(Yicai Global) March 30 -- Shares of 360 Security Technology rose after founder Zhou Hongyi showcased the Chinese cybersecurity firm’s self-developed ChatGPT-like artificial intelligence bot.

After jumping by the exchange-imposed limit of 10 percent at one point, 360 Security [SHA: 601360] ended today 2.4 percent higher at CNY16.85 (USD2.45) a share.

Zhou showed off the generative pre-trained transformer developed by the Beijing-based company at the 2023 Digital Security Development Summit yesterday, stressing that it was not a product release but only a prototype showcase to satisfy the audience’s curiosity, The Paper reported today.

The product developed by 360 Security has reasonable capabilities but often generates wrong answers. For example, the chatbot answered ‘100’ when asked how many goals Lionel Messi scored for Argentina’s national team? The correct answer should have been 102.

The company has yet to pick a name for the product, but it may choose 360 GPT or 360 AI, Zhou said.

360 Security will combine the AI large language model with its browser to serve as a personal assistant, Zhou added, noting that the company will also soon launch intelligent office products with ChatGPT-like capabilities.

China has the ability to develop its own AI LLM, Zhou said earlier. There is a two to three-year technical gap between China’s LLM and GPT-4, but the technical direction of ChatGPT is clear, and there are no insurmountable technical barriers, he pointed out.

Founded in Tianjin in 2005, 360 Security expects to report an annual net loss of CNY2.5 billion (USD362 million) for 2022. Revenue likely fell 13 percent to CNY9.5 billion from 2021.

Editor: Futura Costaglione