(MENAFN) Chinese tech giant Baidu has unveiled its latest artificial intelligence (AI) chatbot, called "Ernie" (Enhanced Representation of Knowledge Integration), in response to OpenAI's recently released GPT4. Baidu is best known for its search engine and map services in China, and its celebrity founder Robin Li showcased the chatbot in a prerecorded video presentation. Li claimed that Ernie could comprehend human intentions and deliver responses approaching human level.
Although the service has not yet been released for the general public to try out, the presentation listed functions such as understanding Chinese language, generating writing, and performing mathematical calculations, which overlap with ChatGPT's functionality. One highlight of the presentation was the poster that Ernie was said to have conjured up based on text descriptions.
However, the prerecorded launch failed to impress investors, with Baidu's stock price on the Hong Kong Stock Exchange falling by as much as 10 percent at one point during the unveiling. Despite this setback, the stock recouped its losses in Friday trading.
The unveiling of Ernie highlights the growing competition in the AI chatbot market, with tech companies vying for dominance in the field. ChatGPT's latest version, GPT4, has already made waves in the market, and Baidu's entry into the space is likely to intensify the competition.
The development of advanced AI chatbots has the potential to revolutionize industries such as customer service, healthcare, and finance, among others. As AI technology continues to advance, chatbots are becoming increasingly sophisticated, with the ability to understand natural language, generate personalized responses, and even learn from previous interactions with users.
While the competition in the AI chatbot market is heating up, the development of these technologies also raises important questions about privacy, ethics, and the future of work. As these chatbots become more sophisticated, it is important to consider the potential implications for society and ensure that these technologies are developed and used in a responsible and ethical manner.
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