Chinese state media and AI companies have warned of the risks associated with a recent stock frenzy surrounding ChatGPT, an artificial intelligence-powered chatbot.
The Chinese government has issued a warning about the potential risks of investing in ChatGPT, a company that uses artificial intelligence (AI) to power its chatbot technology. The warning comes after the company’s shares surged more than tenfold since their debut on February 1st.
In an article published by China’s official news agency Xinhua on Monday, experts from leading AI companies such as Baidu and Tencent said investors should be aware of the potential risks involved in investing in ChatGPT due to its lack of experience and track record. They also noted that many investors may not fully understand how AI works or what it can do for them.
The article further highlighted concerns over whether or not ChatGPT is capable of delivering on its promises given its limited resources and capabilities compared to larger tech firms like Alibaba Group Holding Ltd., which has invested heavily into developing AI technologies over the past few years.
ChatGPT was founded last year by former Microsoft executive Li Zhiyong who had previously worked at Google before joining Microsoft in 2014 as head of research for Asia Pacific region. The company claims it can use natural language processing (NLP) algorithms to help users communicate better with computers through text messages or voice commands, allowing them to ask questions or give instructions without having to type out long sentences every time they want something done.
In addition, some analysts have raised doubts about whether this technology will actually be able to deliver on these promises given that NLP is still relatively new and untested when compared with other forms of machine learning such as deep learning algorithms which are already being used widely across various industries today including healthcare, finance and retail sectors among others.
Despite these warnings from both Chinese state media outlets and industry experts alike, many investors remain undeterred by these cautionary tales as evidenced by the continued surge in share prices since their initial listing earlier this month – reaching highs above $50 per share at one point before settling back down around $30 per share currently – suggesting that there could still be plenty more upside left for those brave enough to take a chance on this fledgling tech firm despite all odds stacked against it right now..
As always though, any investment decision should only be made after careful consideration so make sure you do your own due diligence first before taking any action!
Reuters
