-
Baidu's Ernie Bot has surpassed 100 million users, indicating a strong market presence and user adoption despite initial mixed reviews.
-
Ernie Bot is a leader among Chinese generative AI chatbots but still lags behind ChatGPT in performance rankings, showing room for improvement.
-
The rapid development and adoption of generative AI chatbots like Ernie Bot reflect the growing global competition and innovation in AI technology.
Baidu's Ernie Bot, a ChatGPT-like chatbot, has achieved a significant milestone by amassing over 100 million users since its public release in August, following a partial unveiling and trial period. Despite its underwhelming initial release, Baidu gained a first-mover advantage in the crowded Chinese market of generative AI chatbots. While Ernie Bot leads among Chinese chatbots, its performance, as per SuperCLUE's ranking, is still over 10 points lower than the latest version of ChatGPT. The launch of Ernie Bot and other generative AI services reflects the global trend of companies developing large language models for various applications, with Baidu positioning itself as a key player in this rapidly evolving market.
Third Quarter 2023 Financial Results recap:
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile app- Total Revenues: $4.72 billion, a 6% increase year over year.
- Baidu Core Revenue: $3.64 billion, up 5% year over year.
- Operating Income: $860 million.
- Adjusted EBITDA: $1.30 billion
- Cash and Equivalents: $27.78 billion
Source: xStation 5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
