Baidu shares fall after disappointing AI chatbot debut
Baidu’s shares fell 10% after unveiling its AI software, Ernie Bot, at a press event in Beijing.
Unlike ChatGPT’s live interactions, the company’s co-founder showed only a pre-recorded demonstration of the software, disappointing investors.
Baidu plans to integrate the bot into its search engine and smart home devices. However, China’s censorship and US restrictions on chip sales may limit Chinese companies’ AI ambitions.
