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Home»Finance»Baidu denies military-related reports as stock price plummets
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Baidu denies military-related reports as stock price plummets

The Elite Times TeamBy The Elite Times TeamJanuary 15, 2024No Comments2 Mins Read
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(Bloomberg) – Baidu Inc. suffered its biggest decline in more than a year as reports of links between its Ernie AI platform and critical military research heightened concerns about U.S. government retaliation. .

Most Read Articles on Bloomberg

The search engine company, generally considered one of China’s leaders in artificial intelligence development, fell as much as 10% on Monday, with losses widening in U.S. trading on Friday. Hong Kong traders cited a South China Morning Post report about how a university affiliated with the People’s Liberation Army Strategic Support Force, which oversees cyber warfare, tested its AI system on Ernie, which is similar to Baidu’s ChatGPT. Quoted.

Baidu on Monday denied any partnership or partnership with the institute. However, reports of collaboration with the People’s Liberation Army raise concerns that the US government may consider imposing sanctions on Chinese companies to curb such cooperation, as part of efforts to contain geopolitical rivals. caused concern. A search on Monday revealed that a research paper cited in the South China Morning Post was offline.

“Baidu has no affiliation or affiliation with the academic institutions in question,” a company spokesperson said in a statement. “We know nothing about this research project. If our LLM had been used, it would have been the version publicly available online.”

Read more: Baidu’s ChatGPT-style AI begins to generate revenue, exceeding sales forecasts

Baidu debuted Ernie (the country’s first answer to OpenAI’s ChatGPT) in 2023, at the culmination of a nationwide development frenzy involving dozens of startups and most technology leaders from Tencent Holdings Ltd to Alibaba Group Holding Ltd. I jumped to the front.

Baidu’s Ernie Bot has amassed 70 million users after three months of public release, and the company claims its homegrown model is comparable to GPT-4 in terms of general functionality.

“People are clearly worried about sanctions against Baidu following reports about military ties,” said Stephen Leung, executive director of UOB Kay Hian Hong Kong. “Investors are unlikely to sell as overall sentiment toward China is weak and U.S.-China relations remain tense,” he said. The question is whether the news is true or not. ”

–With assistance from April Ma and Sarah Zheng.

(Updates with statement from Baidu)

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