[ad_1]
Baidu CEO Robin Li introduces the capabilities of Ernie Bot throughout an occasion in Beijing on March 16, … [+]
Shares of billionaire Robin Li’s Baidu, which tumbled 6.4% on Thursday on disappointment over the launch of its ChatGPT-like service, surged virtually 14% Friday as some analysts who tried Ernie Bot gave beneficial evaluations.
Hong Kong-listed Baidu rose HK$17.10 to shut at HK$142.20.
The supply of Thursday’s market response was that the highly-anticipated launch of the service concerned a collection of pre-recorded movies as a substitute of any real-time efficiency.
On Friday, analysts from Citigroup stated in a analysis be aware that whereas Ernie Bot wasn’t good, it was capable of reply nearly all of sophisticated or absurd questions put ahead. Additionally they described Thursday’s share value drop as an overreaction from the market.
Baidu in February confirmed its plan to roll out the ChatGPT-like service, changing into the primary in China to make obtainable a rival to the synthetic intelligence-powered chatbot developed by San Francisco-based OpenAI. The Baidu has stated that Ernie Bot excels at areas together with enterprise writing and understanding the Chinese language language.
Thursday’s launch of Ernie Bot got here simply two days after Microsoft-backed OpenAI unveiled ChatGPT-4. The newest model of the extremely standard AI chatbot options some extra highly effective capabilities, corresponding to processing not simply textual content but additionally photos.
[ad_2]
Source link
