(Yicai Global) Feb. 16 -- Shares of COL Digital Publishing Group fell after climbing to a 13 and a half month high following the online publisher’s announcement that it plans to use artificial intelligence-generated content technology.

COL’s stock price [SHE: 300364], which has soared about 47 percent in the past four weeks, ended down 5.6 percent at CNY13.10 (USD1.91) today, after jumping by as much as 3 percent after the lunch break. The ChiNext Index, which tracks growth stocks in Shenzhen, fell 1.3 percent.

COL and AI startup Langboat Technology will partner to create content for literature, comics, and animation using AIGC technology and commercialize its potential, the Beijing-based company said at noon today.

AIGC technology can be used with literary works by providing high-quality content creation and assistant services to contracted writers, according to COL. The firm will also explore its application when creating visual content, including comics and animation, and try to build an ecosystem based on the emerging tech, it added.

Founded in 2021, Langboat develops natural language processing technology, according to its website. Founder Zhou Ming, a former president of the Association for Computational Linguistics and vice president of Microsoft Research Asia, is now VP of the China Computer Federation.

Editor: Martin Kadiev