Trending: Investing in Bitcoin / 5 reasons to invest in Amazon / Investing in the Metaverse
Wednesday, May 24, 2023
INVESTOR TIMES
  • Home
  • News
    Central bank gold demand reaches record high in first quarter

    Central bank gold demand reaches record high in first quarter

    Snap Inc. does not see a light at the end of the tunnel (quite the contrary)

    Snap Inc. does not see a light at the end of the tunnel (quite the contrary)

    Big losers of 2022: Bernard Arnault, Elon Musk and Jeff Bezos

    Big losers of 2022: Bernard Arnault, Elon Musk and Jeff Bezos

    Authentic Brands Group beats Bluestar Alliance to buy Boardriders

    Authentic Brands Group beats Bluestar Alliance to buy Boardriders

    Retail spending dropped 1% in March

    Retail spending dropped 1% in March

    Will Europe’s commercial real estate sector be the next to fall?

    Will Europe’s commercial real estate sector be the next to fall?

    Elon Musk plans to compete in AI with Microsoft and Google

    Elon Musk plans to compete in AI with Microsoft and Google

    BlackRock’s warning to investors about interest rate cuts

    BlackRock’s warning to investors about interest rate cuts

    Mercado Libre invests millions in Mexico and Brazil

    Mercado Libre invests millions in Mexico and Brazil

  • Markets
    Intel stock in 2023: good entry point?

    Intel stock in 2023: good entry point?

    Possible Fed pause not a buy signal, BofA says

    Possible Fed pause not a buy signal, BofA says

    Iberdrola targets U.S. and Europe after sale of assets in Mexico

    Iberdrola targets U.S. and Europe after sale of assets in Mexico

    What factors drive Shopify stock?

    What factors drive Shopify stock?

    Jack Ma’s return to China and the (good) reaction of Alibaba shares

    Jack Ma’s return to China and the (good) reaction of Alibaba shares

    Investing in Lululemon: buy or wait and see which way the stock goes?

    Investing in Lululemon: buy or wait and see which way the stock goes?

    Will Europe’s commercial real estate sector be the next to fall?

    Will Europe’s commercial real estate sector be the next to fall?

    Investing in Playtech? High growth potential in the United States

    Investing in Playtech? High growth potential in the United States

    BlackRock’s warning to investors about interest rate cuts

    BlackRock’s warning to investors about interest rate cuts

  • Investing
    Real estate investing strategies: How to simplify mortgage settlements for savvy investors

    Real estate investing strategies: How to simplify mortgage settlements for savvy investors

    What factors drive Shopify stock?

    What factors drive Shopify stock?

    Why Adidas and Beyoncé are splitting up and what it means for investors

    Why Adidas and Beyoncé are splitting up and what it means for investors

    Sinclair stock generate ambiguity among experts

    Sinclair stock generate ambiguity among experts

    Mercado Libre invests millions in Mexico and Brazil

    Mercado Libre invests millions in Mexico and Brazil

    Big Technologies has large margins and the advice is to wait

    Big Technologies has large margins and the advice is to wait

    Warren Buffett’s best advice to Bill Gates

    Warren Buffett’s best advice to Bill Gates

    What are AT1 bonds and why did Credit Suisse make them news?

    What are AT1 bonds and why did Credit Suisse make them news?

    Hedging hurts more than stock market declines, study says

    Hedging hurts more than stock market declines, study says

  • Technology
    What’s behind the drop in C3.ai shares?

    What’s behind the drop in C3.ai shares?

    Huawei boosts China in chip wars

    Huawei boosts China in chip wars

    Elon Musk plans to compete in AI with Microsoft and Google

    Elon Musk plans to compete in AI with Microsoft and Google

    TikTok ban would violate the First Amendment

    TikTok ban would violate the First Amendment

    Twitter is worth half as much as before Elon Musk

    Twitter is worth half as much as before Elon Musk

    Tech leaders call for 6-month halt to AI developments

    Tech leaders call for 6-month halt to AI developments

    Mexican fintech unicorn bets on expansion in Brazil

    Mexican fintech unicorn bets on expansion in Brazil

    7 Reasons to Invest in Instagram Marketing

    7 Reasons to Invest in Instagram Marketing

    Why Americans want to remove Instagram from their phones

    Why Americans want to remove Instagram from their phones

  • CryptocurrenciesTRENDING
    Why has cryptocurrency trading volume fallen so much?

    Why has cryptocurrency trading volume fallen so much?

    Hunters On-Chain: a play-to-earn game for investment and fun at the same time

    Hunters On-Chain: a play-to-earn game for investment and fun at the same time

    Bitcoin price could reach new highs in 2025

    Bitcoin price could reach new highs in 2025

    Tether on track for new market capitalization record

    Tether on track for new market capitalization record

    Sony patents NFT developments for its consoles and video games

    Sony patents NFT developments for its consoles and video games

    Audits, complaints, taxes, celebrity fines: what is the SEC looking for?

    Audits, complaints, taxes, celebrity fines: what is the SEC looking for?

    Binance victory lasted only a few weeks, says Kevin O’Leary

    Binance victory lasted only a few weeks, says Kevin O’Leary

    SEC redoubles pressure against the crypto sector

    SEC redoubles pressure against the crypto sector

    Do Kwon and Chang-joon apprehended trying to escape to Dubai

    Do Kwon and Chang-joon apprehended trying to escape to Dubai

S&P 500 (USA) 
4.145.58  47.05  1.12%  
NASDAQ Composite (USA) 
12.560.25  160.53  1.26%  
Dow Jones (USA) 
33.055.51  231.07  0.69%  
FTSE 100 (United Kingdom) 
7.626.74  136.21  1.75%  
EURO STOXX 50 (Europe) 
4.266,29  76,09  1,75%  
Nikkei 225 
30.682.68  275.09  0.89%  
VIX 
19.46  0.93  5.02%  
Bitcoin (USD) 
26.753.79  562.66  2.06%  
Ethereum (USD) 
1.817.21  38.35  2.07%  
  • Home
  • News
    Central bank gold demand reaches record high in first quarter

    Central bank gold demand reaches record high in first quarter

    Snap Inc. does not see a light at the end of the tunnel (quite the contrary)

    Snap Inc. does not see a light at the end of the tunnel (quite the contrary)

    Big losers of 2022: Bernard Arnault, Elon Musk and Jeff Bezos

    Big losers of 2022: Bernard Arnault, Elon Musk and Jeff Bezos

    Authentic Brands Group beats Bluestar Alliance to buy Boardriders

    Authentic Brands Group beats Bluestar Alliance to buy Boardriders

    Retail spending dropped 1% in March

    Retail spending dropped 1% in March

    Will Europe’s commercial real estate sector be the next to fall?

    Will Europe’s commercial real estate sector be the next to fall?

    Elon Musk plans to compete in AI with Microsoft and Google

    Elon Musk plans to compete in AI with Microsoft and Google

    BlackRock’s warning to investors about interest rate cuts

    BlackRock’s warning to investors about interest rate cuts

    Mercado Libre invests millions in Mexico and Brazil

    Mercado Libre invests millions in Mexico and Brazil

  • Markets
    Intel stock in 2023: good entry point?

    Intel stock in 2023: good entry point?

    Possible Fed pause not a buy signal, BofA says

    Possible Fed pause not a buy signal, BofA says

    Iberdrola targets U.S. and Europe after sale of assets in Mexico

    Iberdrola targets U.S. and Europe after sale of assets in Mexico

    What factors drive Shopify stock?

    What factors drive Shopify stock?

    Jack Ma’s return to China and the (good) reaction of Alibaba shares

    Jack Ma’s return to China and the (good) reaction of Alibaba shares

    Investing in Lululemon: buy or wait and see which way the stock goes?

    Investing in Lululemon: buy or wait and see which way the stock goes?

    Will Europe’s commercial real estate sector be the next to fall?

    Will Europe’s commercial real estate sector be the next to fall?

    Investing in Playtech? High growth potential in the United States

    Investing in Playtech? High growth potential in the United States

    BlackRock’s warning to investors about interest rate cuts

    BlackRock’s warning to investors about interest rate cuts

  • Investing
    Real estate investing strategies: How to simplify mortgage settlements for savvy investors

    Real estate investing strategies: How to simplify mortgage settlements for savvy investors

    What factors drive Shopify stock?

    What factors drive Shopify stock?

    Why Adidas and Beyoncé are splitting up and what it means for investors

    Why Adidas and Beyoncé are splitting up and what it means for investors

    Sinclair stock generate ambiguity among experts

    Sinclair stock generate ambiguity among experts

    Mercado Libre invests millions in Mexico and Brazil

    Mercado Libre invests millions in Mexico and Brazil

    Big Technologies has large margins and the advice is to wait

    Big Technologies has large margins and the advice is to wait

    Warren Buffett’s best advice to Bill Gates

    Warren Buffett’s best advice to Bill Gates

    What are AT1 bonds and why did Credit Suisse make them news?

    What are AT1 bonds and why did Credit Suisse make them news?

    Hedging hurts more than stock market declines, study says

    Hedging hurts more than stock market declines, study says

  • Technology
    What’s behind the drop in C3.ai shares?

    What’s behind the drop in C3.ai shares?

    Huawei boosts China in chip wars

    Huawei boosts China in chip wars

    Elon Musk plans to compete in AI with Microsoft and Google

    Elon Musk plans to compete in AI with Microsoft and Google

    TikTok ban would violate the First Amendment

    TikTok ban would violate the First Amendment

    Twitter is worth half as much as before Elon Musk

    Twitter is worth half as much as before Elon Musk

    Tech leaders call for 6-month halt to AI developments

    Tech leaders call for 6-month halt to AI developments

    Mexican fintech unicorn bets on expansion in Brazil

    Mexican fintech unicorn bets on expansion in Brazil

    7 Reasons to Invest in Instagram Marketing

    7 Reasons to Invest in Instagram Marketing

    Why Americans want to remove Instagram from their phones

    Why Americans want to remove Instagram from their phones

  • CryptocurrenciesTRENDING
    Why has cryptocurrency trading volume fallen so much?

    Why has cryptocurrency trading volume fallen so much?

    Hunters On-Chain: a play-to-earn game for investment and fun at the same time

    Hunters On-Chain: a play-to-earn game for investment and fun at the same time

    Bitcoin price could reach new highs in 2025

    Bitcoin price could reach new highs in 2025

    Tether on track for new market capitalization record

    Tether on track for new market capitalization record

    Sony patents NFT developments for its consoles and video games

    Sony patents NFT developments for its consoles and video games

    Audits, complaints, taxes, celebrity fines: what is the SEC looking for?

    Audits, complaints, taxes, celebrity fines: what is the SEC looking for?

    Binance victory lasted only a few weeks, says Kevin O’Leary

    Binance victory lasted only a few weeks, says Kevin O’Leary

    SEC redoubles pressure against the crypto sector

    SEC redoubles pressure against the crypto sector

    Do Kwon and Chang-joon apprehended trying to escape to Dubai

    Do Kwon and Chang-joon apprehended trying to escape to Dubai

INVESTOR TIMES
Home News

ChatGPT’s Chinese competitor to be launched in March

Santiago Contreras by Santiago Contreras
2/23/2023 - 8:12
in News, Technology
Reading Time: 3 mins read
Share on FacebookShare on TwitterShare on LinkedIn
  • This was reported by the CEO of the manufacturer Baidu, Robin Li, during a company earnings call.
  • The Ernie bot will be incorporated into Baidu’s search engine, which was initially launched in 2019 and has more than 100 billion parameters.
  • However, the company is not expected to expand its share in China, as it is already a leader in that market.

Baidu, the technology company whose search engine is the leader in China, announced this week the launch of its artificial intelligence product Ernie bot in March, which will compete with Open AI’s U.S.-based ChatGPT.

Since its emergence, ChatGPT’s numbers have skyrocketed projecting huge business growth and massification potential. To the point that AI fever among users and investors seems to be replacing that of the metaverse.

ChatGPT has 22 functions ranging from speaking in an almost human tone to writing articles or business proposals. This product is not yet available in China, at least not officially, although it has aroused great interest. Nor is it available in some Latin American countries.

Baidu co-founder and CEO Robin Li.

Upcoming launch on the horizon

But already several Chinese companies, including Baidu, announced that they will soon launch similar technology. During a company earnings call, Baidu CEO Robin Li explained what’s coming. “We will first incorporate the Ernie bot into Baidu search and open it to the public in March.”

The company claims to be working on “a revolutionary version of Baidu search based on the Ernie bot that incorporates generative artificial intelligence into our search algorithm as well as content creation, and we are adding interactive features,” Li said.

He added that users of the search engine “will soon be able to interact directly with the new large generative language model.” In China, Google is banned and Baidu’s search engine dominates the market.

According to Statcounter data from January, Google is still the world’s largest search engine, followed by Baidu which takes less than 1% share, but is limited almost exclusively to the Chinese market.

ChatGPT vs Ernie Bot

Although no information is yet available on the capabilities of the Ernie bot, it is believed that it will replicate ChatGPT, which has been making waves around the world.

Baidu’s Ernie project was initially launched in 2019 and boasts “with more than 100 billion parameters,” Li explained. The search engine is specially designed for Chinese culture. “It is capable of handling billions of search requests from users and other applications every day,” he added

In artificial intelligence, parameters are used to measure how much a certain model has learned. For example, GPT-3, which preceded today’s ChatGPT, is trained with 175 billion parameters, notes a Stanford University report published in 2021.

According to the report, ChatGPT’s predecessor at the time took a giant leap in capacity over the 1.5 billion parameters contained in GPT-2.

For the time being, we will have to wait for the release of the Ernie bot to make the capability comparison between the two products. So far OpenAI has not commented on what it knows about its Chinese competitor.

While artificial intelligence promises to revolutionize many areas of work by making tasks easier to perform, the quality of the content generated by these new tools is still in question.

“Users have shared results that they find politically biased, offensive or objectionable,” OpenAI revealed this month on its blog when referring to ChatGPT. The U.S. startup has promised to continue working to improve the content generated by its flagship product.

Regulatory hurdles

Analysts point out that artificial intelligence in China will encounter many obstacles to compete on better terms. Especially due to the Chinese government’s crackdown on the control of data and information received by the public.

On that point Chat GPT has an advantage over Baidu’s Ernie bot. Xi Jinping’s government is keen to make China technologically self-sufficient by favoring hard technology.

Chinese regulators have banned other tech companies such as Alibaba’s Tencent and Ant Group from offering access to ChatGPT’s services on their respective platforms, directly or indirectly, Nikkei Asia said citing sources.

Moreover, the article added that Chinese tech companies will have to require prior approval from regulators in order to launch AI services similar to ChatGPT.

Although the Nikkei report did not specify which regulators it was referring to specifically. Neither China’s cybersecurity regulator nor tech giants Baidu, Tencent and Ant, commented on this report, CNBC said.

In China, it is common for companies to have to seek approval from regulators before they can operate in sectors deemed strategic or sensitive by the government.

AI monetization remains unclear

Regarding AI monetization, companies are still unclear on how it will work. Although they anticipate that it will be a radical transformation for the technology sector, as is the case with ChatGPT.

As for the integration of the Ernie bot into Baidu’s search engine, it is not expected to help the company expand its share of the Chinese market, because it already dominates it, said John Freeman, vice president of equity research at CFRA. “It’s not as important to them as it is to Alphabet [Google’s parent],” he added.

In making an assessment of Baidu’s capabilities, Freeman said he was very “impressed” with the speed with which Baidu’s algorithms work. Especially when asked to transform text into video.

The Ernie bot will be integrated into various functions on Baidu’s platform and across all the companies that orbit around the Chinese tech giant, including electric car startup Jidu.

AI possibilities at Baidu

“ChatGPT types of features could potentially become a new traffic entry point for Internet users and thus expand the size of the search market,” Baidu’s Li commented on Wednesday.

He added that “meanwhile, it will also help our advertisers, content creators and marketers.” Baidu will be able to “accumulate more short videos on our platform over time” from AI-generated content. “And a direct benefit would be to increase video viewership and ad revenue.”

Last year the company’s total revenue suffered a 1% drop to 123.68 billion yuan, or about $17.93 billion, Baidu said in a statement.

However, the company’s operating margin grew, despite this loss, Freeman said. “That tells you intrinsically that it’s a really healthy business. These companies are driven if we see a change in the environment,” he concluded.

Tags: Artificial Intelligence (AI)BaiduBot ErnieChatGPT

Related articles

Central bank gold demand reaches record high in first quarter
News

Central bank gold demand reaches record high in first quarter

by Santiago Contreras
— May 8, 2023
Snap Inc. does not see a light at the end of the tunnel (quite the contrary)
News

Snap Inc. does not see a light at the end of the tunnel (quite the contrary)

by Pablo Petovel
— May 7, 2023
What’s behind the drop in C3.ai shares?
Technology

What’s behind the drop in C3.ai shares?

by Alejandro Gil
— April 26, 2023
Huawei boosts China in chip wars
Technology

Huawei boosts China in chip wars

by Alejandro Gil
— April 25, 2023
Big losers of 2022: Bernard Arnault, Elon Musk and Jeff Bezos
News

Big losers of 2022: Bernard Arnault, Elon Musk and Jeff Bezos

by Pablo Petovel
— April 23, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Last published articles

Central bank gold demand reaches record high in first quarter
News

Central bank gold demand reaches record high in first quarter

by Santiago Contreras
— May 8, 2023
Intel stock in 2023: good entry point?

Intel stock in 2023: good entry point?

by Pablo Petovel
  May 8, 2023

Possible Fed pause not a buy signal, BofA says

Possible Fed pause not a buy signal, BofA says

by Alejandro Gil
  May 7, 2023

Snap Inc. does not see a light at the end of the tunnel (quite the contrary)

Snap Inc. does not see a light at the end of the tunnel (quite the contrary)

by Pablo Petovel
  May 7, 2023

Why has cryptocurrency trading volume fallen so much?

Why has cryptocurrency trading volume fallen so much?

by Santiago Contreras
  April 26, 2023

Facebook Twitter LinkedIn Telegram RSS

ABOUT INVESTOR TIMES

INVESTOR TIMES is an independent publication of economic, finance and investment content, owned and operated by Altas Ventures.

MORE ABOUT US

  • Our team
  • Work with us
  • Advertise on IT
  • Contact
  • Corporate information
  • Terms of Use
  • Cookies Policy
  • Privacy Policy

INTERNATIONAL EDITIONS

Investor Times in English

Investor Times en Français

Investor Times in Deutsch

Investor Times in Italiano

Investor Times em Português

Investor Times po Polsku

Investor Times на русском языке

El País Financiero (edición en Español)

© ATLAS VENTURES SLU, all rights reserved. Any information contained in INVESTOR TIMES is for educational and/or informational purposes only, it is not financial and/or investment advice. INVESTOR TIMES may obtain economic retribution by recommending services or products of third parties. INVESTOR TIMES does not accept, nor will it accept in the future, subsidies or funds from Governments, political parties or public institutions.

No Result
View All Result
  • Home
  • News
  • Markets
  • Investing
  • Cryptocurrencies
  • Technology

  •  EXCLUSIVE  3 Russian men are the real perpetrators behind Juicy Fields, says Glanse

     NEW  Compound Interest Calculator

     TRENDING 
    Investing in Bitcoin Investing in the Metaverse 5 reasons to invest in Amazon

© ATLAS VENTURES, all rights reserved.