Baidu shares leaps because it reveals plan for ChatGPT-style ‘Ernie Bot’

Shares of Baidu surged by greater than 13% in Hong Kong as the corporate mentioned it should launch its personal synthetic intelligence chatbot.

The inventory rose to $159.80 Hong Kong {dollars} per share, or 13.48% increased in Asia’s morning commerce. That is the inventory’s highest stage since mid-Feb 2022.

The corporate mentioned in an announcement that its AI chatbot undertaking will seemingly full inner testing in March earlier than being made public, and that it is going to be named “Ernie bot” in English or “Wenxin Yiyan” in Chinese language.

Baidu’s announcement, which confirmed earlier reviews, comes after Microsoft-backed ChatGPT has surged in reputation. Google lately introduced an analogous service, Bard A. I.

Ernie stands for “Enhanced Illustration by way of Information Integration,” Baidu mentioned, describing it as a “massive language mannequin” that was launched in 2019.

“What distinguishes ERNIE from different language fashions is its integration of intensive data with large information, leading to distinctive understanding and technology capabilities,” Baidu mentioned.

“It has since developed right into a collection of superior massive fashions which can be able to dealing with a variety of duties, reminiscent of language understanding, language technology, and text-to-image technology,” it mentioned.

In a presentation earlier this yr, Chief Expertise Officer Haifeng Wang emphasised the significance of deep studying because the core of synthetic intelligence and that it is exhibiting “more and more sturdy potential.”

“In case you can make the most of these content material creation talents to the best extent, then you may full many necessary duties of a movie manufacturing,” Hua Wu, Chairwoman of Baidu Expertise Committee, mentioned of synthetic intelligence generated content material on the occasion.