Baidu stock jumps 15% as the Chinese internet giant says it's readying its answer to ChatGPT

Tue, 02/07/2023 - 07:20

Baidu shares jumped more than 15% on news it is on track to roll out its answer to ChatGPT in March, reports say.
Ernie Bot is expected to start as a standalone feature before being integrated into its search engine, per Reuters.
ChatGPT isn't available in China, giving Baidu a clearer run at the country's AI market.

Shares in Baidu surged to highs unseen since 2021 after the company said it is on track to roll out its ChatGPT competitor "ERNIE Bot" in March.