Chinese response to ChatGPT disappoints and lowers Baidu’s value

Chinese response to ChatGPT disappoints and lowers Baidu’s value

ChatGPT has put artificial intelligence and the possibilities it offers us in the eyes of the world.

In the midst of a cold war when it comes to technology, China does not want to be left behind.

The giant Baidu introduced the rival of ChatGPTcalled Ernie Bot. Unfortunately, with not so positive results.

What happened to ChatGPT’s Chinese rival?

The Chinese chatbot was officially shown in a presentation that lasted more than an hour.

Ernie Bot should be the Chinese counterpart of ChatGPTdeveloped by the U.S. company OpenAIbut it does not seem to be up to the task.

Baidu showed pre-recorded videos of Ernie Bot performing mathematical calculations, speaking Chinese dialects, and generating videos and images based on text commands, indicates. Reuters.

The presentation did not generate much enthusiasm, as summarized by Morningstar analyst Kai Wang.

“It seems like the presentation was more of a scripted monologue. It wasn’t the interactive session people were expecting. There was also no approximate release date.”

The actions of Baidu in Hong Kong fell 10% as the company’s CEO made the presentation and closed down -6.4%. This meant a loss in value of US$3 billion for the equivalent of Google in China.

Unlike ChatGPTwhich can be used by anyone, Ernie Bot is limited to guests.


Daniel Chapman