Market Mania for Everything AI Faces China, Google Reality Check

(Bloomberg) — Investors in the sizzling rally in global artificial intelligence-related stocks are getting a reality check.

Google’s demonstration of its AI chatbot has already underwhelmed investors with accuracy concerns, spurring the biggest drop in its parent’s shares in more than three months. A Chinese newspaper warned investors not to blindly join the speculation about stocks that could benefit from rolling out such AI capabilities, saying that it will take time for such concepts to prove their value.