BUZZ-Chinese AI stocks gain after premier Li calls for comprehensive AI push

Reuters
02/12
BUZZ-Chinese AI stocks gain after premier Li calls for comprehensive AI push

** China's artificial intelligence $(AI)$ stocks rise after Chinese Premier Li Qiang on Wednesday called for a comprehensive push in technological innovation and AI application

** Sentiment also lifted by news that Chinese AI start-up Zhipu AI 2513.HK released its latest AI model, and ByteDance is developing an AI chip

** The SSE STAR AI Industry Index .CSI950180 climb as much as 2.4% before surrendering some gains

** The CSI AI Index .CSI930713 also rise

** Hong Kong-listed shares of Zhipu AI surge 10%

** Chinese Premier Li encouraged breakthroughs across the entire chain of the AI industry, and called for broad implementation in diverse scenarios to unlock the potential of the technology

((samuel.shen@tr.com))

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