Opera Ltd jumps on tie-up with popular chatbot firm OpenAI

Opera

27/02/2023 14:19

** U.S.-listed shares of browser company Opera Ltd  OPRA.O 
jump ~14% to $8.31 premarket
    ** OPRA partners with OpenAI to incorporate the Microsoft
Corp-backed  MSFT.O  platform's AI-powered language engine into
its mobile and web browsers and other products
    ** OpenAI's ChatGPT, with its ability to generate content
and answer questions, has prompted search engine giants from
Alphabet Inc's Google  GOOGL.O  to China's Baidu Inc  9888.HK 
 BIDU.O  to develop their own offerings
    ** Opera had earlier announced plans to add AI-generated
content services to the browser sidebar
    ** Company also forecasts Q1 revenue between $83 mln and $85
mln, higher than analysts' est of $81.5 mln - Refinitiv
    ** OPRA's U.S. shares up ~30% YTD

 (Reporting by Yuvraj Malik)
 ((yuvraj.malik@thomsonreuters.com))