{"id":73592,"date":"2023-10-17T10:19:56","date_gmt":"2023-10-17T14:19:56","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/baidu-says-its-ai-matches-chatgpt-what-it-means-for-alibaba-and-tencent\/"},"modified":"2023-10-17T10:19:59","modified_gmt":"2023-10-17T14:19:59","slug":"baidu-says-its-ai-matches-chatgpt-what-it-means-for-alibaba-and-tencent","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=73592","title":{"rendered":"Baidu Says Its AI Matches ChatGPT. What It Means for Alibaba and Tencent."},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-BAR-0000771253\">\n<div data-layout=\"wrap\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          wrap\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--wrap\n    article__inset--lead\n  \"><\/p>\n<p>        <!-- eventually when we know what this card will be we can change it and leave this one --><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-wrap\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<\/figure><\/div>\n<p>Baidu is pushing its claim to be China\u2019s artificial-intelligence champion. The company thinks the latest version of its AI technology is a match for that developed by ChatGPT-maker OpenAI.\u00a0<\/p>\n<p>It\u2019s a serious claim from<br \/>\n        Baidu<br \/>\n       (ticker: BIDU), both in terms of its competition with<br \/>\n        Alibaba<br \/>\n       (BABA) and<br \/>\n        Tencent Holdings<br \/>\n       (TCEHY) to be the leading Chinese AI company, and how the AI race between the U.S. and China is shaping up.\u00a0<\/p>\n<div class=\"paywall\">\n<p>Baidu CEO Robin Li said on Tuesday that the company\u2019s newly released ERNIE 4.0 chatbot \u201cstands on par with [OpenAI\u2019s] GPT-4 in terms of overall performance\u201d, according to a company-provided translation of his speech at a presentation event. The chatbot is currently available to invited users and companies can apply to access it.\u00a0<\/p>\n<p>Baidu claiming AI leadership in China isn\u2019t necessarily a big surprise. The previous version of its ERNIE AI model was ranked as the best among its domestic peers based on its algorithms, industry coverage, development tools and ecosystem, according to market-intelligence firm IDC.\u00a0<\/p>\n<p>However, if it has caught up with<br \/>\n        Microsoft<br \/>\n       (MSFT)-backed OpenAI, then Baidu has overcome obstacles including stricter government controls on development of AI technology and U.S. efforts to limit exports of advanced semiconductors used for training AI models.\u00a0<\/p>\n<p>It would also suggest that Baidu is further ahead than major U.S. companies such as<br \/>\n        Meta Platforms<br \/>\n       (META). The Wall Street Journal reported last month that Facebook-owner Meta was planning the release of an AI model as powerful as GPT-4 next year.\u00a0<\/p>\n<p><em>Barron\u2019s<\/em> hasn\u2019t had a chance to test ERNIE and comparing AI models is tricky in any case. However, some analysts are skeptical over how big a leap the latest release represents and whether a Chinese model can truly have caught up with the latest U.S. AI technology. <\/p>\n<p>\u201cI suspect that ERNIE 4.0 remains quite some distance behind the best that OpenAI and Google can come up with,\u201d wrote independent analyst Richard Windsor, who publishes the Radio Free Mobile note.\u00a0<\/p>\n<p>Windsor said that governmental restrictions and the Chinese data set that ERNIE will have been trained on means its knowledge will be relatively limited and reduce its functionality outside of China. However, that could still let it outcompete models from Alibaba and Tencent. <\/p>\n<p>American depositary receipts of Baidu were down 2.6% in early trading on Tuesday. Alibaba ADRs were down 1.8%. Tencent shares closed up 0.4% in Hong Kong. <\/p>\n<p>Baidu\u2019s domestic rivals aren\u2019t sitting still. Alibaba and Tencent both participated in a $300 million financing for Chinese generative AI start-up Baichuan, Bloomberg reported Tuesday, a company that has already released several open-source large language models and is working on proprietary versions. <\/p>\n<p>Write to Adam Clark at adam.clark@barrons.com<\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/articles\/baidu-ernie-china-ai-chatgpt-ca1b4e26?mod=markets\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Baidu is pushing its claim to be China\u2019s artificial-intelligence champion. The company thinks the latest version of its AI technology is a match for that developed by ChatGPT-maker OpenAI.\u00a0 It\u2019s a serious claim from Baidu (ticker: BIDU), both in terms of its competition with Alibaba (BABA) and Tencent Holdings (TCEHY) to be the leading Chinese [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":73593,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-73592","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Baidu Says Its AI Matches ChatGPT. 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