China's Baidu, SenseTime surge on launch of ChatGPT-like bots to public

SenseTime

31/08/2023 08:49

** Shares of Chinese language Internet search provider Baidu
Inc  9888.HK  rise 4.8% to HK$143.10, their highest since Aug.
8, and on course for a fourth straight session of gains
    ** Stock set for biggest one-day pct rise since July 25, if
gains hold; fifth biggest pct gainer in the Hang Seng Tech Index
 .HSTECH 
    ** Four Chinese tech firms, including Baidu and SenseTime
Group  0020.HK , launched their artificial intelligence (AI)
chatbots to the public after receiving government approval, as
China's government pushes to widen the use of such products amid
competition with the United States
    ** Baidu said its ChatGPT-like chatbot, Ernie Bot, was now
fully accessible to the public, while a SenseTime spokesperson
said its chatbot, SenseChat, was also now "fully available to
serve all users"
    ** Two AI startups, Baichuan Intelligent Technology and
Zhipu AI, also announced similar public launches
    ** Shares of SenseTime jump 7.3% to HK$1.62, highest since
Aug. 15
    ** The Hang Seng Composite Index on information technology
firms  .HSCIIT  falls 1.2%, while the Hang Seng Tech Index slips
0.8%
    ** The Hang Seng China Enterprises Index  .HSCE  and the
Hang Seng Index  .HSI  ease 0.7% and 0.8%, respectively
    

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))