It seems everyone is talking about artificial intelligence these days — even Ultraman.
When asked if investors should be worried about an AI bubble, the new second-generation CocoMate AI-powered plush toy by Chinese company Haivivi warned about the dangers of speculation in AI stocks.
“The AI market has been on a wild ride lately,” the toy based on the Ultraman character cautioned. “If investors pour too much money into unproven ideas without solid fundamentals, it could lead to a bubble burst!”
China has long been a dominant manufacturer in the global toy industry. So pushing into AI playthings is a natural step, analysts say. The Xi Jinping administration, on a campaign to turn China into an AI powerhouse, has been directing companies and consumers to integrate AI into their businesses and lives.
Haivivi is one of 1,500 companies in China’s $4 billion dollar AI toy industry.
