Made-in-China AI bot fails to impress upon launch, shares slide 10%

Chinese search large Baidu on Thursday unveiled its reply to the viral AI-powered ChatGPT. The Chinese chatbot nonetheless did not impress traders, resulting in Baidu’s shares falling near 10% in the course of the day and ultimately closing 6.4% decrease in Hong Kong.

Baidu showcased a pre-recorded Ernie (Enhanced Representation of Knowledge Integration) Bot’s potential to resolve mathematical calculations, communicate in Chinese dialects and generate movies and pictures by means of textual content prompts.

However, even Baidu’s CEO Robin Li believes that the chatbot is not excellent’ and won’t have the ability to compete with ChatGPT or GPT-4. However, he emphasised that the product would ultimately get higher with customers’ suggestions.

“I can’t say we’re absolutely prepared. Benchmarking Ernie Bot in opposition to ChatGPT, and even GPT-4, is a excessive bar…None of the Big Tech corporations globally has made it. Baidu is the primary one,” new company Bloomberg quoted Li as saying.

The Chinese tech firm will initially launch the Ernie bot to its ‘650 ecosystem business partners’ whereas Baidu’s AI cloud customers can apply for entry to Ernie bot’s API.

Also Read: Users can now strive GPT-4 with out going by means of a waitlist. Here’s how

Baidu’s try to problem OpenAI’s dominance within the generative AI-based chatbot house is the primary such try by a Chinese firm. While there are various different massive tech teams in China, reminiscent of Alibaba Group Holding Ltd and Tencent Holdings Ltd, Baidu is seen because the frontrunner in main the nation’s efforts to counter US firms within the discipline of AI-based chatbots.

On March 14, Microsoft-backed OpenAI unveiled its next-generation language mannequin GPT-4 to the general public. OpenAI claims the language mannequin has extra human-like capabilities, longer reminiscence and flexibility as in comparison with GPT-3.5 mannequin.

Many in style firms reminiscent of Khan Academy, Duolingo, Morgan Stanley, Be My Eyes, Microsoft’s Bing and Quora’s Poe and so on. have already introduced the combination of GPT-4 of their merchandise.

Ever since its launch in November final yr, ChatGPT has turn into a viral sensation creating surprise and panic among the many normal public. It has additionally fueled a generative AI-based tech race between Microsoft and Google.

(With inputs from businesses)

Catch all of the Technology News and Updates on Live Mint.
Download The Mint News App to get Daily Market Updates & Live Business News.

More
Less

Topics