CEO says ChatGPT-like chatbot awaiting govt approvalbeat first-quarter revenue and profit estimates on Tuesday as businesses spent more on advertising amid China's post-COVID reopening, and said it was awaiting regulatory approval to launch its ChatGPT-like Ernie bot.
Baidu CEO Robin Li said on Tuesday that after the Lunar New Year in late January, there was a quick economic recovery that especially benefited the company's advertisers in offline sectors such as travel and healthcare. Revenue from Baidu Core, which includes search-based advertising sales, cloud offerings and its autonomous driving initiatives, grew 8% to 23 billion yuan.
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