China’s largest internet search engineOn the 16th, Baidu announced the introduction of its own service similar to the US open AI chatbot “ChatGPT”.
In a pre-recorded video, Baidu founder Li Yanhong showed off the company’s interactive AI service, which he calls “Wenshin One Word”, or “Arniebot” in English.
However, disappointment spread among investors who had hoped for a live introduction, and Baidu’s stock price temporarily fell 10% in the Hong Kong market on the same day. As a result, the company lost more than $4 billion in market capitalization.
Yu Yingbo, Chief Investment Officer (CIO) of Shenzhen Qianhaihui Wealth Fund Management, said, “It looks like it was pre-recorded, and so far it’s just a PowerPoint explanation. The demo didn’t look natural.” indicate. Without comparing it to the chat GPT, he said, “It was really vague and it was all theoretical.”
Baidu said consumers and cloud customers will be able to register for access starting Monday, but didn’t say when the service would actually be available.
“We’re not completely ready,” Lee told reporters, referring to Erniebot as chat GPT and “GPT-4,” he explained, as a “high hurdle.”
“No other big tech company in the world has done this, Baidu is the first,” he said.
Original title:Baidu Dives After Pre-Recorded Demo of AI Chatbot Disappoints(excerpt)