The company did not immediately respond to a request for comment on Friday.
An LLM is a deep-learning algorithm that can recognise, summarise, translate, predict and generate text and other content based on knowledge gained from massive data sets, according to US tech firm Nvidia, which supplies chips that power AI systems.
The sudden share price swing that hit iFlytek underscores the potential cybersecurity risks posed by generative AI systems like ChatGPT and similar chatbot services.
Visitors at iFlytek’s SparkDesk launch, held in the eastern city of Hefei, check out features of the Chinese artificial intelligence firm’s chatbot on May 6, 2023. Photo: Handout
The iFlytek representative on Wednesday told investors that the company’s user privacy protections include a dedicated committee that oversees all privacy matters, which ensures the firm complies with national standards.
Based in Hefei, capital of eastern Anhui province, iFlyTek launched its own AI chatbot, called SparkDesk, earlier this month. It claimed that SparkDesk will exceed ChatGPT’s Chinese data capacity and catch up on English-language resources by the end of October.
Baidu, meanwhile, announced last week that it has started to offer Ernie Bot, its own ChatGPT alternative, to a variety of clients in industries such as financial services, software and education.
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