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Get to Know Africa > Private: Blog > World News > Baidu shares leaps because it reveals plan for ChatGPT-style ‘Ernie Bot’
World News

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

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Last updated: 2023/02/07 at 5:39 AM
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Baidu shares leaps as it reveals plan for ChatGPT-style 'Ernie Bot'
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Robin Li (or Li Yanhong in Chinese language), founder, chairman and CEO of Baidu, introduces the brand new AI-powered digital assistant “Duer” in the course of the 2015 Baidu Know-how Innovation Convention on September 8, 2015 in Beijing, China.

Vcg | Visible China Group | Getty Pictures

Shares of Baidu surged by greater than 13% in Hong Kong as the corporate stated it is going to launch its personal synthetic intelligence chatbot.

The inventory rose to $159.80 Hong Kong {dollars} per share, or 13.48% greater 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 venture will seemingly full inside testing in March earlier than being made public, and that it will likely be named “Ernie bot” in English or “Wenxin Yiyan” in Chinese language.

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

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

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

Inventory Chart IconInventory chart icon

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

In a presentation earlier this 12 months, Chief Know-how 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.”

“For those who can make the most of these content material creation skills to the best extent, then you possibly can full many essential duties of a movie manufacturing,” Hua Wu, Chairwoman of Baidu Know-how Committee, stated of synthetic intelligence generated content material on the occasion.

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