Not everyone can become a direct ChatGPT competitor overnight. This is undoubtedly what Baidu retained after the presentation of “Ernie Bot”, which pretends to be a chatbot along the lines of what OpenAI offers.
The company, the Chinese equivalent of Google, and its CEO, Robin Li, have revealed for more than an hour the premises of what ChatGPT could be for the Chinese population. On the program: mathematical calculations, generating images from text and writing poems in Mandarin.
pre-recorded videos
But the filing didn’t necessarily have the desired effect for Baidu. The company’s price immediately fell 10% on the Hong Kong Stock Exchange, representing a $3 billion loss in market valuation. The reason: there was no live demo during the conference.
In fact, Robin Li only delivered his monologue, accompanied by screenshots or pre-recorded videos. A presentation that she therefore did not like, not to mention that no official release date has been revealed. At the moment it’s only available by invitation or API to certain companies (30,000 have already applied according to Baidu), so it’s hard to say more about Ernie Bot’s future capabilities.
Launch too fast?
However, Robin Li announced the color indicating that the chatbot was not perfect. Which accentuates the concern of investors about a launch that is too hasty.
This somewhat failed launch is also reminiscent of Google’s. A few weeks ago, the American giant introduced Bard, again a competitor to ChatGPT. But the chatbot had made a mistake by not correctly answering an astronomy question. Result: the title of Alphabet, parent of Google, had lost 7% on the New York Stock Exchange in the following hours.
Source: BFM TV
