Baidu shares jump as Ernie Bot progress rekindles AI bets


SHANGHAI: Baidu Inc shares jumped in Hong Kong following reports that it will soon launch a large-language model to power its ChatGPT-Like app Ernie Bot.

The shares rose as much as 6% before trimming as chief executive officer Robin Li was cited as saying that the model will be used to upgrade its search engine. Other artificial intelligence (AI) stocks, including SenseTime Group Inc and Meitu Inc, gained at least 3% each.

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