Baidu's Ernie Bot fails to impress, shares drop.
TL;DR Summary
Baidu's shares fell by 10% after the company's AI chatbot Ernie failed to impress during its first public release. The company only showed a pre-recorded video of the chatbot, leaving viewers unsure if it could compete with Microsoft-backed ChatGPT. Baidu founder Robin Li admitted that the company was only showing a demo of the technology that it had prepared earlier. Ernie's planned launch comes as US groups such as OpenAI and Google continue making strides in pushing forward their development of generative AI.
- Baidu shares fall after Ernie AI chatbot demo disappoints Ars Technica
- Baidu shares drop to 8-week lows after company reveals ChatGPT rival CNBC
- China's answer to ChatGPT? Baidu shares tumble as Ernie Bot disappoints Reuters
- Baidu unveils ERNIE Bot, its ChatGPT rival Engadget
- Baidu's ChatGPT Rival Ernie Bot Doesn't Go Live at Its Launch Party The Wall Street Journal
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