Sentiment surrounding China’s SenseTime Group Inc. rose rapidly as it experienced its largest intraday surge in two months. It was triggered by reports that the country’s most priceless AI business was ready to introduce an opponent to the AI sensation ChatGPT.
Shares of the SoftBank Group Corp.-backed firm surged to an 18% high on Tuesday, fueled by speculation that they would introduce an advanced AI model in the upcoming week. This addition to the number of software companies taking on OpenAI has caused stocks to skyrocket.
Confirming the news, a representative from SenseTime informed me that invitations to an upcoming media event would soon be sent out. Details of the event have not been revealed.
As we continue to push the boundaries of what is possible with AI, it is important to remember that these technologies have the potential to revolutionize the way we live and work. However, we must approach AI development and implementation with a thoughtful and ethical perspective, considering AI’s potential benefits, risks, and challenges. By doing so, we can ensure that AI is used to serve the greater good and contribute to a more just and equitable society for all.
Source: bloomberg.com
