China’s search for an answer to ChatGPT is just beginning

News Snapshot:

The search for hot artificial intelligence stocks is under way in China as local companies create their answer to ChatGPT. China’s biggest AI systems company SenseTime is a veteran of this technology; the latest version of its generative AI model has been going through upgrades at a rapid pace. Given its rock-bottom valuation, the company’s head start in AI could outweigh the obvious risks weighing on its valuation. The company revealed the latest version of SenseNova 5.0 during its Tech Day event in Shanghai on Tuesday. The next day its share price jumped more than 30 per cent. This update...