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China's Baidu rolls out ChatGPT rival to public
Economic Times
·
1y ago
Medial
China's Baidu has launched its AI app ERNIE Bot to the public, aiming to capitalize on the global AI trend. This follows China's introduction of new regulations for AI developers, enabling them to compete while controlling online information. ERNIE Bot, the first domestic AI app available in China, is part of Baidu's suite of generative AI apps. The app's widespread availability will aid its improvement with human feedback. These apps are designed to understand, generate, reason, and remember complex questions in human-like language. Chinese apps must follow socialist values and not threaten security or promote harmful content.
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Baidu CEO warns China's rush to develop AI models risks wasting resources
Economic Times
·
1y ago
Medial
The head of Baidu, one of China's leading AI firms, cautioned against the excessive development of large language models, calling it a waste of resources. Robin Li emphasized the need for companies to focus on practical applications instead of solely creating foundational models. China has witnessed a surge of interest in generative AI since OpenAI's ChatGPT release. Despite the proliferation of large models, the development of AI applications based on them has been limited. Baidu's own model, Ernie, was made available to the public in August.
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Baidu among first to win China approval for AI models
Economic Times
·
1y ago
Medial
China is set to approve the first batch of generative artificial intelligence services for public use, allowing homegrown tech companies like Baidu to compete with global players like OpenAI and Microsoft. The Cyberspace Administration of China is expected to give the green light to several firms, including major technology names and newcomers, allowing ChatGPT-style services to reach over a billion internet users. This move follows new AI regulations and marks a significant milestone for China's AI industry as it aims to compete on the global stage. Baidu's Ernie Bot is expected to be among the first approved services.
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Baidu fourth-quarter revenue down 2% as advertising dip offsets AI cloud gains
Economic Times
·
4m ago
Medial
Baidu reported a 2% decrease in quarterly revenue due to declining advertising, despite gains from its cloud AI segment. The company's online marketing revenue fell 7% but was partially offset by a 26% growth in AI Cloud. Baidu has focused on AI to reduce reliance on advertising, introducing a ChatGPT-style chatbot. Despite challenges, Baidu plans to open-source future models and integrate AI into apps to drive monetization.
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Baidu launches upgraded AI model, says user base hits 300 million
Economic Times
·
1y ago
Medial
Baidu has introduced an upgraded version of its AI model, Ernie 4.0 Turbo, to compete in China's AI market. The new model will be available to the public through web and mobile app interfaces, and developers can integrate it through Baidu's Qianfan AI platform. Baidu's Chief Technology Officer, Wang Haifeng, shared that Ernie has gained 300 million users since its launch. Baidu also announced an upgrade to its PaddlePaddle AI ecosystem, supporting 14.65 million developers and serving 370,000 organizations. This comes as OpenAI plans to block access to its API from China, prompting Chinese AI firms to attract affected users with migration services and incentives.
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Chinese internet company Baidu posts modest revenue growth in September quarter
Economic Times
·
1y ago
Medial
Chinese internet company Baidu reported a 6% year-on-year revenue growth in the third quarter of 2023, surpassing analyst expectations. The company is diversifying into sectors such as cloud computing, autonomous driving, and artificial intelligence (AI) to combat increased domestic competition and a sluggish economy. Baidu's AI chatbot Ernie, introduced in October, claims to rival the capabilities of OpenAI's ChatGPT. The company reported a profit of $996 million and a revenue of $4.7 billion in the three-month period, representing a 23% and 6% increase, respectively.
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Baidu revenue grows 6% in Q4 as AI and advertising boost business
Economic Times
·
1y ago
Medial
Baidu, China's largest internet search engine, reported a 6% increase in fourth-quarter revenue, driven by its artificial intelligence applications and advertising business. The company's adjusted net income soared by 44% compared to the same period last year, surpassing analysts' expectations. Baidu has been investing in AI as a strategy to counter the slowing Chinese economy, with its Ernie Bot and other AI services starting to contribute to its revenue. The company's online marketing revenue also grew by 6%. Baidu's shares rose by 0.4% following the announcement.
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Baidu's Apollo autonomous vehicles granted licence to test in Hong Kong
Economic Times
·
7m ago
Medial
China's Baidu has been granted a license to test autonomous vehicles in Hong Kong for its Apollo robotaxi service. Baidu Apollo International Ltd will conduct trials for 10 autonomous vehicles in North Lantau, with the license valid from December 2024 to December 2029. During the trials, a backup operator will be present on board to take control if necessary. This marks Baidu's first permit for autonomous vehicle testing outside mainland China and aligns with its plans to expand its robotaxi service to other regions, including Hong Kong, Singapore, and the Middle East.
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Chinese internet giant Baidu posts flat revenue as consumption slumps
Economic Times
·
10m ago
Medial
Baidu, the Chinese internet giant, reported flat second-quarter revenue of ¥33.93 billion ($4.67 billion), citing an uncertain economic outlook in the country. The company, known for operating China's top search engine, derives significant sales from advertising, which is susceptible to fluctuations in consumer and business spending. Despite the challenges, Baidu's net profit for the quarter increased by five percent to ¥5.5 billion ($770 million). Baidu competes with other Chinese internet giants such as Tencent and ByteDance and has been exploring opportunities in artificial intelligence and autonomous driving to diversify its revenue streams.
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No plans to sue China's DeepSeek: OpenAI CEO Sam Altman
Inshorts
·
5m ago
Medial
OpenAI CEO Sam Altman said the ChatGPT maker has "no plans to sue" Chinese rival DeepSeek. "We are going to...continue to build great products and lead the world with model capability, and I think that will work out fine," he added. OpenAI recently claimed DeepSeek used OpenAI's proprietary models to train its model.
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Alibaba and Baidu slash AI model prices amid cloud computing price war
Livemint
·
1y ago
Medial
Alibaba and Baidu, two major Chinese tech companies, have lowered their prices for large-language models (LLMs), intensifying competition in China's cloud computing market. Alibaba's cloud division has cut prices by up to 97% for its Tongyi Qwen LLMs, while Baidu has made its Ernie Speed and Ernie Lite models free for all business users. The price war in the cloud computing sector, driven by the success of AI chatbot services, could impact profit margins for these companies. Bytedance also recently announced significant price reductions for its Doubao LLMs.
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