China’s answer to ChatGPT? Baidu shares tumble as it unveils Ernie … – Reuters.com
BEIJING, March 16 (Reuters) – Chinese search engine giant Baidu (9888.HK) on Thursday unveiled its much-anticipated artificial intelligence-powered chatbot known as Ernie Bot, giving the world a glimpse of what could be China’s strongest rival to U.S. research lab OpenAI’s ChatGPT.
The popularity of ChatGPT, backed by Microsoft (MSFT.O), has triggered a frenzied rush among Chinese tech giants and startups alike to develop a rival. Baidu jumped to the forefront of the race after saying early last month it was close to completing a chatbot using its AI-driven deep learning model, Ernie – short for “Enhanced Representation through Knowledge Integration”.
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The Ernie Bot introduction, in a presentation at Baidu headquarters in Beijing, comes two days after Alphabet Inc’s (GOOGL.O) Google unveiled a flurry of AI tools for its email, collaboration and cloud software. Microsoft is expected to make a similar announcement to Google later on Thursday.
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source: https://news.oneseocompany.com/2023/03/16/chinas-answer-to-chatgpt-baidu-shares-tumble-as-it-unveils-ernie-reuterscom_2023031642092.html
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