Gabriel Budi Sutrisno · · 1 min readBaidu’s HK shares bounce back as Ernie bot impresses testers
Chinese search engine giant Baidu saw a 15.7% rebound in its Hong Kong-listed stocks on Friday after users shared their experiences testing the Ernie chatbot, Reuters reported.
This followed a lackluster launch presentation on Thursday, which was criticized for not including a live demonstration or public launch.
However, a few users who received invite codes to test out the chatbot later posted positive reviews and made comparisons between Ernie and its US counterparts like Microsoft’s Bing.
Analysts said that despite the muted response from the initial showcase, Baidu is still best positioned to build China’s strongest rival to US-based OpenAI’s ChatGPT.
Other Chinese firms that have joined the AI race include Tencent, Alibaba, and ByteDance.
See also: Baidu’s financial health in 5 charts
Editing by Miguel Cordon and Lorenzo Kyle Subido
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