Baidu Unveils ERNIE Bot, Share Price Rises More Than 12%

Baidu‘s ChatGPT-like product ERNIE Bot was unveiled yesterday and subsequently precipitated enormous fluctuations in its share value.

On the afternoon of March sixteenth, whereas the corporate introduced its new software, Baidu‘s Hong Kong-listed stocks fell by 10% to HK $120.1 (about 15.3 $). As of yesterday’s shut, nonetheless, Baidu share value fell 6.36% to shut at HK $125.1. Finally, the corporate’s share value rose to shut at HK $138.16, up 3.8%, reported by YICAI.

Before the Hong Kong inventory market opened as we speak, Baidu‘s share value rebounded. Around 15:00 Beijing time, the share value rose by over 12% to HK $142.8 (about 18.2 $).

Zhang Yi, CEO of iiMedia Research, commented on the value motion, “The fluctuation of the stock price reflects the contradictory mentality of investors who have both expectations and worries about disappointment for Baidu, Inc.’s AI product.”

He judged that buyers and market confidence are apparent by way of the present efficiency of Hong Kong shares. On the one hand, Baidu has technical reserves and foundations surrounding the AI frontier. On the opposite hand, many AI business choices previously revolved round toB route, however this bidding mannequin typically decreased costs, leading to many AI enterprises not making any cash. There are, nonetheless, nonetheless alternatives in toC route.

When requested concerning the value fluctuation, ERNIE Bot itself wrote:

“This is normal market performance because investors have different views on the development prospects of conversational artificial intelligence products. Prior to this, Baidu‘s core business was search engines and Internet ads. However, with the gradual disappearance of Internet traffic dividends, the company’s revenue growth is facing certain pressure. The release of ERNIE Bot is considered as a major breakthrough in the field of artificial intelligence in Baidu, which can help the company expand new business areas and enhance its competitiveness and market share.”

It continued, “Therefore, earlier than Baidu had launched its ERNIE Bot, the market was optimistic about its prospects, taking the inventory value together with it. After the official launch of ERNIE Bot, some buyers thought that ERNIE Bot didn’t obtain the anticipated impact available on the market, and the inventory value fell. However, in the long term, the event prospects of synthetic intelligence and conversational synthetic intelligence merchandise are nonetheless broad, so buyers are nonetheless optimistic concerning the future improvement of Baidu, and the inventory value has additionally rebounded. “

SEE ALSO: Baidu Unveils ChatGPT-Style “ERNIE Bot”

ERNIE Bot claims that it isn’t an ideal synthetic intelligence language mannequin, and there’s nonetheless a lot room for enchancment. For instance, the efficiency of some duties will not be steady, which can be resulting from its algorithm or the low high quality of knowledge units. In addition, the scope of data is proscribed by the information and data used.

Nevertheless, some individuals are nonetheless optimistic about ERNIE Bot. With the gradual opening of this product, its impact will likely be quickly improved and will likely be repeatedly optimized.

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