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.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Covered but still exposed
Auction market rising
Why some homes rot faster
Perlis Inland Port to contribute to US$30bil Malaysia-Thailand trade target
Hormuz gloom for European stocks
Asia-Pacific debt markets gain traction
Shifting to a lower gear
Sobering times for alcohol industry
Climate tech latest investment play
Oriental Kopi’s quick profit dip highlights challenges in F&B sector

Others Also Read