JD.Com Inc JD Shares are down 5.95% at $37.63 on Wednesday afternoon after Chinese regulators proposed rules to monitor AI technology.

What happened?

Per a WSJ report, China’s top internet regulator, proposed rules to control artificial intelligence tools on Tuesday. To put it at the forefront of efforts by governments worldwide to tame the new technology amid concerns about the challenges it poses.

Given ChatGPT’s popularity, JD.Com recently announced that it would launch an “industrial version” of ChatGPT called ” ChatJDper CNBC.

WSJ also says that the Cyberspace Administration of China “will require companies to go through a government security review before offering such services and will hold companies responsible for the content their AI services generate under draft rules.”

According to data from Gasoline ProJD.Com has a 52-week high of $68.29 and a 52-week low of $33.17.