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In our latest YouTube short, we unravel the startling news from a South China Morning Post article about China’s People’s Liberation Army (PLA) reportedly planning to use AI technology developed by Baidu for military applications. Despite Baidu’s strong denial, this revelation sparked investor panic, leading to a dramatic 11.5% drop in Baidu’s stock, wiping out $4.6 billion of its market value in just a day.
The report claimed collaboration between a Chinese military lab and the PLA’s Strategic Support Force in using an AI chatbot, Ernie, for automating logistical operations and conducting combat simulations. This significant development raises questions about the fragility of Chinese stocks in the current geopolitical climate and possibly links to OpenAI’s recent policy shift allowing US military use of ChatGPT.
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This video is intended for entertainment purposes only. We do not guarantee the accuracy, or completeness of the information published. We are not responsible for any losses or damages that may arise. Nothing should be interpreted as investment or financial advice.
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