By FENG Yuchen
ChatGPT, the artificial intelligent chatbot developed by OpenAI, has moved the Chinese stock market. Companies related to chatbots have seen their share prices rise steeply over the past few days.
On Monday, Hanwang Technology hit a sixth consecutive 10 percent up limit to close at 29.66 yuan (US$4.37), up by 77.18 percent in six trading days. The company is known for its recognition technology and intelligent interactive products. It is expected to record a loss in 2022.
AI data service provider SpeechOcean has doubled over the last six trading days. It closed at 139.56 yuan on Monday. The company is expected to have made as much as 30 million yuan last year, down 11.4 percent year-on-year.
Later on Monday, SpeechOcean said the natural language processing (NLP) on which Chat GPT is based contributed only contributed about 10 percent to the company's business landscape. The company is not working with OpenAI at the moment.
Securities firms are cautious. Caitong Securities tried to generate research reports using ChatGPT, but the bot failed to translate professional terms correctly. Some complex sentences were impossible to understand.
CMC Securities said ChatGPT is unlikely to replace search engines anytime in the near future. Its algorithm captures too much information and can’t accurately tell which is true. Generating each search result costs US$0.13, which is a huge amount of money considering how many people are searching.
CMC said while the accuracy of the algorithm can be fixed, the cost remains a major block.
