• Baidu, Inc BIDU CEO Robin Li shared plans to launch Ernie 3.5, a generative AI large-language model that will power Baidu’s ChatGPT-like app Ernie Bot and upgrade its search engine.
  • Li announced at China’s Zhongguancun Forum two months after Ernie Bot met with mixed reviews, Reuters reports.
  • Ernie Bot and other products powered by the company’s generative AI large-language model have remained in trial mode since the public face-off. Baidu invited a select number of companies and users to test the products and provide feedback.
  • In April, reports indicated Alibaba Group Holding Limited BABA owned DingTalk, which is a Salesforce, Inc CRM
  • -owned Slack counterpart amid initiatives to monetize its chatGPT-like AI model features.
  • Also, Alibaba’s research institute, DAMO Academy, is reportedly working to incorporate the large-scale model into its Tmall Genie, a smart speaker home to intelligent personal assistant AliGenie.
  • Price Action: BIDU shares closed lower by 2.37% at $121.81…

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