Baidu jumps as the Chinese search giant reportedly plans to launch its own version of ChatGPT
the Chinese internet search company plans to launch a service similar to ChatGPT, the artificial intelligence chatbot service that's surging in popularity across business and social settings. Shares of the company behind China's largest search engine rose as much as 3.2% in premarket trade to $143.45, the highest price since September 1. The stock in 2022 had lost 23% but in 2023 through Friday's session had gained roughly 22%.
Baidu, which has spent billions of dollars researching AI, plans to initially embed the still-unnamed tool into its main search services, Bloomberg reported. The application will deliver conversation-style search results similar to OpenAI's ChatGPT. Baidu's large-scale machine-learning model called Ernie will serve as the foundation of its ChatGPT-like tool.
Research organization OpenAI in November launched ChatGPT. The tool's ability to answer most questions in a detailed fashion has ignited a wave of experiments ranging from asking ChatGPT to
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