Baidu leaps to 11-month excessive because it reveals plan to launch ChatGPT-style ‘Ernie Bot’

Shares of Baidu surged by greater than 13% in Hong Kong as the corporate stated it can 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 degree since mid-Feb 2022.

The corporate stated in an announcement that its AI chatbot challenge will possible full inside testing in March earlier than being made public, and that will probably 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 recognition. Google lately introduced an identical service, Bard A. I.

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

“What distinguishes ERNIE from different language fashions is its integration of intensive information with huge information, leading to distinctive understanding and era capabilities,” Baidu stated.

“It has since developed right into a collection of superior huge fashions which might be able to dealing with a variety of duties, reminiscent of language understanding, language era, and text-to-image era,” it stated.

In a presentation earlier this 12 months, 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 robust potential.”

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