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Baidu unveils ChatGPT rival Ernie Bot; 650 companies sign up

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Chinese search giant Baidu unveiled its artificial intelligence chatbot Ernie Bot, presenting its rival to the Microsoft-backed ChatGPT in a pre-recorded video presentation Thursday that appeared to disappoint investors.

Baidu CEO Robin Li said Ernie Bot was still not perfected, but the company went ahead with presenting it due to high demand. Shares plunged 10% after Li showed a prerecorded demonstration of the Ernie bot instead of the real-time live demonstration of its capabilities that many had expected. They closed down 6.4%.

Li said 650 companies had signed up to use Ernie Bot, which can be implemented in a variety of applications such as searches, AI cloud, autonomous driving and in smart devices.

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