tl;dr
Baidu's (NASDAQ:BIDU) generative artificial intelligence chat tool Ernie Bot has seen over 200M users, amid tough competition in the AI arena, Reuters reported. The users have doubled since the Chinese internet search giant said in December that Ernie surpassed over 100M users. Baidu CEO Robin Li sa...
Baidu's (NASDAQ:BIDU) generative artificial intelligence chat tool Ernie Bot has seen over 200M users, amid tough competition in the AI arena, Reuters reported. The users have doubled since the Chinese internet search giant said in December that Ernie surpassed over 100M users. Baidu CEO Robin Li said that Ernie Bot's application programming interface, or API, is being used 200M times every day. This meant that the AI tool was requested by its user to carry out tasks that many times a day, the report. Ernie's enterprise clients reached 85,000, Li said at a conference in Shenzhen, according to the report. Last month, the company said it released five new versions of Ernie and an enhanced development toolkit for enterprises. Baidu had noted during its fourth-quarter earnings in February that its AI service had begun to add to sales. In November 2023, Baidu launched a paid version of Ernie Bot, a month before that the company had unveiled Ernie 4.0, a potential rival to Microsoft (MSFT)-backed OpenAI's GPT-4 model. Baidu (BIDU) was among the first list of Chinese companies — which included startups Zhipu and Baichuan — to win approval from China's internet watchdog at the end of August for AI services to be released for public. Alibaba-backed start-up Moonshot AI's chat tool Kimi seems to be catching up to Ernie. Ernie was visited 14.9M times across its app and website last month, while Kimi saw 12.6M visits in the same period, according to data from AIcpb.com, the report noted. ChatGPT remains the world's most visited generative AI service, with total traffic growing 9% to touch 1.86B views last month, the report added.
More about Baidu Inc
Baidu Inc Stock Analysis Summary Company: Baidu Inc
Description: Baidu, Inc. provides Internet search services primarily in China. The company is headquartered in Beijing, China.
Sector: TECHNOLOGY
Industry: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
Market Cap: $349.13 billion
P/E Ratio: 12.8
Dividend Yield: None
Current Price: $383.61
Price to Book: 0.151
Revenue: $134.60 billion
EPS: $158.09
Net Margin: -0.572
ROE: 0.057
More about Microsoft Corporation
Microsoft Corporation is an American multinational technology company that produces computer software, consumer electronics, personal computers, and related services. Its best known software products are the Microsoft Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers. Its flagship hardware products are the Xbox video game consoles and the Microsoft Surface lineup of touchscreen personal computers. Microsoft ranked No. 21 in the 2020 Fortune 500 rankings of the largest United States corporations by total revenue; it was the world's largest software maker by revenue as of 2016. It is considered one of the Big Five companies in the U.S. information technology industry, along with Google, Apple, Amazon, and Facebook.
Sector: Technology
Industry: Services-Prepackaged Software
Market Cap: 313.49 billion
Current Price: $38.15
Change: $2.86
Change %: 11.06%
52-Week Range: $30.61 - $462.06
EPS: 0.363
Volume: 227,583,001
Average Volume: 1,000,000
Market Cap: 462.06 billion
Beta (5Y Monthly): 0.332
PE Ratio (TTM): 0.176
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