ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
China tech

Baidu's shares plunge after demo of its ChatGPT-style bot

Prerecorded presentation leaves investors unimpressed

Baidu is keen to commercialize its own version of ChatGPT, dubbed Ernie Bot, to capitalize on the craze for generative AI technology.   © Reuters

TOKYO -- Chinese search giant Baidu's shares plunged after the company debuted its answer to Microsoft-backed ChatGPT, in a sign investors were less than impressed by the chatbot challenger.

The company's Hong Kong-listed shares plunged more than 10% at one point during the demonstration on Thursday afternoon before ending the day down 6.36%, at 125.1 Hong Kong dollars.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more