The Aurora Mobile Ltd – ADR (NASDAQ: JG) stock price rallied 35% after announcing that it would incorporate ChatGPT’s technology to improve its push notifications service. The company also said it would integrate ChatGPT into JPush to create an AI tool to enhance its ability to reach and engage users.
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The company provides customer engagement and marketing services within China and recently passed the Data Security Governance (DSG) evaluation and certification offered by the China Academy of Information and Communications Technology (CAICT). The company received a second-level DSG certification following the extensive assessment.
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Investors reacted positively to today’s announcement, given the significant buzz associated with ChatGPT, which has drawn investor attention to the AI sector. However, given China’s strict regulation of technologies, I’m not sure if the Chinese government will allow Aurora Mobile to integrate all of ChatGPT’s functions.
Therefore, as I have written in previous articles, not every company that integrates AI technology should see its stock rally. However, investors are trying to scoop up the shares of any company that mentions plans to integrate AI technology into their business.
Following the release of ChatGPT, leading tech companies such as Google (now known as Alphabet) have unveiled plans to launch their unique versions of similar Generative AI tools. These companies will likely be successful in their quest, given that they have the right teams and technology to build their AIs.
However, most companies jumping on the latest AI trends will not be as successful simply because they lack the resources to build a massive AI system. For example, Chinese tech giant Baidu unveiled plans to build a Chinese version of ChatGPT. The company will likely be successful since it has significant monetary, tech and human resources.
I am interested in seeing what happens with Aurora’s integration of ChatGPT since I think it will be used primarily as an automated messaging service. The firm is unlikely to utilise all of ChatGPT’s information and capabilities. I am also looking forward to Baidu’s version of ChatGPT to see how much information will be censored.
*This is not investment advice.
The Aurora Mobile stock price chart.
The Aurora Mobile stock price rallied 35% to trade at $1.08, from Tuesday’s closing price of $0.80.
YOUR CAPITAL IS AT RISK. 76% OF RETAIL CFD ACCOUNTS LOSE MONEY.