Technology
Baidu Surges as Hope Mounts over Chinese Answer to ChatGPT
- The Chinese company is completing internal testing now
- Ernie will be one of China’s most prominent entries in AI race
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Baidu Inc. surged after affirming it’s on track to publicly roll out its ChatGPT-like service in March, stoking anticipation around what is potentially China’s most prominent entry in the race to create lifelike AI bots.
The Hong Kong-listed shares had their best day since March, jumping 15% after the company said it was naming the service “Wenxin Yiyan,” or “Ernie Bot” in English. Baidu’s American depositary receipts jumped 12% at the New York open to the highest since March 2022. Baidu should complete internal testing in time for next month’s launch, it said in a statement.