Spinee wrote a post · Feb 7, 2023 00:48

Baidu surged more than 15% after affirming it's on track to publicly roll out its ChatGPT-like service in March

Its shares gained the most in about eight months after the company said it was naming the service "Wenxin Yiyan," or "Ernie Bot" in English. Baidu should complete internal testing in time for next month's launch, it said in a statement.

News of Baidu's foray into the red-hot generative AI arena has fired up Chinese AI-related stocks from Beijing Deep Glint Technology Co. to CLoudwalk Technology Co. in recent days.

Baidu surged more than 15% after affirming it's on track to publicly roll out its ChatGPT-like service in March

The mania reflects mounting interest from investors since OpenAI's ChatGPT debuted, drawing eye-popping investments from the likes of $Microsoft(MSFT.US)$. Beyond Baidu, a growing number of large and small companies are racing to try to overtake the startup in the suddenly hot world of AI services.

China's largest search engine company plans to initially embed Ernie into its main search services. The tool will allow users to get conversation-style search results much like OpenAI's popular platform.

$Baidu(BIDU.US)$ $BIDU-SW(09888.HK)$ $Alphabet-C(GOOG.US)$ $Alphabet-A(GOOGL.US)$ $Search Engine(BK2439.US)$ $MEITU(01357.HK)$

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