JD.com Stock Is Trading Higher Thursday - What's Going On?

Also Read: Jack Ma's Ant Group Explores ChatGPT-Style Services. Challenges Baidu with Investment in AI

JD.com will launch the service, called ChatRhino, for its use in areas including e-commerce, logistics, and marketing. 

The company will extend the offering to enterprise clients starting in the first half of 2024, according to Cao Peng, chair of JD.com's technology committee and president of JD Cloud. 

Cao emphasized the need for the model to create enterprise value during the company's annual tech summit in Beijing on Thursday. 

JD.com will also launch an LLM platform for developers in August. 

Price Action: JD shares are trading higher by 3.02% at $38.53 premarket on the last check Thursday.

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