"Bilibili Launches AI Tool, Stock Surges 7.66%

Bilibili Inc. (NASDAQ:BILI) surged 7.66% to $22.48 after announcing the launch of an AI tool, Codename H, to aid content creators in video podcast production. The tool can create a video from a 1,000-word script in six minutes, with plans to reduce this to three minutes. BILI aims to attract podcast creators this summer.

In the first quarter, Bilibili reported a 99% decrease in net loss to 9.1 million yuan from 748 million yuan. Revenues rose by 25% to 7 billion yuan from 5.66 billion yuan. While BILI shows investment potential, some AI stocks may offer higher returns with less downside risk. Check out our report on the best short-term AI stock for more information.

Read more at Yahoo Finance: Bilibili (BILI) Soars 7.66% on Launch of AI Tool