Aurora Mobile rides ChatGPT wave, leads China firms' rally
08/02/2023 13:50
** U.S-listed shares of Aurora Mobile Ltd JG.O and
Zhongchao Inc ZCMD.O jump premarket after the China-based
firms announce they will apply ChatGPT's technology
** JG, which provides messaging services, jumps 24.4% to
$1.00; says it will use ChatGPT's tech to enhance its push
notification service
** Healthcare IT services firm ZCMD to use the AI tech to
improve patient interaction and management; shares up 5.8% at
$1.18
** Microsoft Corp's MSFT.O investment in OpenAI, the
startup behind the chatbot sensation ChatGPT, has sparked a race
among tech and other companies to step up their AI services
** U.S.-listed shares of Alibaba BABA.N jump 3.9% after
the e-commerce co says it is developing a ChatGPT-style AI tool
** Hong Kong-based trading platform Lion Group Holding
LGHL.O also climbs 8.4% after saying it will explore the
possibility of leveraging ChatGPT's tech
** JG lost 38% in 2022, while ZCMD lost 35%
(Reporting by Amruta Khandekar)
((Amruta.Khandekar@thomsonreuters.com;))