Technology Firm Baidu To Roll Out ChatGPT-Style Bot, Rising 5.8% The Company Shares

Key Points:

• China’s top search engine provider Baidu aims to launch a ChatGPT-style program in March, initially integrating it into its major search services.
• After the announcement, the company’s stock surged as high as 5.8%, the greatest intraday gain in nearly four weeks.

Bloomberg reported Chinese Search Giant Baidu is seeking to launch an artificial intelligence chatbot service akin to OpenAI’s ChatGPT, putting China at the forefront of a race sparked by the tech craze.

According to the report, China’s top search engine provider aims to launch a ChatGPT-style program in March, initially integrating it into its major search services. The unnamed program will provide users with conversation-style search results similar to OpenAI’s popular platform.

After the announcement, the company’s stock surged as high as 5.8%, the greatest intraday gain in nearly four weeks.

Baidu has spent billions of dollars on artificial intelligence research in a multi-year effort to migrate from online marketing to deeper technologies. Its Ernie system, a large-scale machine-learning model built on data over several years, will serve as the foundation for its future ChatGPT-like application.

Since its public debut in November, ChatGPT, OpenAI’s artificial intelligence application, has lit up the internet, amassing over a million users in days and sparking a debate about the role of AI in schools, offices, and homes.

As reported by Watcher Guru, ChatGPT’s user base has grown significantly in comparison to other industry titans like as Netflix, Twitter, Facebook, and Instagram. Netflix took 3.5 years, Twitter took 2 years, Facebook took 10 months, Spotify took 5 months, and Instagram took 2.5 months to reach one million subscribers, yet ChatGPT took only five days.

Companies such as Microsoft Corp. are investing billions of dollars to attempt to build real-world applications, while others are using the hype to raise funding. Buzzfeed Inc.’s stock nearly doubled this month after the company announced intentions to include ChatGPT in its programming.

During an internal meeting in December, Baidu Chief Executive Officer Robin Li mentioned ChatGPT as one example of where the internet giant can take the lead.

I’m so glad that the technology we are pondering every day can attract so many people’s attention. That’s not easy.

Baidu Chief Executive Officer Robin Li said

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