Chinese government restricts the use of ChatGPT in the country

The Chinese government has asked big tech companies to limit public access to the popular chatbot. As a result, China restricted the use of ChatGPT, consequently generating drastic drops in technology stocks, lowering the daily limits of some companies by up to 10%. Check out the article and learn more.

ChatGPT will have restricted access in China

The Chinese government called for the end of free access to the popular OpenAl Chatbot, ChatGPT. According to Nikkei Asia, which was based on sources connected to the matter, Tencent Holding and Alibaba were recommended by regulators to restrict Chatbot access on their platforms, whether this access is made directly or indirectly.

This decision had direct and drastic consequences on the technology stock market, after all, the stocks that had risen with Chinese investors excited about the use of artificial intelligence plummeted quickly.

Stocks are suffering the consequences

This year, Beijing Haitian Ruisheng Science Technology's shares of artificial intelligence data more than tripled in value, however after the Chinese government's restriction, they suffered a drop impact of 8.4%.

Another valid example to highlight is Hanwang Technology, which had a reduction in the daily limit of its shares by 10%.

What is ChatGPT?

ChatGPT is a Chatbot with artificial intelligence from OpenAl that uses extremely advanced algorithms, which makes it capable of creating different types of content if requested.

Being able to hold complex conversations on a variety of subjects, produce elaborate and personalized texts and even correcting and elaborating programming codes, the Chatbot has become a real success in the world whole.

Chinese companies are trying to make up for losses

To try to get around the situation, Chinese technology companies are racing to create a Chinese alternative to replace the OpenAl chatbot that is not impeded by the government.

With that, Baidu has already confirmed that it will launch its own chatbot with artificial intelligence still in March. In addition to it, the competitor, Alibaba, is also working on its own chatbot, however the company still does not have a defined launch date.