Baidu’s ChatGPT alternative gets positive reviews for handling of Chinese translations as search giant’s stock jumps

Baidu’s stock jumped 15% Friday morning after reviewers praised Ernie Bot’s English-to-Chinese translations and real-time information. ChatGPT is still better at providing knowledge and writing code, reviewers say, and OpenAI’s new GPT-4 model offers another leap forward. — SCMP

Ernie Bot, the highly anticipated ChatGPT alternative from Chinese Internet search giant Baidu, has received recognition from reviewers for its Chinese language capabilities, reversing initial disappointment and pushing the company’s stock up 15% in Hong Kong on Friday morning.

The jump in share price came in sharp contrast with Thursday, when the price tumbled 6.4% after Baidu unveiled its new artificial intelligence product without a live demonstration. The company also revealed that only select users would initially have access to a beta via invitation codes, but positive reviews started appearing online as more people gained access to the product.