https://apnews.com/article/baidu-chatgpt-ernie-bot-ai-technology-294aa0d1da540048e057e9825a829ae8

HONG KONG (AP) — Chinese search giant Baidu unveiled its artificial intelligence chatbot Ernie Bot, presenting its rival to the Microsoft-backed ChatGPT in a pre-recorded video presentation Thursday that appeared to disappoint investors.

Baidu CEO Robin Li said Ernie Bot was still not perfected, but the company went ahead with presenting it due to high demand. Shares plunged 10% after Li showed a prerecorded demonstration of the Ernie bot instead of the real-time live demonstration of its capabilities that many had expected. They closed down 6.4%.