Chinese stocks related to artificial intelligence technologies fell

The Chinese state is calling for tighter controls on AI companies because of the potential risk of a "bubble" in the market. This caused the shares of several companies, including CloudWalk Technology Co Ltd (SS:688327), 360 Security Technology Inc (SS:601360) and Beijing Haitian Ruisheng Science Technology Ltd (SS:688787), to fall by 10-20%. Major technology companies such as SenseTime Group Inc. and Alibaba have also announced their own AI developments. The state encourages companies to continue to develop their capabilities, but investors should refrain from speculation to avoid potential losses.