Baidu shares tumble as it gives a sneak peek at Ernie Bot, China's own ChatGPT

Baidu shares tumble as it gives a sneak peek at Ernie Bot, China's own ChatGPT

People stand by a sign of Baidu during World Artificial Intelligence Conference, following the coronavirus disease (COVID-19) outbreak, in Shanghai, China, September 1, 2022. REUTERS/Aly Song

Chinese search engine giant Baidu on Thursday unveiled its much-anticipated artificial intelligence-powered chatbot known as Ernie Bot, giving the world a glimpse of what could be China’s strongest rival to U.S. research lab OpenAI’s ChatGPT.