Saturday, 1 April 2023

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Baidu’s Ernie Bot disappoints investors at unveiling, Reuters reports – TipRanks Financial Blog

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Baidu (BIDU) on Thursday unveiled Ernie Bot, its AI-powered chatbot, which disappointed investors with its use of pre-recorded videos and the lack of a public launch, Reuters’ Eduardo Baptista and Josh Ye reports. Unlike U.S. research lab OpenAI’s ChatGPT. which launched last November, Baidu limited the presentation to brief videos that showed Ernie carrying out mathematical calculations, speaking in Chinese dialects and generating a video and image with text prompts. The company said Ernie Bot will only be open for trial to an initial group of users with invitation codes from Thursday, while companies can apply to embed the bot into their products via Baidu’s cloud platform. Last month Microsoft (MSFT) announced plans to infuse its Bing search engine with the technology behind chatbot ChatGPT, and Google (GOOGL) is taking steps toward publicly releasing its own chatbot. Reference Link

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