China’s AI Stock Frenzy Cools Amid Reported Chatbot Ban

Some high-flying stocks have begun to wobble as Beijing makes the public aware of its displeasure with ChatGPT.

(Bloomberg) — The rally in Chinese artificial intelligence (AI) stocks is showing further signs of cooling amid media reports of authorities banning access to OpenAI’s ChatGPT service.

Local apps and websites have been ordered to terminate services that allow use of ChatGPT, according to reports in various Chinese and foreign publications over the past couple of days, some of which have since been deleted. OpenAI’s chatbot isn’t officially available in China but has been accessible via virtual private networks.