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Baidu unveils ChatGPT-rival Ernie Bot, shares tumble; 650 companies sign up

The company's Ernie bot is based off its AI-driven deep learning model, Ernie - short for "Enhanced Representation through Knowledge Integration"

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China's Baidu unveiled its much-awaited artificial intelligence-powered chatbot known as Ernie Bot on Thursday, but disappointed investors with its use of pre-recorded videos and the lack of a public launch, sending its shares tumbling.
 
The just over an hour-long presentation, which came two days after Alphabet Inc's Google unveiled a flurry of AI tools for its email, collaboration and cloud software, gave the world a glimpse of what could be China's strongest rival to U.S. research lab OpenAI's ChatGPT.
 
But unlike ChatGPT, which last November launched as a free to use chatbot to the public, Baidu limited the presentation to

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First Published: Mar 16 2023 | 10:53 PM IST

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