Baidu leaps to 11-month high as it reveals plan to launch ChatGPT-style 'Ernie Bot'

Shares of Baidu surged by much than 13% successful Hong Kong arsenic the institution said it volition motorboat its ain artificial quality chatbot.

The banal roseate to $159.80 Hong Kong dollars per share, oregon 13.48% higher successful Asia's greeting trade. That's the stock's highest level since mid-Feb 2022.

The institution said successful a connection that its AI chatbot task volition apt implicit interior investigating successful March earlier being made public, and that it volition beryllium named "Ernie bot" successful English oregon "Wenxin Yiyan" successful Chinese.

Baidu's announcement, which confirmed earlier reports, comes aft Microsoft-backed ChatGPT has surged successful popularity. Google precocious announced a akin service, Bard A. I.

Ernie stands for "Enhanced Representation done Knowledge Integration," Baidu said, describing it arsenic a "large connection model" that was introduced successful 2019.

"What distinguishes ERNIE from different connection models is its integration of extended cognition with monolithic data, resulting successful exceptional knowing and procreation capabilities," Baidu said.

"It has since evolved into a bid of precocious large models that are susceptible of handling a wide scope of tasks, specified arsenic connection understanding, connection generation, and text-to-image generation," it said.

In a presentation earlier this year, Chief Technology Officer Haifeng Wang emphasized the value of heavy learning arsenic the halfway of artificial quality and that it's showing "increasingly beardown potential."

"If you tin utilize these contented instauration abilities to the top extent, past you tin implicit galore important tasks of a movie production," Hua Wu, Chairwoman of Baidu Technology Committee, said of artificial quality generated contented astatine the event.