The Chinese internet search giant, Baidu, unexpectedly unveiled its new AI bot, Ernie Bot, triggering a surge in its market value by a staggering 23 billion dollars. The public debut of their latest technological marvel on the US stock market was reinforced by impressive quarterly figures from the company.
In a record short span, Ernie Bot captured the hearts of a whole million users, becoming the absolute leader in apps in China. Although the AI market is known for its unpredictability, Baidu’s stocks astonished everyone by doubling in just four months.
However, clouds are forming on the horizon: new players like Iflytek Co. and Tencent Holdings Ltd. are ready to join the fray. Yet experts are optimistic: JPMorgan singles out Baidu as the most promising investment asset in the Chinese market, while analysts from Goldman Sachs emphasize the company’s robust foundational base, predicting a bright future for it.
