{"id":1888133,"date":"2023-03-16T07:27:22","date_gmt":"2023-03-16T11:27:22","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/chinas-answer-to-chatgpt-baidu-shares-tumble-as-ernie-bot-disappoints\/"},"modified":"2023-03-16T07:28:53","modified_gmt":"2023-03-16T11:28:53","slug":"chinas-answer-to-chatgpt-baidu-shares-tumble-as-ernie-bot-disappoints","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/chinas-answer-to-chatgpt-baidu-shares-tumble-as-ernie-bot-disappoints\/","title":{"rendered":"China\u2019s answer to ChatGPT? Baidu shares tumble as Ernie Bot disappoints"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fchinas-answer-to-chatgpt-baidu-shares-tumble-as-ernie-bot-disappoints%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1888133&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p> <br \/>\n<?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"entry-content\">\n<p>Eduardo Baptista and Josh Ye<\/p>\n<p>BEIJING\/HONG KING (Reuters) -China\u2019s Baidu revealed its long-awaited artificial intelligence-powered chatbot, Ernie Bot, on Thursday. However, investors were disappointed by its use of prerecorded video and lack of a public launch. This sent its shares plummeting.\u00a0<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<\/p>\n<p>    \u00a0\u00a0\u00a0 The just over an hour-long presentation, which came two days after Alphabet Inc&#8217;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&#8217;s strongest rival to U.S. research lab OpenAI&#8217;s ChatGPT.<\/p>\n<p>    \u00a0\u00a0\u00a0 But unlike ChatGPT, which last November launched as a free to use chatbot to the public, 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.  <\/p>\n<p>It will only be available to a small group of users, who will receive invitation codes, starting on Thursday. However, companies can apply for the embedding of the bot in their products via Baidu\u2019s cloud platform. <\/p>\n<p>    \u00a0\u00a0\u00a0 Baidu&#8217;s Hong Kong shares tumbled as much as 10% while its CEO Robin Li spoke and eventually closed 6.4% lower, shaving over $3 billion off the Chinese search engine giant&#8217;s market valuation.\u00a0  <\/p>\n<p>    \u00a0\u00a0\u00a0 &#8220;It seems like the presentation was more of a monologue and scripted rather than an interactive session that people were looking for. There was no soft launch date either which likely led to negative sentiments,&#8221; Kai Wang, an analyst at Morningstar, said the following:  <\/p>\n<p>Baidu is seen to be a leader in a race among Chinese tech giants and startups for a rival to Microsoft ChatGPT. This was after it showcased the power of &#8220;generative AI&#8221;, which can create new text, imagery, and other content from inputs from past data.<\/p>\n<p>The company&#8217;s Ernie bot is based off its AI-driven deep learning model, Ernie \u2013 short for &#8220;Enhanced Representation through Knowledge Integration&#8221;.<\/p>\n<p>Li warned that the presentation at Baidu\u2019s Beijing headquarters, which was also livestreamed on nine platforms, was imperfect. &#8220;So why are we unveiling it today? Because the market demands it,&#8221; He said. <\/p>\n<p>Baidu did not immediately reply to a request for comment about the share drop, but after the presentation, a statement was published that stated that over 30,000 corporate customers had applied to test Ernie Bot&#8217;s API-facing edition. The cloud website traffic also soared. <\/p>\n<p>&#8220;After the release of ChatGPT, only Baidu has made a benchmark product among the major tech companies in the world,&#8221; It was.<\/p>\n<p>NATIONAL CHAMPION <\/p>\n<p>Charlie Chai, an analyst at 86Research, stated that while many saw the event as a trading catalyst for others, he still considered Baidu to be the best option in China&#8217;s AI market. <\/p>\n<p>&#8220;We continue to advise investors to patiently hold BIDU shares as the best \u2018national champion&#8217; play in China&#8217;s (semi-segregated) AI space,&#8221; He said. <\/p>\n<p>Baidu has praised its years of investment in deep learning and artificial intelligence. It stated that it will use Ernie Bot to revolutionise the search engine and increase efficiency in cloud, smart car and household appliances. <\/p>\n<p>OpenAI stated earlier this week that it began to release GPT-4 (a powerful artificial intelligence model) on Tuesday. &#8220;multimodel&#8221;This can be interpreted as images or text prompts that encourage it to create content.<\/p>\n<p>Li nodded at GPT-4 throughout his speech. Although he was impressed by its ability to summarise data, he warned against viewing this through geopolitics.<\/p>\n<p>&#8220;Ernie Bot is not a tool of confrontation between China and the United States,&#8221; He said.<\/p>\n<p>He added that to date, 650 companies had indicated they would join the Ernie community. <\/p>\n<p> (Reporting by Eduardo Baptista, Beijing; Additional reporting from Josh Ye in Hong Kong or Jason Xue Shanghai; Writing by Brenda Goh. Editing by Muralikumar Aantharaman and Kenneth Maxwell. Kim Coghill.<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/chinas-answer-to-chatgpt\/attachment\/news-conference-on-ernie-bot-by-baidu-at-the-companys\/\"><\/a><\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/chinas-answer-to-chatgpt\/attachment\/news-conference-on-ernie-bot-by-baidu-at-the-companys-2\/\"><\/a><\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/chinas-answer-to-chatgpt\/attachment\/sign-of-baidu-is-pictured-at-the-companys-headquarters-in\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>This bombshell report exposes the true reason for Capitol Hill&#8217;s January 6th &#8220;emergency&#8221;.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>El Cajon major Bill Wells is running for Congress. Wells was well-known for his common sense opposition to COVID lockdowns.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Republican&#8217;s from California met in Sacramento to attend the annual GOP Spring Convention. <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>John Leake<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Eduardo Baptista and Josh Ye BEIJING\/HONG KONG (Reuters) -China&#8217;s Baidu unveiled its much-awaited artificial intelligence-powered chatbot known as Ernie Bot on\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>LONDON (Reuters) -Britain is set to announce a ban on TikTok on government phones on Thursday, PA Media reported, a move that\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Ben Blanchard TAIPEI (Reuters) \u2013 Taiwan chipmaker TSMC&#8217;s talks with the German state of Saxony about building a new factory are\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>(Reuters) \u2013 Bankrupt cryptocurrency exchange FTX made transfers of about $2.2 billion to company founder Sam Bankman-Fried through related entities, the company&#8217;s\u2026 <\/p>\n<\/p><\/div>\n<p><\/p>\n<hr>\n<p>&#8220;From <a href=\"https:\/\/www.oann.com\/tech\/chinas-answer-to-chatgpt\/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=chinas-answer-to-chatgpt\">China&#8217;s answer on ChatGPT Baidu shares tumble as Ernie Bot disappoints<\/a>&#8221;<\/p>\n<hr>\n<p><span style=\"font-size:11px\"><em>&#8220;The views and opinions expressed here are solely those of the author of the article and not necessarily shared or endorsed by Conservative News Daily&#8221;<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Eduardo Baptista and Josh Ye BEIJING\/HONG KONG (Reuters) -China\u2019s 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.\u00a0 \u00a0\u00a0\u00a0 The just over an hour-long presentation, which came two days after<\/p>\n","protected":false},"author":1,"featured_media":1890049,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[5973,21863,18980,14947,5909,21862,21861,4790,10878],"class_list":["post-1888133","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-answer","tag-baidu","tag-bot","tag-chatgpt","tag-chinas","tag-disappoints","tag-ernie","tag-shares","tag-tumble"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1888133","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1888133"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1888133\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1890049"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1888133"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1888133"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1888133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}