Baidu cancels deliberate product launch of its ChatGPT-rival

Chinese search engine large Baidu has cancelled a deliberate livestreamed product launch associated to its ChatGPT-rival. According to a report by Reuters, the corporate has marketed its AI chatbot – Ernie bot as being open to media and the general public.

The webcast was scheduled for Monday afternoon. But as per the report, it was switched to a closed-door assembly with the primary batch of firms which are testing the product.

The firm cited change in format to be able to fulfill the “strong demand” from 120,000 firms that had utilized to check Ernie bot as the rationale behind it. It additional added that this might be the primary of many closed-door conferences.

Baidu’s Hong Kong-listed shares fell as a lot as 4.5% on Monday morning on preliminary reviews of the cancellation.

Ernie bot, to date China’s closest reply to U.S.-developed ChatGPT, was launched on March 16 by Baidu CEO Robin Li, who gave a livestreamed presentation that walked journalists by a sequence of pre-recorded demos displaying the Chinese chatbot’s totally different capabilities.

The firm’s share value dropped whereas the presentation was nonetheless being livestreamed however rebounded the next day, due partially to robust demand from the Chinese company sector for generative synthetic intelligence (AI), the expertise powering merchandise like Ernie bot and ChatGPT.

(With inputs from Reuters)

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