Alibaba rises as it reportedly gets set to launch ChatGPT-like tech this month
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Alibaba (NYSE:BABA) shares rose fractionally in premarket trading on Thursday after it was reported that the Chinese tech company is getting ready to launch its ChatGPT-like technology later this month.
A blogger found the Alibaba (BABA) version of ChatGPT inside the company's Tmall Genie smart speaker, according to Chinese news outlet Pandaily.

In February, it was reported that Alibaba (BABA) was testing an artificial intelligence dialogue tool similar to ChatGPT with its employees.
Several other Chinese tech companies have launched or announced plans for their own AI-powered chatbots, including Baidu (BIDU) and JD.com (JD).
AI-related stocks were mixed in premarket trading on Thursday, as SoundHound AI (SOUN) gained more than 3%, while C3.ai (AI) and BigBear.ai (BBAI) fell more than 1%.
Late last month, Alibaba (BABA) announced plans to split into six individual units, with all of the units pursuing financing options, including initial public offerings.