Even though Baidu‘s AI Bot Ernie was meant to compete with Bing AI and Google’s Bard, it was doomed from the start thanks to a phony video demonstration.
Ernie AI Bot
In contrast, Baidu’s recorded demo and the absence of a public announcement failed to satisfy investors. Even when Baidu’s CEO Robin Li was speaking during the event, the stock dropped significantly.
It has been revealed by Robin Li, CEO of Baidu, that early testing of Ernie is revealing enormous potential and possibilities. The issue was that Baidu was hurrying the release because artificial intelligence is all the rage in the tech industry right now.
Baidu’s market worth dropped by about $3 billion as a direct result of the unsuccessful presentation.
