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Baidu unveils ChatGPT rival Ernie Bot; 650 companies sign up

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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.

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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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