China’s Baidu scraps public launch for ChatGPT-like product By Reuters

© Reuters. FILE PHOTO: Baidu’s co-founder and Chief Govt Officer (CEO) Robin Li showcases synthetic intelligence powered chatbot generally known as Ernie Bot by Baidu, throughout a information convention on the firm’s headquarters in Beijing, China March 16, 2023. REUTERS/Tings

BEIJING (Reuters) -Chinese language search engine large Baidu (NASDAQ:) on Monday cancelled a deliberate livestreamed product launch associated to its ChatGPT-like “Ernie bot” that it had marketed as being open to media and the general public.

The webcast, scheduled for Monday afternoon, was switched to a closed-door assembly with the primary batch of firms which might be testing the product, Baidu mentioned in an announcement on Monday morning.

The rationale behind the change in format was with the intention to fulfill the “robust demand” from 120,000 firms that had utilized to check Ernie bot, the corporate mentioned, including this may be the primary of many closed-door conferences.

Baidu’s Hong Kong-listed shares fell as a lot as 4.5% on Monday morning on preliminary reviews of the cancellation.

Ernie bot, up to now China’s closest reply to U.S.-developed ChatGPT, was launched on March 16 by Baidu CEO Robin Li, who gave a livestreamed presentation that walked journalists via a sequence of pre-recorded demos displaying the Chinese language chatbot’s totally different capabilities.

The corporate’s share worth dropped whereas the presentation was nonetheless being livestreamed however rebounded the next day, due partially to robust demand from the Chinese language company sector for generative synthetic intelligence (AI), the know-how powering merchandise like Ernie bot and ChatGPT.

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