Chinese tech giant launches ChatGPT-style tool, sending shares soaring

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Chinese tech giant launches ChatGPT-style tool, sending shares soaring
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The ERNIE bot could be China's most notable entry in the race to create lifelike AI bots.

, Baidu intends to incorporate ERNIE first into its primary search service. Users of the program will be able to obtain search results in a conversational format, similar to the renowned OpenAI platform.And that's not all. Beyond Baidu's entry into the hotly contested generative AI space, other Chinese AI-related equities, including Beijing Deep Glint Technology Co. and Cloudwalk Technology Co., have seen a recent rise.

Since then, the AI bot has gained enormous popularity, gaining millions of users in a matter of days thanks to its cutting-edge conversational AI technologies. ChatGPT has also earned eye-popping investments from Microsoft Corp., it has features like access during peak hours and quicker response times.Baidu's news also comes after Google revealed on Monday that it would introduce a

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