Baidu is planning to launch an artificial intelligence chatbot service similar to OpenAI's ChatGPT, according to a person familiar with the matter. This would be China's most prominent entry in a race that has been touched off by the tech phenomenon.

Microsoft and other companies face the challenge of transforming this new and still imperfect technology into a profitable venture. Last week, a software company announced that they were investing billions of dollars into OpenAI. This startup has been gaining a lot of attention lately due to their chatbot, which can quickly answer complex questions, generate book reports, and even compose poetry.

Google, which has been at the forefront of some of the technology that has paved the way for recent advances in artificial intelligence, is now trying to catch up.

When you ask the hottest AI tool in the world to design an ETF that can beat the US equity market, it tells you the same thing every frustrated stock manager does.

European markets closed higher on Monday after starting the new trading week on an uncertain note. Investors reassessed the economic outlook, which helped to boost market confidence.