# ChatGPT Fervor Is So Hot That Chinese Firms Call for Caution | Tech News (HT Tech) > The fast and furious rally in China’s ChatGPT shares looks set to fade as tech firms caution they’re nowhere close to turning a profit in this field. # ChatGPT Fervor Is So Hot That Chinese Firms Call for Caution ## The fast and furious rally in China’s ChatGPT shares looks set to fade as tech firms caution they’re nowhere close to turning a profit in this field. Feb 15 2023, 09:19 IST ![Follow on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/follow-us-facebook.png) ![Follow on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/follow-us-facebook-hover.png) ![Share](https://images.hindustantimes.com/tech/static/revamp/images/png/Share.png) ![Share](https://images.hindustantimes.com/tech/static/revamp/images/png/Shareclicked.png) ![Share on WhatsApp](https://images.hindustantimes.com/tech/static/revamp/images/png/whatsapp.png) ![Share on WhatsApp](https://images.hindustantimes.com/tech/static/revamp/images/png/whatsapp-hover.png) ![Share on Twitter](https://images.hindustantimes.com/tech/static/revamp/images/png/twitter.png) ![Share on Twitter](https://images.hindustantimes.com/tech/static/revamp/images/png/twitter-hover.png) ![Share on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/facebook.png) ![Share on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/facebook-hover.png) ![Bookmark](https://images.hindustantimes.com/tech/static/revamp/images/png/Bookmark.png) ![Bookmarked](https://images.hindustantimes.com/tech/static/revamp/images/png/Bookmarked.png) ![ChatGPT](https://images.hindustantimes.com/tech/img/2023/02/14/1600x900/To-be-sure--while-ChatGPT-has-north-of-100-million_1675933009556_1676347593434_1676347593434.jpg) Beijing Deep Glint isn’t the only company that’s reining in expectations relating to ChatGPT. (HT_PRINT) ![Author Photo](https://images.hindustantimes.com/tech/static/revamp/images/png/HTTech-new-circle-logo.png) ### By BLOOMBERG The fast and furious rally in China’s ChatGPT shares looks set to fade as tech firms caution they’re nowhere close to turning a profit in this field. Beijing Deep Glint Technology Co. stumbled as much as 10.2% before ending flat on Monday after the company said it doesn’t have the capability to offer ChatGPT-linked products. That may be a foretaste of what’s to come even as firms such as Cambricon Technologies Corp. and TRS Information Technology Corp. jumped over 5% to extend their recent gains. Caution toward AI-related shares is setting in after investors rushed to capitalize on what’s being billed as a watershed development for the tech industry. Some market watchers are warning that the hype isn’t supported by fundamentals, drawing comparisons between the rally and the blockchain mania which fizzled out after a bout of heady gains. Also read click here. “In most cases it’s not immediately clear what the financial benefits are,” said Vey-Sern Ling, managing director at Union Bancaire Privee. “Apart from the companies with the strongest technical capabilities, most of the rest are probably just riding the wave. Such hype-driven rallies are never sustainable.” The Tech Behind Those Amazing, Flawed New Chatbots: QuickTake Beijing Deep Glint isn’t the only company that’s reining in expectations relating to ChatGPT. 360 Security Technology Inc. said Friday there is “major uncertainty” on the release date and output of such services, three days after its shares posted the biggest daily surge since November 2020. CloudWalk, a face recognition technology developer, clarified that it hasn’t generated any revenue from ChatGPT products and that it wasn’t involved in any collaboration with OpenAI. “There looks to be a speculative element to the recent rally,” said Christina Woon, investment director for Asian equities at abrdn plc. “It will be important to see how companies might be able to use this to enhance overall customer stickiness in their ecosystems or add value to their offerings, and ultimately, how this can be monetized, whether directly or indirectly.” Market Mania for Everything AI Faces China, Google Reality Check China’s onshore equity investors, especially retail players, have a track record of jumping on the latest craze even before the companies roll out marketable products. Apart from the blockchain frenzy, traders also loaded up on shares linked to meat substitutes over three years ago despite the fact that the market barely existed in China. Even warnings from regulators have failed to damp the ardor surrounding ChatGPT stocks. At least three companies were queried by local stock exchanges after their shares rose more than 30% over three straight sessions last week. A Chinese newspaper warned investors in a front-page commentary not to blindly join the speculative rally. Meituan’s co-founder Wang Huiwen also waded into the discussion on Monday, with an open call for AI talents to build the Chinese version of OpenAI, according to a post on the social networking app Jike. The entrepreneur, who left the Chinese food delivery giant in 2020, said he had invested $50 million in the project with a valuation of $200 million, and that the next round of fundraising had been secured at $230 million. Wang did not immediately respond to an emailed request for comment. Jefferies Financial Group Inc. says a slew of Chinese players will pursue ChatGPT-related technology, but the market may not have factored in potential hurdles as “info accuracy is a big challenge, pricing model uncertain, and the cost of learning is high,” according to a note. Catch all the Latest Tech News, Mobile News, Laptop News, Gaming news, Wearables News , How To News, also keep up with us on Whatsapp channel,Twitter, Facebook, Google News, and Instagram. 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