online media and services leader, gained its most in three quarters after unveiling the country’s answer to ChatGPT.
Shares rose as much as 9.1%, their biggest intraday jump in nine months, after Chief Executive Officer Choi Soo-yeon introduced several generative AI services at a conference in Seoul Thursday. The news came hours after Nvidia Corp., the go-to provider of AI accelerators, offered another blowout sales forecast and dispelled any fears of waning momentum for the nascent tech.